Response to Ofgem statement regarding price consultation

Summary by AI BETAClose X

Capita reported Ofgem has opened a consultation proposing to disallow up to £24m of Smart DCC costs for Regulatory Year 2025/2026 (versus a draft £31m disallowance for 2024/2025), and Smart DCC will engage to seek reductions ahead of a final price determination in Q1 2027; Smart DCC, a wholly‑owned subsidiary that is not consolidated into Capita’s group accounts, operates a network connecting more than 39.2m smart meters across 23m homes and small businesses and has recently transitioned to a not‑for‑profit provider, meaning the draft disallowance could affect Smart DCC recoveries but has limited direct impact on Capita’s consolidated financials.

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Capita (CPI)
UK 100

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