Herefordshire water bills to rise by 1.7 per cent

THE water company that supplies Herefordshire is to increase its bills by less than average.
With some water companies increasing bills by as much as 5.5 per cent, Welsh Water will increase bills by 1.7 per cent.
This means the average bill will increase from £427 to £434.
Chris Jones, finance director, said: “We are very proud to say that we have again been able to achieve the lowest average bill increase for our customers.
“Our unique not-for-profit model means we can ensure profits stay within the company for the benefit of customers."

Comments (3)

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12:02pm Tue 5 Feb 13

littlewhitebull says...

Great news! I've just asked my boss for a rise to cover this extra water cost, council tax, petrol increase, etc., etc. But, as with all staff at our company we shall enter our third fiscal year without a pay increase.
We are all working harder to keep our jobs, whilst we hear of such increases all around us, that make us a 'bit' touchy.
From other posters' comments on this site we don't think we are alone.
Do we get a little hot under the collar when we hear of bankers huge bonuses, council bosses high pay, etc? Frankly, the answers are unrepeatable on this site.
Great news! I've just asked my boss for a rise to cover this extra water cost, council tax, petrol increase, etc., etc. But, as with all staff at our company we shall enter our third fiscal year without a pay increase. We are all working harder to keep our jobs, whilst we hear of such increases all around us, that make us a 'bit' touchy. From other posters' comments on this site we don't think we are alone. Do we get a little hot under the collar when we hear of bankers huge bonuses, council bosses high pay, etc? Frankly, the answers are unrepeatable on this site. littlewhitebull
  • Score: 0

1:12pm Tue 5 Feb 13

Ubique5740 says...

The only good thing about this rise , if there is any good news about it costing more , is that it's not as high as other Water Companies.
The only good thing about this rise , if there is any good news about it costing more , is that it's not as high as other Water Companies. Ubique5740
  • Score: 0

6:29pm Tue 5 Feb 13

wyesider says...

Any rise in costs is not good news for many people. At least Welsh Water does not have to pay dividends to shareholders as it is a 'not for profit' company.
Welsh Water's website states:
"Since 2001, Welsh Water has been owned by Glas Cymru – a ‘not
for profit’ company. Glas Cymru does not have any shareholders
and this means that all profits are retained in the business and
reinvested for the benefit of Welsh Water’s customers.
Apart from this, Welsh Water is the same as any other company.
We have a Board of Directors and we raise money to pay for our
very large capital investment programme from investors who
buy bonds or lend us money. Welsh Water is the only UK water
company owned and financed in this way."
Any rise in costs is not good news for many people. At least Welsh Water does not have to pay dividends to shareholders as it is a 'not for profit' company. Welsh Water's website states: "Since 2001, Welsh Water has been owned by Glas Cymru – a ‘not for profit’ company. Glas Cymru does not have any shareholders and this means that all profits are retained in the business and reinvested for the benefit of Welsh Water’s customers. Apart from this, Welsh Water is the same as any other company. We have a Board of Directors and we raise money to pay for our very large capital investment programme from investors who buy bonds or lend us money. Welsh Water is the only UK water company owned and financed in this way." wyesider
  • Score: 0

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