Regulator orders water bills in England and Wales to be cut by £50

Ofwat also wants companies to invest an additional £12bn to
improve services

Household water bills in England and Wales are to be cut by an
average £50 over the next five years, under proposals set out by
the water regulator.

The regulator has also ordered water companies,
which have suffered a series of serious pollution incidents
, to
step up their spending by investing an additional £12bn to improve
services between April 2020 and April 2025. This takes their total
investment to £49bn.

Source: FS – All-News2-Economy
Regulator orders water bills in England and Wales to be cut by £50