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<p> </p><p> </p><p /> <p>Water prices in England and Wales are reviewed by the independent
economic regulator Ofwat every five years. Water prices for the 2010 to 2015 period
were set in Ofwat's 2009 water price review.</p><p /> <p> </p><p /> <p> </p><p />
<p>The percentage change in the average cost (in real prices) of a combined water
and sewerage bill in England and Wales during the 2010-2015 period is as follows:
-0.6% (2010/11), 0.2% (2011/12), -0.1% (2012/13). The forecast for 2013/14 is 0.5%
and for 2014/15 around 2%. The changes year on year usually relate to the profile
of water industry investment agreed in the 2009 price review. For 2014/15, water companies
are taking steps to hold customer bills down and in some cases are giving up price
increases that were allowed for in 2009.</p><p /> <p> </p><p /> <p> </p><p /> <p>Ofwat's
2014 water price review is now underway and will determine water prices for the 2015
to 2020 period. Most water companies are proposing flat or declining bills from 2015.</p><p>
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