Strong start to financial year for Severn Trent - but bills still set to rise
Severn Trent says it has made a strong start to the 2024-2025 financial year.
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In the first quarter of the year the water group delivered more than £300 million of capital investment.
The Coventry-headquartered business remains on track for its guidance of £1.3 billion to £1.5bn for the year.
The news comes as household water bills in England and Wales are set to rise by an average £19 a year over the next five years – a third less than the increase requested by companies, under draft proposals announced by Ofwat.
The regulator said water firms proposed increases averaging £144 over five years.
