Ofwat moves to cut bills by 5% – but customers will not see this as they will still rise with inflationThe average household water bills will rise to over £400 a year for the first time next year despite an announcement by the industry regulator that prices will descend by 5% by 2020.
Ofwat,which sets the limits on water charges every years, announced that water bills across the country would be cut by an average 5% before inflation over the next five years, or knocking £20 off the average bill over this period.
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Source: theguardian.com