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.

Specifically with the November 2016 Retail Price Index implying an inflation rate of 2.2% we confirm that the resultant price increases for any class of customer are no greater than 2.4%.

The 33 groups have been summarised into 6 aggregate classes of customer and the table below shows the range implied for each of the six classes.
<h3>Impact of price increases applying 1 July 2017</h3>
<table style="height: 475px;" width="830">
<tbody>
<tr>
<td width="264">&nbsp;</td>
<td width="200">Range of price movements (%)</td>
</tr>
<tr>
<td width="264">Unmeasured household</td>
<td width="200">2.09 – 2.27</td>
</tr>
<tr>
<td width="264">Measured household</td>
<td width="200">1.90 - 2.18</td>
</tr>
<tr>
<td width="264">Unmeasured non-household</td>
<td width="200">1.86 – 2.05</td>
</tr>
<tr>
<td width="264">Measured non – household &lt; 10Ml</td>
<td width="200">1.88 – 2.07</td>
</tr>
<tr>
<td width="264">Measured non – household  10Ml – 50 Ml</td>
<td width="200">2.20 – 2.31</td>
</tr>
<tr>
<td width="264">Measured non – household &gt; 50Ml</td>
<td width="200">2.01 - 2.15</td>
</tr>
</tbody>
</table>
<strong> </strong>

The Board therefore 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.

<strong>Heather Benjamin</strong>
Non-Executive Director and chair of the Audit Committee

<strong>Helen Orton</strong>
Finance and Regulation Director