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South West Water bills 'could be cut by 7%' | South West Water bills 'could be cut by 7%' |
(35 minutes later) | |
The highest water bills in England could be cut by 7% if proposals from the regulator Ofwat are enforced. | The highest water bills in England could be cut by 7% if proposals from the regulator Ofwat are enforced. |
The figure for the next five years from South West Water (SWW) has been set out in a draft ruling that outlines the drop in an average bill before inflation. | The figure for the next five years from South West Water (SWW) has been set out in a draft ruling that outlines the drop in an average bill before inflation. |
Ofwat will make a final decision in December. | Ofwat will make a final decision in December. |
Last year, SWW announced standard tariffs and standing charges would be frozen until 2015. | Last year, SWW announced standard tariffs and standing charges would be frozen until 2015. |
The company's average water and sewerage bill for 2014/15 is £495, after a £50 special contribution from the government was taken into account. | The company's average water and sewerage bill for 2014/15 is £495, after a £50 special contribution from the government was taken into account. |
In 2014/15 the company is spending £160m on improvements including flood prevention, water quality and reservoir and sewage treatment. | |
SWW is the first of the big water companies to see a draft ruling on prices for the years ahead. | SWW is the first of the big water companies to see a draft ruling on prices for the years ahead. |
The company, which supplies Devon and Cornwall as well as parts of Dorset and Somerset, has about 800,000 residential customers across the region. | The company, which supplies Devon and Cornwall as well as parts of Dorset and Somerset, has about 800,000 residential customers across the region. |
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