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.
Alison Hernandez secures third term as police and crime commissioner
She'll continue tackling major issues on her to-do list
How Exeter's traffic troubles influenced council vote
LTN campaigner ousts Labour candidate
Labour tightens grip on Plymouth City Council power
They've gained nine extra seats
Radio Exe newsreader to abseil down Exeter Cathedral
Josh Tate will descend over 100 feet on Saturday
Labour retains control of Exeter City Council
Despite losing a seat to the Greens and an independent
Colyford pushes for more action in ongoing spat with Colyton
East Devon District Council's been asked to intervene
