Household Bills
Q: How much will water bills fall in my area?
As reported by Your Money last week, household water bills in England and Wales will fall by an average of 2 per cent over the coming year.
However, bills received by individual consumers will vary, depending on their tariff, supplier and location. To assist those wondering whether they’ll be making a saving this year – and, if so, by how much – Your Money has compiled two tables.
The first, below, details water bill savings by firm.
The second, below, outlines savings by region.
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As you can see, the largest cuts are being made by Anglian, Wessex and Southern Water services. As a result, customers in Bristol can save as much as £34 on their water bills this year; customers in other areas of the UK (e.g. Essex) may not see savings at all. Some could even be charged more this year.
The reductions follow a successful campaign by industry regulator Ofwat to impose price controls on water bills; bills are to be reduced by 5 per cent in real terms in the next five years. Prior to Ofwat’s campaign, a third of a customer’s bill went directly into their supplier’s coffers, compared to 9 per cent in the energy sector.
Almost one third of an average annual household bill – more than £100 a year – goes on profit to water firms. This compares to 9 per cent in the energy sector.