Water bills could drop by an average of £29 following a seven per cent cut by suppliers.
Anglian Water has announced the prices for the coming year will be coming down, while the company is hoping to deliver a multi-billion five-year investment programme.
The company said the average annual bill will reduce to £402 per year, or £1.10 per day. Customers with a water meter will pay even less, with the average bill dropping to £371.
Director of customer services Martyn Oakley said: “We know household budgets remain under pressure. So we believe this price cut is timely and coming at a time when customers tell us they need it most.”
The company is also hoping to invest £5 billion nationwide between now and 2020 including water main repairs, sewer maintenance, environmental protection and water recycling equipment.
Projects in Lincolnshire include around £3.5 million for flood partnership projects that will help to overcome the challenges of complex, multi-owned, and interconnected drainage networks, and £1 million maintaining and improving water mains in Freiston, Grimsby, and Scunthorpe, plus thousands more for other areas too.
Anglian Water also plans to invest £60 million on it’s ‘war on leakage’ in which it aims to protect customers and the environment from severe weather such as drought and flooding; and tackling the impacts of climate change.
For details, including support available for those struggling to pay, visit www.anglianwater.co.uk/charges