United Utilities fined £800,000 for taking 22bn litres of water from aquifer

[Mr Gus]

https://www.theguardian.com/business/20 ... s-of-water

More on UU.
https://duckduckgo.com/?q=united+utilit ... &iax=about

They have also given £3 million to environmental groups apparently, but damage is done.

[Paul_F]

Same water which they then sold for £66 million to their customers... Nice work if you can get it!

[Mr Gus]

Thank you for the math paul, is it solid or was this operational profit for a year? (they are a big company)

[Paul_F]

Thank you for the math paul, is it solid or was this operational profit for a year? (they are a big company)

They sell water to their customers for £1.832 per m³ and charge a further £1.221 per m³ of water supplied for sewerage, i.e. £3.053 for every m³ of water supplied. Their costs are essentially fixed here - a water treatment plant costs the same if sitting unused or working flat out - so 22 bn litres (22 million cubic metres) works out at £67 million in increased revenue for virtually no increased cost.

[AE-NMidlands]

Thank you for the math paul, is it solid or was this operational profit for a year? (they are a big company)

They sell water to their customers for £1.832 per m³ and charge a further £1.221 per m³ of water supplied for sewerage, i.e. £3.053 for every m³ of water supplied. Their costs are essentially fixed here - a water treatment plant costs the same if sitting unused or working flat out - so 22 bn litres (22 million cubic metres) works out at £67 million in increased revenue for virtually no increased cost...

...apart from the chlorine and phosphoric acid put into it to achieve standard concentrations.
I'm surprised that they can say that they complied with the daily and the annual limits, but didn't bother to watch the 3-year moving average.