UNITED Utilities customers will see bills rise by 32 per cent over the next five years while shareholders are set to see dividend payouts increase.
The Cheshire-based company has confirmed that bills will increase by 32 per cent over the next five years.
United Utilities serves around seven million customers across the North West and negotiated the bill increases with regulator, Ofwat, last year.
The increases will mean the typical billpayer in the UK will see their payments rise by an average of £86 this April.
The company has said that the bills will increase to pay for improvements to infrastructure and reduce pollution incidents.
Despite the fact that consumers’ bills will rise, the company will also raise dividend payouts to shareholders this year in line with inflation.
United Utilities' boss Louise Beardmore said the rise in bills would raise £13 billion to invest in its infrastructure across the north west.
She said the total was the ‘largest investment in water and wastewater infrastructure in more than 100 years’.
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