Severn Trent has released its annual results, showing the company had another good year by putting customers at the heart of its business, delivering real value for money and offering the lowest average combined bills in Britain for the ninth year running.
The water company, that serves over 8 million customers across England and Wales, has also delivered on a range of things that matter most to customers, including reducing sewer flooding and serious pollutions, as well as reducing water quality complaints.
Liv Garfield, Severn Trent Chief Executive, said: “I’m delighted that we’re getting the balance right for customers between great value for money and great service. We have the lowest average combined bills for the ninth year running, at less than £1 a day and we’re also helping more than 50,000 customers who need it most through a variety of initiatives.
“We’ve been able to deliver some significant improvements in the things our customers care most about - sewer flooding is down again, by 34%, and serious pollutions are down by 71%. We’ve also reduced water quality complaints by a further 12%. This means that on the whole, less customers are experiencing issues, which is just what we want.
“We’re really proud of these results which are testament to the hard work of my colleagues over the past year.”
Severn Trent also announced that it was operating more efficiently and had generated an extra £100m of savings, which it intends to invest back into the business to generate even better performance for its customers. The money will go towards a number of initiatives such as 20,000 extra pressure monitors in their network of pipes that mean that leaks and bursts can be spotted more quickly, and creating a new technical training academy, which will help to train and create the engineers and leaders of the future.
Liv added: “We’re really pleased with our strong performance this year, but we know there’s still more to do to. We won’t stop striving to improve things even further for our customers to make sure they have wonderful water every time they turn on their tap.”
