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Anglian Water has proposed to spend more than £9 billion over the next asset management period – an increase of more than two thirds when compared to £5.3 billion of total expenditure allowed by Ofwat in its final determinations for PR19.
Under its PR24 business plan for 2025 to 2030, the company said its expenditure on the environment would more than double to around £4 billion.
Excluding inflation, average bills would initially rise by £40 from current levels to £535 per year but eventually grow by almost £77 in total to around £571 per year. Anglian said it would have the capacity to provide financial support to 300,000 customers each year, including providing a 50% bill discount to 230,000.
The company said it would spend £517 million tackling storm overflows and increasing wastewater treatment capacity to cut spills from overflows by 17%. It would also spend £210 million improving water quality and £308 million on enhancing resilience.
Anglian said it is aiming to cut pollution incidents by 41% over the period, and to this end, the company plans to invest £264 million in monitoring. It has proposed to spend £638 million on nutrient removal and sanitary parameters.
To deliver its Water Resources Management Plan, Anglian said it would spend £534 million on interconnectors, £233 on strategic regional options and £256 million on other supply side improvements. This expenditure would include planning for two new reservoirs.
It also wants to spend £137 million on metering to complete its smart meter rollout by the end of AMP8, £35 million to reduce leakage by 8% to 152 megalitres per day, and £22 million on other demand-side improvements to cut per capita consumption by 6% to 124 litres per day.
The company said investments to accommodate the region’s rising population, which is expected to grow by 700,000 over the next 20 years, would total £476 million.
Anglian said it would additionally spend £153 million on decarbonisation plus £199 million on achieving a circular economy.
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