A new pioneering asset management research report commissioned by the UK water industry says that UK water companies will need to significantly increase infrastructure investment – with significant implications for customers’ bills. The report is warning that the estimated effect the additional investment will have on bills will be an additional 0.7% increase year-on-year to 2050.
The report, which is shortly due to be published by UKWIR, will show that UK water companies need to significantly increase levels of expenditure in infrastructure, both in the medium and long-term if current service standards are to be maintained.
Severn Trent Water has withdrawn its original application to exit the business retail market. However, the change is understood to amount to a temporary delay relating to the company’s acquisition of Dee Valley Water rather than a strategic change of heart. The company is understood to have withdrawn its original application issues (thought to be related to Dee Valley Water) are sorted, with a mind to reapply to exit in due course.
Severn Trent is reminding its customers to always check the identity of callers claiming to be from the water company after a recent incident. This follows a report of a burglary in Sutton Coldfield, where individuals claimed to be from the company in order to gain access into the home.
South West Water has been fined £1.8 million following the death of 54-year-old Robert Geach. Truro Crown Court heard Mr Geach, a catchment operator, was working on the sand filtration unit of the Falmouth Waste Water Treatment Works on 30 December 2013 when a colleague discovered him face down in water. He died at the scene having drowned. South West Water pleaded guilty of breaching Section 2 (1) of the Health and Safety at Work Act 1974, was fined £1.8 million and ordered to pay costs of £41,607.71.