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Pennon says outperformance offset energy costs in first half

Pennon says outperformance offset energy costs in first half

Pennon, the parent company of South West, Bournemouth and newest acquisition Bristol, has said its performance remained on track in the first half of this year, despite volatile conditions and it anticipates outperforming on key ODIs during this year, which should "more than offset" rising energy, chemical and staff costs. The group, whose energy usage is 95% hedged, said its total energy costs are anticipated to be around £50 million higher than 2020’s £56 million total.

2 years ago

Wessex chair warns of ‘perverse consequences’ of PR24 framework

2 years ago

Ofwat kicks off third innovation challenge

2 years ago

Everflow beefs up senior team as it seeks to diversify

2 years ago

Affinity ramps up solar output

2 years ago

How are cost and carbon pressures driving energy innovation at Affinity?

2 years ago

Soaring energy prices add millions to UU’s operating costs

2 years ago

Non-household sector calls for metering focus at PR24

2 years ago

Thames downgraded despite £1.5bn injection

2 years ago

Balancing risk and security on the road to net zero

2 years ago

New water retailers double market share

2 years ago

Why Cadent is training field teams to ‘see’ customer vulnerability

2 years ago

Anglian launches AI in water treatment and recycling pilot

2 years ago

United Utilities tests 3D printed wastewater distribution chamber

2 years ago

Meet the Innovators: Dr Jo Burgess, Isle Utilities

2 years ago

Weekend press round-up: Starmer pledges faster transition from fossil-fuel electricity

In our latest review of sector coverage in national media, the Labour leader sets out his target for a fossil-fuel free electricity system by 2030. The party is also set to call for tougher penalties for water company bosses who allow the most serious sewage leaks. Meanwhile, newly released accounts for Ovo show the energy retailer feared breaching its financial covenants earlier this year.

2 years ago

Waterwise sets out strategy to save 1,500Ml daily by 2030

2 years ago

Wastewater complaints jump by a quarter

2 years ago

Amphibious innovation at Loch Ness

2 years ago

Ofwat urges water companies to trial new charging models

2 years ago

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