Water companies across England and Wales are planning significant bill increases for 2029 to 2030, with an average expected rise of 40%. This means customers will see annual bills climb to approximately £615, compared to the current average of £439.
Thames Water has proposed a staggering 53% rise, translating to £667 annually, asserting that without these increases, it will struggle to maintain normal operations. This highlights serious financial pressures faced by water providers.
Southern Water is seeking an 84% increase, reflecting the severe financial challenges within the water industry. Affinity Water's modest 6% hike contrasts sharply with the other providers, showing a wide disparity in the financial strategies of these companies.
Overall, the proposed hikes by water companies reveal a critical need for increased funding amidst operating challenges. This situation raises concerns about affordability for customers, especially for those on low incomes.
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