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The Government has come under increased pressure to take tougher action against water companies for sewage overflows and service interruption are to invest more than £96bn to upgrade the water and sewerage network – but in return customers face an increase of £156 a year to average bills by 2030. It has pledged to introduce a raft of new measures, including building 10 new reservoirs to ensure supply security, and reducing leakage by a quarter compared to 2020 levels.
Last week Severn Trent, which services millions of households across the Midlands and Wales, raised £1bn from shareholders to help fund its £12.9bn plan. David Henderson, chief executive of Water UK said: “These record-breaking investment proposals will secure our water supply as we deal with a changing climate and a growing population.
Ofwat chief executive David Black said: “The water industry needs to deliver a step change in investment and performance to clean up our rivers and seas while also helping to ensure we can meet the climate change challenge.