For-profit water companies usually hike household water prices after buying municipal water and sewer systems. Many companies employ an aggressive rate increase strategy to recoup their investment and boost profits, usually aiming for a new hike every other year. Over time, this can add hundreds of dollars to a consumer’s annual water bill.
Increasingly Expensive Water Service: A Survey of 10 Large Sales
Food & Water Watch examined how water prices changed under private ownership following the 10 largest known sales of municipal water or sewer systems to forprofit companies in the last two decades. Most of these transactions occurred in the late 1990s and early 2000s. By 2011, after an average of 11 years of private control, water bills in these communities had nearly tripled on average.