Thames Water will reveal that it has met leakage targets set by water regulator Ofwat for the first time since 2000 when it reports results later this month. The water company is set to declare that it leaked 780 million litres per day in the last financial year, considerably below the target set by Ofwat of 810 million litres per day.
Apart from improving its maintenance procedures, Thames was also helped by a mild winter. Colder winters can cause much freezing and cracking of pipes which can have a dramatic effect on a water company’s leakage targets.
Thames Water were the largest PR casualties during last year’s hosepipe bans when it emerged that they were missing their leakage targets yet again. This was compounded by them increasing prices by a quarter between 2005 and 2010 and the fact that profits also rose last year.