South West Water is freezing its charges until April 2015, and says it'll also keep average bill rises below inflation until 2020.
Customers could otherwise have seen the average household bill go up by 22 pounds next year.
The company says it can still deliver improvements to infrastructure without putting up prices.
Student flats to replace former Exeter nightclub
Six-storey block planned for city centre location
Torbay faces huge savings amid alarm bells over finances
Government urged to go back to the drawing board
New apartment block plan for old Exmouth gas works
Plans have been submitted for 26 homes
Frustration over cancelled Exeter elections
Opponents unite to demand Exeter elections
Push for fair education funding heading to Westminster
Devon politicians will head to the capital
19 Plymouth seats up for grabs in May elections
Plymouth won't postpone them
