Severn Trent awarded fast-track status by Ofwat

Ofwat have scrutinised Severn Trent’s service plan for 2020-2025. This plan has been ranked in the top 3 in England and Severn Trent have additionally been granted fast-track status, meaning the water regulator is happy with the plans and has given the green light for them to go ahead. Severn Trent have focused on social purpose in their plans and these are some of their commitments:

  • “We’ll be offering our Severn Trent customers a real reduction in bills of more than 5%, meaning bills continue to remain the lowest average combined in England, as they’ve been since 2010.”
  • “We’re promising £6.4bn in investment over five years, while also helping nearly 50% more customers who are struggling to pay their bills;”
  • “We’re committing to an 8% reduction in all sewer flooding and a 15% reduction in leakage;”
  • “Every primary school in the region will have the opportunity take part in an innovative and immersive educational experience roadshow about water;”
  • “We’re creating a community dividend which will be given to local communities through volunteering, donations to the Severn Trent Trust Fund, and a new commitment to use 1% of company profits for community schemes.”