The Board of Portsmouth Water has assessed the effects its 2017/18 charges have on customers’ bills for a range of different customer types. These new charges will apply as of 1 July 2017.
The Board can confirm that no group of customers will experience a change in bills (both wholesale and retail) greater than 5% as a result of the proposed price changes. Over 30 groups of customer have been reviewed, including the average in a class and an upper and lower customer in the class as required by Ofwat guidelines.
The Board therefore can confirm that there are no significant changes to any charges as a result of the price changes, which will apply as of 1 July 2017.
Heather Benjamin
Non-Executive Director and chair of the Audit Committee
Helen Orton
Finance and Regulation Director
11th January 2017