NI Water has announced that it will increase non-domestic water and sewerage charges by 4.7 per cent on average from 1 April 2024.
Measured bills are set to rise by 4.1 per cent whilst unmeasured and trade effluent bills will rise by 5.3 per cent and 6.8 per cent respectively.
NI Water Director of Finance, Regulation & Commercial, Ronan Larkin, said:
"We are aware this is a challenging time for businesses and the economy. Like many of our business customers, NI Water continues to face significant financial pressures from continued high energy prices, high inflationary conditions, and other cost increases.
"Whilst any increase is of course unwelcome, we have worked hard to ensure most of our customers will see their bills rise by less than inflation.[1] Specific bill changes operate according to a formula agreed with the Northern Ireland Utility Regulator.
"NI Water continues to invest in water and drainage infrastructure to support health, the economy and the environment in Northern Ireland. Sustained investment in maintaining and growing this infrastructure is important to continue to meet the needs of all our customers.
"NI Water is mindful of the impact of price rises and it is therefore important that customers who may need extra help with their bill communicate with us as soon as possible. Our billing team will be on hand to offer guidance."
Customers can pay a bill, manage account (s) and view water consumption details through NI Water's online self-service portal.
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