South West Water massive investment
Pennon, South West Water's parent company, has confirmed plans to deliver record levels of investment across the South West, Bristol, Bournemouth and Sutton and East Surrey over the next five years.
It says the £3.2bn investment will see further improvements across the main customer priorities – securing safe, clean drinking water, reducing the use of storm overflows across the regions’ bathing waters and protecting the environment, with investments in renewables.
Bills for customers are forecast to increase for water services by £4 per month, and for sewerage services by £5 per month, one of the lowest increases across the Sector.
At the same time, the Group is announcing a £200m support package to make sure those customers who need assistance, get the right help, to pay their water bill, as it extends its pledge to end water poverty to 2030.
Pennon says that confirmation of pricing by water industry watchdog Ofwat signals the green light for the massive investment.
Susan Davy, Pennon CEO said: "This is on top of the £1.2bn we’ve already invested in our assets recently. We’re serious about making a difference now and in the future - our customers rightly deserve to see real change which we are already delivering. At the same time, we’re here to support customers to use less water, save more money as we do more than ever to support anyone struggling to pay their bill."
The four Priorities are:
Water Quality and Water Resilience: Investing in new treatment works, reservoirs, and addressing lead pipe issues to ensure clean and reliable water for all.
Tackling Storm Overflows and Pollution: Pennon pledge to eliminate storm overflows at bathing and shellfish waters by 2030
Delivering for Customers and Addressing Affordability: Despite doubling its investment program, Pennon say they are committed to keeping bills as low as possible and supporting people through the cost-of-living crisis.
Reaching Net Zero and Enhancing Environmental Gains: Pennon says it is dedicated to achieving Net Zero by 2030, investing in climate-independent water sources, and strengthening its environmental efforts.
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