According to a report in today's Daily Mirror newspaper, water firms are set to face “an angry backlash” as they prepare to reveal profits of £2 billion.
Writing in today’s edition, Deputy Business Editor Graham Hiscott said that the expected bonanza has renewed criticism that they are putting shareholders before customers. Commenting on the upcoming announcements of annual results, Hiscott said
“ Suppliers have been raking it in on the back of record-breaking bills – but have still to plug massive leaks while complaints are surging. …..and industry regulator Ofwat has allowed inflation-busting prices.”
A briefing paper on the forthcoming results issued by Water UK, the body that represents UK water and wastewater service suppliers, has pointed out that today's average water bill would be £100 higher without the efficiency savings made by the companies. The paper also states that while water company profits can look high when compared with other sectors this is because their capital investment is high compared with other sectors. Water UK said
“It is meaningless to quote or compare profits without quoting the investment they allow and the rate of return to investors.”
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent.
Börger UK, which has firmly established itself as a leading pump brand since it was set up in Staffordshire in 2004, has moved into bigger, brand-new premises in Shrewsbury.
HUBER Technology UK & Ireland are inviting people to register for their March webinar where they will be providing information about HUBER water intake screens for municipal and industrial applications.
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
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