We’re working hard to deliver great value
Every time you pay your bill, the money helps us deliver life’s essential service and make important investments in our network and local communities.
Each year we reinvest around £1bn into improving our network. We’re the UK’s biggest water company, so it’s our responsibility to protect our major water source, the River Thames. Our large-scale projects, such as the Thames Tideway Tunnel and the Guildford Sewage Treatment Works relocation, are transforming our water and sewer networks to protect the environment and better serve our customers.
Where your money goes
24p on our essential services
As the UK’s largest water company, we deliver and recycle billions of litres of water, every single day
17p on our team
From engineers in the field to scientists in the lab, our 6,300-strong team works together to keep your water flowing.
4p on the government
We paid over £196 million in business rates, PAYE and national insurance contributions in 2019/20.
15p on our lenders
To invest in our network, we borrow money at efficient rates while keeping your bills as low as we can.
5p on reinvestment
We reinvest our profits to improve our service to you.
5p on powering our sites
We currently generate more than 23% of our own energy to help protect the environment.
30p on infrastructure
We’ve invested over £15 billion in infrastructure over the last 15 years, including for landmark projects like the Thames Tideway Tunnel.
How our charges are changing this year
All water and utility companies tend to raise their prices every year to cover the increasing costs of operating and rising inflation. But this isn’t the only thing that affects how our charges might change.
Another factor is targets. Every water company is set targets for finding, fixing and preventing leaks by our regulator Ofwat. If we don’t hit these targets we’re given financial penalties, which we pay by giving a leakage rebate on your bills – reducing your charges. When we do this, we’ll let you know on your bill how many days of free water this reduction adds up to.
We’ve recently performed excellently in finding and fixing leaks, so we’re giving a lower leakage rebate this year. This means from 1 April 2021, our bills will go up a little more than last time. For customers who receive water and wastewater services from us, bills will increase by between 4.5% and 4.6%. This is the same if you have a meter or not. Depending on where you live and your tariff, this will be an extra £12 to £25 per year, or no more than £2.10 per month if you pay by monthly Direct Debit.
For customers who only receive water services from us, the increase will be a bit higher (7.2%). For waste-only customers, it will be slightly lower (around 1.5%). This is because the biggest annual increase is to our water rates.
We’d like to help you keep your bills as low as possible – if you’re worried they’re too high, you’ll find advice to help you on our tariff pages.
A milestone achievement
In 2019/2020 we achieved the industry’s biggest reduction in leakage this century. Every single week we fixed an average of 1,400 leaks. Our smart metering programme across London helped us hit this record, seeing us reduce leakage across our 20,000-mile network of pipes by 15 per cent. If you have a smart meter, thank you for helping us reach this milestone achievement.