NI Water to increase bills for businesses

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NI Water to increase bills for businesses
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Businesses in Northern Ireland are facing an above inflation increase in water charges.

BBC News NI economics and business editorThe average increase of 13.4% will also apply to other non-domestic customers like schools and churches.

NI Water said it had "absorbed as much cost as possible" but was facing "significant financial pressures" from rising energy prices.The water system in Northern Ireland is mostly funded by government resources rather than consumer charges. NI Water is government-owned and mostly funded by the block grant provided to Stormont by the Treasury.

Specific bill changes for non-domestic customers operate according to a formula agreed with the Northern Ireland Utility Regulator.NI Water director of finance Ronan Larkin said measured customer bills will rise by 12.7%, while unmeasured and trade effluent bills will rise by 13.7% and 15.5% respectively.The increases will mean a shop or small office unit, connected to sewer, using 285M³ of water, will pay £478, a rise of £54 per year.The increases will take effect from 1 April.

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