Yorkshire Water receives performance reward as hosepipe ban kicks in
Yorkshire Water has received another bonus for hitting ‘leakage targets’ as profit soar 370% at the utility firm.
The figures have emerged as the company imposed a hosepipe ban across the Yorkshire region last Friday, following the driest and warmest spring for 132 years.
In its annual report, Yorkshire Water said it received a £42,000 ‘reward’ for exceeding a leakage reduction target, set by the regulator Ofwat, of 15% this year.
The company has exceeded its Ofwat targets for consecutive five years, earning itself m... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
