Rising water bills will help fund £318m of investment in the region over the next 12 months, Yorkshire Water said.
The Bradford-based utilities firm has announced that from April 1 its customers’ annual bills for water and sewerage will rise by an average of just over one per cent - or £5 - to £366 per year.
Attributing the rise largely to inflation, Yorkshire Water said its bills will be the second cheapest the UK and £33 cheaper than the national average.
Only Severn Trent’s average combined bill works out cheaper (£329). The highest prices are paid by South West customers (£488).
Richard Flint, Yorkshire Water’s chief executive, said: “The slight increase this year has been agreed with Ofwat and is largely due to inflation and the simple fact that the price of many of the products and services we use as a company has risen.”
The firm’s price increase comes in year two of an £3.8bn investment programme to 2020, which includes better water treatment works for Hull, Whitby and Sheffield, new storm tanks and river improvements.