However, bills received by individual consumers will vary, depending on their tariff, supplier and location. To assist those wondering whether they’ll be making a saving this year – and, if so, by how much – Your Money has compiled two tables.

The first, below, details water bill savings by firm.

The second, below, outlines savings by region.

As you can see, the largest cuts are being made by Anglian, Wessex and Southern Water services. As a result, customers in Bristol can save as much as £34 on their water bills this year; customers in other areas of the UK (e.g. Essex) may not see savings at all. Some could even be charged more this year.

The reductions follow a successful campaign by industry regulator Ofwat to impose price controls on water bills; bills are to be reduced by 5 per cent in real terms in the next five years. Prior to Ofwat’s campaign, a third of a customer’s bill went directly into their supplier’s coffers, compared to 9 per cent in the energy sector.

Almost one third of an average annual household bill – more than £100 a year – goes on profit to water firms. This compares to 9 per cent in the energy sector.