Scottish Water sets out price increase plans
Scottish Water has confirmed its plans to implement a 1.6 per cent increase in household charges in April this year.
The increase will apply across all council tax bands and is in line with the price limits set by the Scottish regulator, Water Industry Commission for Scotland (WICS), as part of a six-year agreement between Scottish Water and the Customer Forum, which represents the interests of customers.
WICS set the 1.6 per cent price increase limit in November 2014. It is effective untill 2021 and is designed to deliver Scottish ministerial objectives at the lowest reasonable overall cost for the benefit of customers.
Despite the increases, Scottish Water has assured customers that their water bills will remain "considerably" lower than the English average (£389). The additonal cost should equate to just £6 being added to the average household bill per year, according to the firm.
The water company also says it remains committed to its intention to reduce household water charges in real terms by 2021.
Scottish Water chief executive Douglas Millican said: “Scottish Water customers continue to enjoy the benefits of one of the UK’s best value water and waste water services.”
He added that “the quality of drinking water received by our customers has never been higher” and that the firm is focussed on meeting customer expectations. “That’s why we’re building on the significant improvements we’ve made to water services by providing value for money, stability and certainty in charge levels.
-This article first appeared on Utility Week.
- Scottish Water spends £120M on Ayrshire water mains scheme Scottish Water is investing £120M to improve the water supply network by installing 30 miles of new water mains to connect... Read More >
- Tory MP Elphicke calls for windfall tax on water companies Nine of the largest water companies in the UK have accrued operating profits totaling nearly £10B since 2010 while only... Read More >
- Scottish Water completes Iona water main project Scottish Water has completed a £1.4M project to install a new water main on the island of Iona, improving the security of... Read More >
- Comment: Sludge all set for reform The opening of the bioresources market presents water companies with an opportunity to do things differently, but what... Read More >
- Interview: Ben Jeffs, Chief Executive, MOSL “The whole industry has really mobilised around market opening, and the water companies deserve credit for that.” Read More >
- Close-Up: Who will be the big fish in the new water retail market? With a £2.5BN new market for non-domestic water retail to open in England in April, joint ventures, incumbents and new... Read More >
- Water Industry Procurement: could Brexit provide a fresh start? Could Brexit lead to a re-examination of the procurement rules which govern the water industry and other infrastructure... Read More >
- Industry View: Let's not drop the ball after PR19 There must be better alignment between PR19 strategic plans and actual delivery plans if water companies are to get full... Read More >