News emerged on Thursday that average household water and sewerage bills in England and Wales will drop by roughly £17 in 2020 to 2021.
Indeed, Water UK said the average annual bill will drop from £413.33 to £396.60, though it warned that this will vary from company to company.
Water UK said that, after inflation, average bills are around the same level as they were a decade ago.
This is a highly different situation to the large rises in bills from energy and rail.
“The water industry is committed to giving customers good value for money. For around £1 a day, customers get the world-class quality water they need and their wastewater managed responsibly,” Water UK Chief Executive Christine McGourty commented.
“Companies are also committed to investing for the future and protecting the environment, with an ambitious goal to achieve net zero carbon emissions for the sector by 2030,” the Chief Executive of Water UK continued
Christine McGourty added: “And companies are increasing the assistance available for customers who need it most. The number of people getting help to pay their water bills will almost double, whether that’s through reduced tariffs or targeted support.”
Indeed, Water UK added that there will be more help for customers who are finding it difficult to pay, alongside the reduction in average bills.
Water companies are planning to almost double the amount of people receiving help with their bills every year. This figure is expected to rise from 760,000 customers now to at least 1.4 million by 2025.
In December, water companies were told by Ofwat to cut customer bills by £50 over the next five years.
Last year, water company Severn Trent (LON:SVT) warned on the future of the water sector.
Will you notice a reduction in your annual water bills?