Dec 16, 2019
Water firms forced to cut bills by £50 by 2025
Water firms in England and Wales will have to cut the average bill by £50 over the next five years, under plans published by the industry regulator. The move is part of water regulator Ofwat's approval of a huge investment plan for water companies, aimed at improving their performance. The regulator also wants water firms to cut water lost to leaks by 16%. Oftwat chief executive Rachel Fletcher said it was "Firing the starting gun on the transformation of the industry". "Now water companies need to crack on, turn this into a reality and transform their performance for everyone," she added. Building work will include a new reservoir in Hampshire and the construction of a pipeline connecting water supplies from North Lincolnshire to Essex, said the regulator.
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