Yorkshire Water bills are set to drop from next year, ensuring they remain among the lowest in the country.
The utility provider’s five million customers are set to see average bills fall by three per cent over the period from 2015 to 2020.
This means the average bill will be reduced from £373 per year to £361, and in 2019/20 customers will still be paying £15 less per year for their water and sewerage services compared to the national average.
The predicted fall in bills comes as final regulatory approval was given by Ofwat to Yorkshire Water’s latest five-year business plan, which will see the company invest more than £3.8 billion in the region’s water and sewerage services.
The investment will be focussed on improving customer services and delivering major environmental benefits.
Yorkshire Water chief executive Richard Flint said: “This is great news for our customers who already benefit from having some of the lowest bills in the UK.
“When pulling together our plan, more than 30,000 customers gave us their views on what they thought we should be investing in.
“Our consultation programme was the biggest of all the water and sewerage companies, so we’re confident that it represents real value for money for our customers.
“As a company that prides itself on taking care of the water environment, we’re looking forward to building on the excellent work we’ve already undertaken to help improve the region’s reservoir catchments, countryside, rivers and streams.”
Customers will receive official notification of their new charges early next year, with further letters and bills being sent out between February and May.