Households in England and Wales owe almost £1.5 billion on their household water bills.
This is triple the amount owed towards gas and electricity bills - according to a report from researchers at the University of Leeds.
Despite this rising debt, which adds £11 to the average water bill, customers continue to see water as a disposable resource.
The need to reduce water waste is one of the pressing issues that will be debated at the launch of water@leeds on 11 November.
water@leeds is a the biggest university research group of its kind in the UK, which takes the novel approach of bringing together experts from the diverse fields of biology, chemistry, law, civil engineering, sociology, medicine, geography, environmental science, mathematics and computing.
The Environment Agency has called for the universal introduction of water meters to tackle the problem of water waste, but Adrian McDonald, a Resource Management Professor at the University of Leeds and a member of water@leeds, believes regional differences in water balances must also be taken into account.
UK households use 3 billion cubic metres of water each year, but residents in the densely populated south east use significantly more water than their counterparts in the north.
Professor McDonald said: "With all the people in the south east and all the water in the north and west, there are massive differences in regional water footprints and resource availability. What we need is regional targets for water saving, which may well be zero in some areas.
"Those households that are metered use less water, but the evidence that universal metering gives the same reduction, sustainably, is much thinner.
"Water demand management is about people and their behaviour and not about gadgets alone!"
This issue will be addressed by water@leeds, which will establish the top 100 questions facing the future of UK water management.
Headed by Professor Joseph Holden, at the University of Leeds School of Geography, water@leeds will focus on the big challenges facing the future of the water cycle such as climate change, urban development and a growing world population.
Professor Holden said: "The aim of water@leeds is to answer the major questions about water and its future security. To achieve this, scientists and policymakers must agree on how to focus our efforts in water management to ensure this vital resource is protected for generations to come.
"Our research focuses on bringing together science, engineering, technology and management for real-world water issues, most notably as a consequence of climate change."
For more information
Professor Joseph Holden and other water experts are available for interview, please contact Hannah Isom in the University of Leeds press office on 0113 343 4031 or email h.isom@leeds.ac.uk.
Notes to Editors