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Water companies have set out plans to cut bills for millions of consumers in England and Wales. Severn Trent and United Utilities said they would cut the average bill by 5% and 10.5% respectively. Thames Water said bills would be unchanged. South West Water said it would offer customers a stake in the business. The plans are being submitted by water companies in England and Wales to the regulator Ofwat for the five years between 2020-2025. Ofwat will publish an assessment of each company's plan in January 2019.
Water UK, the lobby group for the industry in the UK, summarised the plans submitted to Ofwat by the nine main providers and a number of smaller providers in England. It found average domestic water bills were planned to fall by more than 4% in real terms across England as a whole. The regulator said in December that the results of its price review would result in a cut in bills between £15 and £25 a year from 2020 to 2025.
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