2019 price review: water bills set to fall according to water regulator, Ofwat
7.9m households in the North West, South West and Midlands could see their water bills fall by as much as £70 before inflation by 2025, after Ofwat published draft decisions on plans put forward by United Utilities, South West Water and Severn Trent.
Ofwat’s draft decisions for 2020 to 2025 would also mean these three companies spending £1.2 billion on improving the environment to reduce pollution and clean 4,500km of rivers, and investing in infrastructure, such as £80 million to start improving the Haweswater aqueduct serving Manchester and the Pennines.
By 2025, the three companies would need to cut leakage by at least 15% and provide help for 300,000 customers struggling to pay.
By becoming more efficient and embracing innovation, Ofwat found these companies can continue to keep bills down while delivering the investment needed to make sure there is enough water for everyone.
Ofwat Senior Director, David Black yesterday said:
“We’ve been very clear that we expect water companies to deliver for customers and the environment and that companies can secure both of these outcomes. Severn Trent, South West Water and United Utilities all stepped up to the mark with their plans.
Our draft decisions for these companies show that investment in service and infrastructure can go hand in hand with more affordable bills.”
Notes to editors
To view Ofwat’s early draft determinations in full, click here
Future milestones for 2019 price review:
- 18 July 2019: Ofwat will publish draft determinations for the remaining companies.
- 11 December 2019: Ofwat will publish final determinations for all companies.
- 1 April 2020: Ofwat’s determinations affect customers’ bills
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