A good time to check your water rates
On the 1st April 2017 the remainder of the UK water market will de-regulate following on from Scotland pioneering such a de-regulation back in 2008.
This means that all businesses within England and Wales can, for the first time, choose which water supplier they want to use. Up until now only the very largest users of water in England and Wales have been free to switch suppliers.
Looking at how the market has matured in Scotland and the benefits that have been gained by businesses in the country it is exciting times for businesses within the rest of the UK once this de-regulation goes through.
In Scotland there have been significant improvements in the water market, including efficiency and customer service, and the expectation has to be that this will be replicated.
Similar to the UK electricity market before its own deregulation in 1998 the water market in England has mostly operated as a series of regional monopolies. This has quite often resulted in business customers with multiple sites having to deal with numerous different suppliers.
With so many water suppliers in operation across the country, this has led to confusion with non-standard billing between suppliers, poor customer service, and an increase in time and money spent on dealing with multiple transactions.
In Scotland these changes have brought over £35 million in savings and a 26% increase in customer satisfaction, lets hope England and Wales benefit equally well.
It is worth all businesses checking to see if they can make savings in this area, particularly those with a number of sites where suppliers and contracts can be aligned.
bira supply partner, Spiral Utilities, are offering all bira members a free check of their current water rates. Simply email a copy of your bill to email@example.com or fax it to them on 01204 282063. They will compare your prices to those available in the market and let you know if savings can be made.
Information provided by Spiral Utilities