Ofwat, the regulator, has given provisional approval for 13 water companies to increase bills for customers by an extra £3.4bn. The decision comes on top of already-agreed bill rises negotiated with the water companies in 2024. The extra spending will be used to support growth, improve environmental outcomes, and ensure important upgrades are not delayed.
Water bills set to rise by £3.4bn for 13 water companies
UKPulse Money DeskWater companies in England and Wales have been given provisional approval to increase bills for customers by an extra £3.4bn to meet increased pressures on infrastructure and the environment.
- 13 water companies in England and Wales will charge customers more to pay for investments.
- The extra funding is earmarked for ensuring water services are maintained, meeting rising demand, and addressing pollutants known as 'forever chemicals'.
Why this matters: This decision may impact household budgets, particularly for customers of Severn Trent Water, Southern Water, Thames Water, Wessex Water, and South East Water, who will experience price rises of £1 to £43 in the 2027/28 and 2029/30 financial years.