In a move that is set to impact millions of households, water bills in England and Wales are seeing a significant increase this year. According to reports, water bills are set to rise by an average of 12.3%, placing a greater financial burden on consumers already struggling with the cost of living.

United Utilities and Pennon are among the companies planning to increase dividend payments amidst the rise in water bills, sparking controversy among consumer advocacy groups. This news comes as households are already feeling the pinch from higher energy prices and inflation rates.

The rise in water bills is attributed to the need for investment in infrastructure and the impacts of climate change on water resources. The cost of providing clean and safe water to consumers continues to grow, leading to these necessary increases in bills.

With the cost of living on the rise, many households are being forced to make tough decisions about how to manage their finances. Consumers are advised to explore options for water bill support and seek assistance if needed to navigate these challenging times.