Water – it’s the only utility we couldn’t live without. Yet it is often forgotten in terms of monitoring utility consumption. Often the cost in comparison to a typical company’s electricity and gas expenditure is only a fraction of their overheads. However, with the English market opening next April, people are starting to sit up and pay closer attention.
A common misconception is that there is little anyone can do to influence their water charges. It’s likely this perception stems from UK householders being unable switch water supplier. This leaves reducing consumption as the only way to lower costs. That line of thinking has filtered through into the commercial market, but it is not really the case at all.
The UK water market is currently going through a transition period. The market will open in England in 2017 to help level the playing field and reduce end user costs. This has already worked to great success in Scotland since its implementation in 2008. All commercial sites in Scotland are able to freely switch their water supplier to obtain the best value for money.
With less than a year to go, it’s imperative that companies have a full understanding of their accounts. This will ensure they can negotiate the best deals available when the time comes.
Be prepared before you jump in
Commercial water charges are fundamentally more complex than residential charges, with greater opportunity for error. Commercial charges are based on a set of underlying prerequisites that are not always accurate. This can potentially lead to large billing inaccuracies and significant overcharges. Many businesses could be paying the wrong amount for an assumed consumption that isn’t reflective of their usage. Inaccurate bills mean switching supplier may get you a better deal overall but you’ll still be paying more than you should. That’s why it’s important to correct charging errors or leaks on site.
Undertaking a full review of your use and charges means that when competition takes effect next year, you can be sure you’re entering the market as water efficient as possible and have the best bargaining power achievable.
Prepare to take the plunge and switch supplier
There’s no need to wait until 2017 to think about saving on your water bill.
Our advice is to take action now to understand your usage early and actively improve your efficiency ahead of water deregulation in 2017. Our simple four step Water Solutions service will help get your savings flowing:
- Review – we’ll investigate your current charges and highlight opportunities to reduce wastage and costs
- Audit – this will drill into the detail of your usage and realise future savings, minimising wastage and improving water efficiency ahead of procurement
- Procure – lower your bills and improve your service via a competitive tender
- Manage – we’ll keep checking your bills, service and contracts, continually reviewing further opportunities to save money and improve your efficiency
To find out more about how our Water Solutions service can help you save money so you can splash out on your business, simply click here to download our guide. Alternatively you can call 01527 511 791 or email us.