The region's water company will be allowed to charge customers an extra £88m after it over-performed against watchdog targets.
Severn Trent has been rewarded for its efforts to meet Ofwat targets – and will be permitted to add a potential £88m to customers bills for 2024/25 – although the company can choose not to.
He said:"Today’s announcement from Ofwat will not lead to a direct increase on bills next year, instead our bills will be in line with inflation. It did conclude the firm was poorer than the benchmark for drinking water quality compliance, listing the reason as being partly due to"higher incidents of bacteriological failures at water treatment works compared to 2021".
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