Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, August 23
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Utilities»United Utilities profits double as it hikes water prices in North West
    Utilities

    United Utilities profits double as it hikes water prices in North West

    May 15, 20253 Mins Read


    The North West water supplier hit its more than seven million consumers with a steep rise in water bills

    North West water company United Utilities has seen profits double since last year after hitting customers with a sharp increase in bills.

    Over seven million people across the region use United Utilities, and are seeing their water bill rise by an average of 32 per cent over the next five years.

    April 2025 saw the sharpest increase yet, with the average household seeing their water bill going up by £86.

    Join the Manchester Evening News WhatsApp group HERE

    Consumers were left fronting the £13.7 billion cost of upgrades to the company’s network of pipes and sewers after accusations that United Utilities was illegally pumping raw sewage into Lake Windermere.

    The increase in bills, which has come alongside rising costs in nearly every household expense, were intended to fund the infrastructure upgrades.

    But now it has emerged that for the year ending March 31, United Utilities’ pre-tax profit had doubled to £355 million.

    The company also confirmed on May 15 that it will increase the dividend pay out to shareholders by 4.2 percent to 34.6p

    Chief executive Louise Beardmore has defended the company’s record, drawing attention to it cutting sewage spills per storm overflow by a quarter in 2024.

    She said: “We have delivered another strong set of results for customers, communities and the environment in the North West.”

    Her comments despite United Utilities recently being accused of failing to report that it had dumped over 100 million litres of untreated sewage into Lake Windermere over a period of three years.

    Ms Beardmore told MPs in February that the company’s record on flooding and sewage spills “isn’t good enough.”

    In 2024, Ms Beardmore took home £1.4 million. This included her base salary of £690,000, as well as benefits, bonuses, and long-term share awards.

    Privately run water companies in the UK have been the focus of increasing public outcry over pollution and increases in bills alongside executive pay, bonuses, and high shareholder dividends despite the enormous infrastructural problems in the UK’s water network.

    Trust in private water companies is at an all time low, with 53 per cent of households believing that the amount water companies charge is fair, down 2 percent from last year on the Consumer Council for Water’s (CCW) annual Water Matters study.

    This year Labour MP Clive Lewis put forward a bill in parliament which proposed a “three strike” policy if a water company was found responsible for a spill.

    The first would see shareholder pay outs suspended, with the second being a “last-chance saloon.”

    Addressing a third strike, Mr Lewis told MPs in the Commons that “those price-gouging, asset-stripping, river-killing, vulture-capitalist outfits, they’ll be rolled into the sunset without a penny in compensation.”

    Mr Lewis’ bill was blocked by Keir Starmer’s government, who said that it would cost too much to implement.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleLe jeton soutenu par Bitcoin YBTC vient à SUI alors que Bitlayer intègre son pont Bitvm vers le réseau SUI
    Next Article Transcript : Equites Property Fund Limited, 2025 Earnings Call, May 15, 2025

    Related Posts

    Utilities

    How power utilities can build resilient mission-critical OT networks

    August 16, 2026
    Utilities

    Iranian Hackers Target US Water Utilities: What We Know About the Attacks on Critical Infrastructure – AndroGuider

    August 14, 2026
    Utilities

    Utilities Were Supposed to Be the AI Trade. They’re Up 4%. The Electrification Fund Is Up 31%

    August 14, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Property

    China, US locked in lose-lose tech battle whoever wins White House, experts say

    October 9, 2024
    Finance

    Telegram to Benefit From Altery Embedded Finance Solution With New Partnership

    July 22, 2024
    Stock Market

    Why USA Rare Earth Stock Plummeted 15.7% Last Month But Has Climbed in March

    March 4, 2026
    What's Hot

    Crude Perplexity as Oil Spikes While Trump Card and Iran Blinks Remain Unclear

    April 7, 2026

    Amentum joins United Utilities’ commissioning framework

    April 26, 2026

    Bulls Bet on Fed Rate Cuts To Drive Bond Yields Lower, But There’s a Catch

    September 14, 2025
    Most Popular

    Crypto Analyst Says ‘Mother of All Squeezes’ Incoming for Altcoin That’s Currently Outperforming Bitcoin

    August 16, 2024

    The One Thing Every Investor Should Know About the Stock Market Right Now

    September 12, 2025

    Sovereign Funds Buying Bitcoin Dip, MidChains CEO Says

    June 28, 2026
    Editor's Picks

    India, China Hold Talks On Management Of Border’s Western Section, Agree To Maintain Peace | India News

    October 28, 2025

    Major Indexes Open Higher After Sell-Off; Nasdaq, S&P 500 Poised for Weekly Losses; Bitcoin Sinks Near $60,000 Before Rebounding

    February 6, 2026

    Long Beach Utilities Department warns of employee impersonation scam – NBC Los Angeles

    October 12, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.