Mark Tami – 2014 Parliamentary Question to the Department for Environment, Food and Rural Affairs
The below Parliamentary question was asked by Mark Tami on 2014-04-02.
To ask the Secretary of State for Environment, Food and Rural Affairs, what recent discussions he has had with representatives of the water industry to discuss the cost of water bills.
Dan Rogerson
The Secretary of State discussed the cost of water bills when he met water industry representatives in July 2013. He emphasised the need to secure the best deal possible for customers while continuing to attract essential investment in the long-term resilience of the sector. He sent a follow up letter in November 2013.
As the independent economic regulator for the water industry, Ofwat reviews water prices every five years. Securing a fair balance between the needs of water companies and their customers is central to Ofwat’s approach to the price review.
Water companies have now submitted their business plans to Ofwat to inform the 2014 price review. The plans set out how they intend to meet their obligations to customers and the environment during the 2015 to 2020 period. Most water companies are proposing flat or declining bills from 2015.
Water UK has also announced that most water companies will be holding bills below the rate of inflation in 2014/15, the final year of the price and investment package agreed in 2009.
