The benefits of an open water market
Water procurement has become much easier! Since April 2017, eligible businesses and other non-household customers in England are able to choose their supplier of water and wastewater retail services.
The benefits that up to 1.2 million eligible customers could see will depend on the individual requirements of each business. But, in a competitive market, customers will be able to negotiate with retailers for the best price and service package to suit their needs.
As well as greater choice, customers can expect to save money and save water through lower bills and increased water efficiency.
Tailored services and bundled packages could also see customers benefit from better deals for their business.
A competitive water market is also expected to deliver over £200m of benefit to the UK economy and bring significant environmental benefits too.
In the new market, retailers will compete with each other to win customers. One of the ways that they will try to do this is by offering higher standards of service as well as lower costs.
Customers with more than one premises may be able to deal with only one supplier for their water and wastewater services, which could reduce paperwork and administration costs.
According to leading think tank Policy Exchange, one business customer who receives over 4,000 paper bills a year for their different sites could save £80,000 to £200,000 per year in administration costs if it:
Moved to a single supplier for water and wastewater services
Received a single electronic bill
A Greener Solution can offer water procurement services to organisations of all sizes, to compare costs and advise on the most suitable supplier for your needs.
The water market de-regulates officially on 1st April 2017, but we can start shopping around for the best deal now. Give us a call on 0191 500 9786 to get the process started, or click the button below.