Next year the average household bill in Yorkshire will be in line with the current rate of inflation, with the average bill being £373, £6 lower than planned.
The company will also be publishing plans on Monday to keep bills in line with inflation from 2015-2020.
According to the company’s interim results, also published today, turnover increased by 5.1 per cent to £494 million for the six-month period ended 30 September 2013, compared with £470.1 million in the same period a year before.
Yorkshire Water said this was due to an increase in demand as a result of the dry summer, as well as domestic customers opting to switch from unmeasured to measured tariffs.
As a result of increased income and operating costs, operating profit (excluding exceptional costs) increased by 2.9 per cent to £179.6 million in the same period.
Richard Flint, Yorkshire Water’s chief executive, said: “Over the last eighteen months, we have listened to the views of more than 30,000 customers to help shape where we invest over the next five years and how that will impact on customer bills.
“We understand the pressures on households and that’s why we’re planning to keep bills in line with inflation for the next six years. This is a challenging plan that we are confident we’ll deliver through prudent financial management, sharing company efficiencies with customers and by reducing our returns to investors.”
Yorkshire Water also plans to invest more than £3.8 billion between 2015 and 2020.
Andrea Cook, Consumer Council Water regional chair, said: “Customers on low and fixed incomes struggle to keep up even with small bill increases and this will be of particular benefit to them. The decision reinforces that the benefits of improved performance can be shared by shareholders and customers alike.”