Total Gas & Power
Total Gas & Power is a business energy supplier, wholly owned by Total SA. It has been a leading business ...Read More
At the moment, most businesses don’t have a choice in who provides them with water. However, under the new rules, the water market will be opened up, with different suppliers vying for your business. Many are even predicting that water will be bundled with other services, such as broadband, electricity or gas.
Regulator Ofwat believes that opening up the market will allow consumers to seek lower prices as well as encourage innovation within the industry. It has been argued that the UK water industry is living in the dark ages, with few companies allowing customers to manage bills online or via app. Additionally, Open Water believe that the changes will lead to greater water efficiency, and reduced emissions from lower usage.
The changes will see firms buying batches of water from existing providers such as Yorkshire Water, Severn Trent or Thames Water. They will then sell water onto consumers. Due to the nature of the service, it’s predicted that energy and gas suppliers may enter the market.
United Utilities and Severn Water have reacted to the changes by teaming up to create a new business water retail company called ‘Water Plus’. However, whilst the changes are likely to see new suppliers enter the market, some suppliers have already exited, deciding instead to focus on domestic energy. In July, Thames Water announced that it will no longer serve business customers after April, and will instead transfer business customers to Castle Water.
The changes could particularly benefit multi-site businesses, who will be able to deal with a single supplier instead of multiple regional suppliers.
Theoretically, having a choice of providers should drive prices down, although Ofwat have underplayed this, stating that bills may only be reduced by an average of £8 per year.
Businesses that use over 50 megalitres litres per year have been able to switch business suppliers for some time. In Scotland, any non-household water customer can already switch suppliers. The new rules will remove the 50 megalitres threshold in England, and increase the pool of potential switchers to over 1million businesses.
Basically, if you have a business premises, and you use water, you should be able to switch.
Those businesses that use over 50 megalitres will have the option to apply for a retail water license and ‘self supply’ by buying water directly from the supplier.
Research has found that awareness of the changes among small businesses is low, with fewer than 1 in 10 aware that they will be able to switch suppliers from April. Despite this, 38% said they would be interested in switching once the market is opened up.
For more information see http://www.open-water.org.uk/
thank you nicole for your kind help to…
"thank you nicole for your kind help to set up my business electric account fantastic service and your personal touch thank you"This review was posted by Sam Raju on the 19th of February 2018
Aaron Gallagher recently helped me…
"Aaron Gallagher recently helped me switch the gas and electricity supply for our business. He was extremely helpful and well informed which was great for me as I know nothing in this area! He saved us a small fortune and dealt with all of the switch for us which again was extremely helpful as it wasn't completely straightforward. Thanks again for you help Aaron, it was so appreciated."This review was posted by Rachel on the 17th of February 2018
A better deal for our Village Hall
"I recently used this company to get a better energy deal for our local village hall. Other companies were quite pushy but Lorraine and Bhavni from SwitchMyBusiness were much more professional. They sent me useful information by email enabling me and the village hall committee to make a decision about which supplier to use. The switch was done by phone and when the energy provider sent the paper work to the wrong address Bhavni sorted it out straight away. I saved over £1000 for the charity."This review was posted by Irene Winter on the 16th of February 2018
"Lorraine was great and very helpful. We negotiated and received a good deal on our supply."This review was posted by Edwina Nash on the 16th of February 2018
The SME Personal Switcher
"The SME Personal Switcher, Lorraine Carey was really helpful."This review was posted by Cross Fabrications on the 16th of February 2018