UK households are set to pay higher prices for water after companies requested to increase bills by more than their original proposals, according to new data released by Ofwat.
The latest requests would see the average water bill in England and Wales rise by 40 per cent between now and 2030, costing consumers £615 per year.
Earlier this year, firms asked Ofwat for an average bill of £585 by 2030, a rise of about one-third from the current average of £439.
However, after a consultation period, 10 out of the 11 water companies have returned with even higher requests. READ MORE: NS&I issues major update for anyone with Premium Bonds starting from December Many argued that they need to spend more on upgrading their infrastructure than initially planned, hence the need for increased bills.
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