The Board of Portsmouth Water has confirmed that there will be no significant change to customers bills in 2017/18.
The water company has assessed the effects its 2017/18 charges have on customers’ bills for a range of different customer types - these new charges will apply as of 1 July 2017. The 33 groups have been summarised into six aggregate classes of customer.
The Board has now confirmed that no group of customers will experience a change in bills (both wholesale and retail) greater than 5% as a result of the proposed price changes. Over 30 groups of customer have been reviewed, including the average in a class and an upper and lower customer in the class as required by Ofwat guidelines.
Specifically The Board said that that the resultant price increases for any class of customer are no greater than 2.4% - the November 2016 Retail Price Index implied an inflation rate of 2.2%.
The price changes will apply from 1 July 2017.
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