NI Water reveals new business charges
Water charges for businesses are to go up by an average of 1.65% from April, NI Water has said.
The government-owned company has announced that non-domestic water and sewerage charge increases are again being held below the rate of inflation. The average increase of 1.65% means customers will still be paying 12% less, in real terms, for their water and sewerage services than they did five years ago, the utility said.
NI Water director of Finance & Regulation, Ronan Larkin, said: "The amount by which NI Water can increase customer tariffs is determined by the Utility Regulator, and indeed we could have increased tariffs by up to 2.56%, on average, in 2017/18.
"However, we believe our decision strikes a balance between generating sufficient income to allow us to continue delivering what matters for everyone who uses our services and minimising impact on non-domestic and business customers".
"NI Water was able to hold water and sewerage tariffs with no increase in the last financial year; however, since then, inflation has risen steadily, creating pressure on our operating cost base.
"We have however been able to ensure that not all of this inflationary pressure has been passed on to our customers".