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Household Water Bills rise 3.5pc

The cost of water and sewerage in the average UK household is set to rise at an inflation-beating rate, by some 3.5pc.

This is according to regulator Ofwat, and will see households spend an average of £388 each from April 2013 to March 2014. However it is understood that the increase was not as high as the water companies were aiming for, despite the fact that it beat inflation by half a percentage point.

Chief executive of Ofwat, Regina Finn, commented: “Back in 2009, companies wanted bills rises of 10pc above inflation. That didn’t chime with what customers told us they wanted, so we said they could only increase bills in line with inflation”.

There are distinct regional differences between the prices, with customers in the South-East experiencing the biggest rise of £23 per year. Those living in the South-West however will have the highest average annual bill in 2013/2014, which will be as much as £499.

If you have any questions about your household bills, or are struggling with the increases in utility prices, talk to one of our advisors who will be happy to help. Alternatively read our “how to combat the water bill rises” blog for tips on saving water.

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