Rates on the Rise?
According to a recent Probe Research Inc. report, increasing demands on available water supplies by industry, agriculture and expanding population have necessitated a reexamination of water resource management practices and related pricing policies. Utilities are recognizing that they must incorporate the ever-increasing capital costs associated with maintaining, replacing and expanding water infrastructure into their current pricing structure.
In its 2012 national research study, “A Clear Perspective U.S.A. 2012,” Probe Research revealed that, nationally, more than two-thirds (70%) of individuals relying on a utility for their drinking water supplies expect the price of their tap water to increase substantially within the next five years. One-fifth (21%) of these municipal system users did not expect to be paying significantly more for their tap water in the near future.
Do you think this report rings true for your utility? Has your utility implemented rate adjustments in 2012?