Jul 17, 2023
Water firm lost £17m due to extreme weather
South East Water said last year's record-breaking heatwave and other extreme weather cost it about £17m during the last financial year. Revenue was up 2.5% to £257.5m. South East Water supplies about 2.2m customers in Kent, Sussex, Surrey Hampshire and Berkshire. South East Water said in a statement: "Whilst we acknowledge that the climate is changing, we have seen an exceptional combination of extreme weather events this year that has significantly impacted on our business operations and financial performance."While we have done everything we can to meet the exacting performance targets and rigorous environmental commitments that go even beyond our statutory obligations, extreme weather events have had a significant impact on our performance in the past year. Last month, South East Water imposed a hosepipe ban on customers. Chief executive David Hinton said the firm had no choice after demand for drinking water had reached "record levels" in June, similar to last year's drought.
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