Severn Trent Water has issued proposals to make the water sector more environmentally and financially sustainable.1
The report argues that the water sector is at a pivotal point, 20 years after privatisation.
Company debt has risen from nothing to £33bn since 1989 while bills have risen by 45%. The company’s debt-to-equity ratio is now 72%.
At the same time energy use has gone up by 113%. Carbon emissions continue to climb, flouting government targets to cut emissions by 20% by 2020.