Yorkshire Water has signed a multi-year agreement with Teccura, a consultancy that identifies lost revenue in energy.
The deal will allow Yorkshire Water to recover previously unidentified or unbilled revenue.
Teccura chief executive Kevin Kerigan told ELN that the lost revenue could equate to “many millions of pounds a year”.
Teccura uses specialist technology that allows it to identify and recover revenue that would previously have gone unaccounted for. Yorkshire Water supplies around 1.24bn litres of drinking water and treats another billion litres of waste water every day.
Yorkshire Water’s head of billing Jonathan Harding said: “Revenue analysis and recovery is absolutely vital to the utilities marketplace. Teccura’s work will help us to achieve our aim of charging all our customers fairly and equitably for their consumption.”