Ofwat wants £2.2bn savings squeezed from water sector

Ofwat believes £2.2billion of savings can be squeezed out of the water industry if companies sell and trade water more efficiently. The regulator yesterday rang in the changes to the way it regulates the water and sewerage sectors, particularly the ways firms in England and Wales can charge their customers from 2015 to 2020. It […]

Household water bills to rise by 3.5%

Householders in England and Wales will be hit by an average of 3.5% rise in their water bills from April this year. This means the average bill will be £388 in 2013/14, which regulator Ofwat said takes into account a rate of inflation of 3%. The changes will come into effect of 1 April 2013 […]

Water bills rise by 5.7%

As of today water bills in the UK rise by 5.7%, making the average household bill cost £376. The figure is 0.5% above the 5.2% rate of inflation. The regulator for water and sewage says the extra cost will put £22 billion into infrastructure improvements. Regina Finn, Ofwat Chief Executive Officer warned they would get […]

Ofwat to carry out extensive review of pricing

Ofwat is to carry out a comprehensive review which will include looking at price limits, cross-company trading and how to get across to customers the 21st century value of water. Speaking at Future Water 2010 in London this week, Ofwat chief executive Regina Finn said: “We believe in a vision of sustainable water”, which she […]