AVERAGE water bills across Times Territory will drop by 11 per cent between 2010 and 2015, the industry s regulator has said. The Water Services Regulation Authority (Ofwat) made the announcement after considering
AVERAGE water bills across Times Territory will drop by 11 per cent between 2010 and 2015, the industry's regulator has said.
The Water Services Regulation Authority (Ofwat) made the announcement after considering a draft five year business plan from Hatfield-based Veolia Three Valleys Water.
An Ofwat spokesman said: "By 2015, the company's average water bill is set to fall by around �18, or 11 per cent to �142.
"This is before inflation is considered."
Ofwat chief executive officer Regina Finn said: "We understand times are hard and we have listened to what customers have told us.
"They want safe, reliable water supplies at a reasonable cost.
"Our proposals will reduce bills, while allowing Three Valleys to invest around �330 million.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here