Water bills cut goes ahead
AVERAGE bills for Anglian Water's residential customers are set to fall by �28 over the next five years.
SUFFOLK: Average bills for Anglian Water's residential customers are set to fall by �28 over the next five years.
The regional water company said it had accepted a price determination by industry watchdog Ofwat after previously protesting against the cut.
At the same time, it announced that its chief executive, Jonson Cox, would be standing down from his role as part of a “planned succession programme”.
Ofwat said in July that the company must cut its bills by �32 over five years from 2010 to 2015, and that it would make a final announcement in November.
Anglian Water had called for an increase in bills of �11 over the same period. On November 26, following the submission of further information by the company, Ofwat announced that it should shave a slightly lesser amount of �28 from its bills. Mr Cox described the decision as a “harsh determination”.
Despite the cut, the water company said that it would be spending �2billion on regional infrastructure over the five year period, which starts in April this year.