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Welsh Water Says Customer Bills to Remain Below Inflation Rate

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Nov. 14 (Bloomberg) -- Welsh Water Utilities Finance Plc, the largest water supplier in Wales, said its average household price rise for 2014-2015 will remain below the annual inflation rate for a fifth year.

Dwr Cymru Welsh Water confirmed the bill without providing an exact figure after publishing results today that showed the company invested 178 million pounds ($285 million) in projects and infrastructure in the six months to September. The average water and sewage household bill will rise 3.5 percent or about 13 pounds this year, according to the U.K. regulator Ofwat.

Welsh Water, like the second-largest publicly traded U.K. water utility Severn Trent Plc, has said its price rise from April will be less than the retail price index for inflation. A public debate on water bills in the U.K. has arisen after four of the biggest six energy suppliers raised gas and power prices last month at three to four times the inflation rate.

“Many of our customers are finding it tough to make ends meet and we are committed to keeping our own costs as low as possible and to help even more of our most disadvantaged customers through our range of social tariffs,” Chris Jones, chief executive officer of Welsh Water, said in a statement.

The sixth-largest water and sewerage company in England and Wales provides water and sewer services to more than 3 million customers.

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To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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