United Utilities promises lower water bills

WATER company United Utilities said household bills will come down in 2015-20 following negotiations with the regulator Ofwat.

It also said the overall cost of its infrastructure investment will be lower after discussing the plans with the regulator as part of its draft determination covering costs over the next five years.

Earlier this year Ofwat questioned £1.1bn of infrastructure spending forecast by Warrington-based United Utilities.

Today it said adjustments would reduce expenditure by £370m,... For the full story register now for free or login below...