Water companies are cutting bills down after Ofwat ordered the industry to lower annual bills by five percent over the next five years. Both England and Wales should experience lower utility bills starting next year and families indebted to the water company might have some, if not all, debts waived depending on finances. For more details, please click here:: Water bills set to fall by 9 pounds next year- and struggling households will share a pot worth 40 million pounds to help them pay their bills