All homes to pay for water use by 2015
THE Government has promised to draw up a detailed plan for installing water meters in homes and creating a single water company by the end of April.
The new company will replace the water services provided by councils around the country.
The plan, which will contain a detailed timetable for the creation of a single water utility to be known as Irish Water, must be presented to the IMF and the European Commission within three months under the latest agreement signed between the Government and our bailout partners.
Environment Minister Phil Hogan will be responsible for creating the new company to replace the jumble of organisations currently investing in water provision.
Local authorities spend around €1bn a year on water provision but some still manage to lose as much as 48pc of the water through leaking pipes and other problems.
Mr Hogan will also be responsible for awarding tenders to install meters in all homes from the autumn and force people to pay for water as they use it.
Ireland is the only EU country that does not charge home owners for water consumption.
Under the terms of the sixth memorandum of understanding published yesterday, the Government commits to deploying water meters by 2015 when the bailout programme officially ends.