Household water bills in England and Wales look set to rise by an average of £94 over the next five years as part of a broader investment programme to tackle the UK’s sewage crisis, according to plans set out by the water regulator this morning.

Under the new draft proposals, Ofwat said it would allow water firms to increase bills by an average of £19 per year over the next five years, and that any funds found to have not been spent on investment in improving water infrastructure would be returned to customers.

The plan set out regulator today would put the water industry on a path to investing £88bn to deliver cleaner rivers and seas and better services to customers over the five-year period between 2025 and 2030, it said.

However, any hike in consumer bills to pay for increased investment in water infrastructure is likely to be controversial,

Keep reading this article on Business Green - Incisive Business Media (IP).

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