Capita's Smart DCC to Seek Reduction in Ofgem's Proposed GBP24 Million Cost Disallowance

05:18 AM EST, 11/10/2026 (MT Newswires) -- Capita's (CPI.L) subsidiary Smart DCC will seek a reduction in the proposed cost disallowances by the UK's Office of Gas and Electricity Markets, or Ofgem, according to a Tuesday release. Ofgem issued a draft determination provisionally proposing to disallow up to 24 million pounds sterling in costs for the 2025/26 regulatory year. The London-listed business process outsourcing company said Smart DCC will engage with the regulator during the consultation period ahead of the final price determination in the first quarter of 2027. Capita noted that the data communications company recently transitioned to a not-for-profit service provider.