How business leaders avoid burnout
When you’re a small business owner the buck stops with you, which can make it incredibly difficult to sw...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/
"Mark was very helpful and had all the answers to the questions I had - would go back to him time and time. Thanks Sir"This review was posted by Wayne Nugent - Mailing Guy on the 20th of January 2017
Switch Business Electricity Contract
"Very good & efficient service - good range of prices offered from variety of suppliers"This review was posted by SALLY DOLMAN on the 20th of January 2017
Cheerful, helpful service.
"Aaron Gallagher was my contact at SwitchMyBusiness.com. Aaron was cheerful and helpful he made switching our electricity supply easy and painless giving an understandable explanation each step of the way. I would quite happily recommend this company and Aaron Gallagher to anyone given the task of arranging a new energy contract."This review was posted by Pam Johnson on the 19th of January 2017
Kyle Wright - Excellent Service
"Dealt with the above on two occasions now and has made the process of switching energy suppliers very easy. Very Polite and helpful person, will defiantly want to deal with again."This review was posted by Skyline32 on the 19th of January 2017
Made this a very simple transaction!
"Aaron was polite, friendly and extremely helpful, making this potential chore a very easy transaction. He explained everything thoroughly and answered all my questions and I feel very confident that the whole transition will go very smoothly and I am aware of what to expect as the process moves forward. Thanks Aaron!"This review was posted by Lesley Clayton on the 18th of January 2017