Water bills set to rise in 2009

Households are facing increased water bills from April this year, following an agreement between regulator Ofwat and the water industry.

The terms of the deal state that prices can increase by an agreed inflation figure (currently 3%), plus a margin for each water company, which will be 1.1% on average, according to The Guardian.

However, some companies will be raising their prices by as much as 5.6%.

The news may be of concern to billpayers already stretched financially by rises in food and fuel costs in the past 18 months.

A spokesperson for debt management company Gregory Pennington said: “The proposed rises in water bills highlight the need for people to exercise caution with their finances over the next few months.

“In particular, people in debt should ensure that they are in a good position to keep repaying those debts while keeping up with any increases in the cost of living – and if they are not, then it’s important that they speak with a debt adviser to discuss their options.”

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Gregory Pennington offer debt management plans as well as a range of other debt solutions. If you are worried about debt, contact one of our expert debt advisers now.