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Water prices to fall 13% by 2020

Further information has been released by South West water detailing the final stages of its price-setting process which could see the average household bill fall by up to 13%* below inflation by the end of the decade.

Highlights of the Business Plan to 2020 include:

  • A bill reduction of up to 13% in real terms by 2020A price freeze for 2014/15

  • New technologies to maintain high quality drinking water, including a new water treatment works in north Plymouth

  • Expansion of the company’s renewable energy programme.

  • Ongoing support for the regional economy through jobs, apprenticeships and the use of local contractors and suppliers

Water bills to rise by 3.5% over the next year

The regulator Ofwat has announced average household water and sewerage bill in England and Wales is set to increase by 3.5% over the next year.

Households will pay an average of £388 from April 2013 to March 2014 - 0.5% above the rate of inflation.

Back in 2009, companies wanted bills rises of 10% above inflation. That didn't chime with what customers told us they wanted, so we said they could only increase bills in line with inflation.

We understand that there is huge pressure on household incomes, and any rise is unwelcome. Inflation is driving these increases.

– Regina Finn , Ofwat chief executive