We are going to take a look at what's happening in the water industry now as water companies in England and Wales submit plans to regulator Ofwat, detailing investment to modernise the industry. But they want the customers to pay for it. Let's take a closer look at the story.
Proposals submitted to Ofwat by water companies suggest that they want to invest ninety six billion pounds to pay for upgrades and reduce sewage discharges. They plan to pay for this by increasing bills, with an initial rise of eighty four pounds in twenty twenty five, rising each year to an eventual price rise of one hundred and fifty six pounds by twenty thirty.
Some aren't thrilled about the news, especially given recent events around sewage being dumped in the sea and rivers. Some argue that money was already available to prevent this from happening, meaning water companies can't be trusted to act on this now and deliver what was promised.
Water UK has defended the industry's investment record, stating that British drinking water is now of the highest standard in the world with bills generally staying low since 2010. A final decision on the proposals will be made late next year.
