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.

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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