Ofwat approves £104bn upgrade to accelerate delivery of cleaner rivers and seas and secure long-term drinking water supplies for customers

  • Investment set to quadruple – nearly 90% of this will go to meet new requirements set out by the Environment Agency, Natural Resources Wales and the Drinking Water Inspectorate
  • Almost £12bn allocated to cutting spills from storm overflows by 45% by 2030, from 2021 levels – more than £6.5m investment per day over the PR24 period
  • £2bn development funding to kickstart £50bn investment for the biggest programme of water supply projects in decades. In total, 30 major infrastructure projects will build greater resilience to drought by providing enough water to meet the daily needs of around a third of England and Wales’ population
  • Bills set to increase by an average of £31 each year over the next five years; a doubling of support for customers in need of a helping hand
  • Claw back mechanism to ensure money not spent on investment by companies is returned to customers through lower bills substantial, lasting, improvements for customers and the environment are set to be delivered through a £104bn upgrade for the water sector.

https://www.ofwat.gov.uk/ofwat-approves-104bn-upgrade-to-accelerate-delivery-of-cleaner-rivers-and-seas-and-secure-long-term-drinking-water-supplies-for-customers

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