Water bills in England and Wales will soar by 36% over the next five years after the regulator increased the amount companies are allowed to charge.
Ofwat said that average bills will rise by £31 a year over the next five years, hitting £597 by 2030, before inflation is added. That money will be used by regional monopoly suppliers to operate the water system and invest in upgrades – as well as to provide a financial return for investors.
