Risk.net

Water faces rising costs

barry-leighton-jpg

UK water sector participants are taking the first steps in a long-term rethink of how they manage their energy risks. Water companies’ environmental liabilities are on the increase as a result of UK and European Union (EU) legislation, and the regulator, the Office of Water Services (Ofwat), is pushing for more operational cost savings through greater efficiency.

Compared with other major energy-consuming industries, such as chemicals or forestry, energy management in the water sector has