One Third of Your Water Bill Goes on Profit

drops of water

More Than £100 a Year Goes on Profit


Did you know that almost a third of an average water bill – more than £100 a year – goes on profit, compared with 9 per cent in the energy sector, a new report claimed today.

Water bills have risen more than twice as fast as pay over the past decade in an industry which is now ‘out of control’, a study commissioned by trade union body, Unison found.

Earlier this year, industry regulator Ofwat announced a 3.5 per cent increase in the average annual bill – a hike of £13 bringing the total to £388 a year.

The research, conducted by the New Policy Institute, also found that water firms were making ‘huge profits’.

And it claimed that bills had trebled since the industry was privatised in 1989, well above increases in the rate of inflation.

Water bills have soared by 64 per cent in the past 10 years compared with 28 per cent for average earnings.

If the average bill had done no more than keep up with earnings, it would now be an £71 a year lower, claims the trade body.

Read more: http://www.dailymail.co.uk/money/bills/article-2314036/Almost-water-goes-profit-Unison-report-claims.html#ixzz2RZ07WgZX