In April 2017 the non-domestic water market is to become deregulated meaning that, for the first time ever, small- to medium-sized businesses will be able to choose who supplies their water.
And whilst the debate around private versus public ownership will rage on, what can't be denied is that deregulating the water market will allow businesses greater flexibility - and thus greater potential cost savings - when it comes to choosing their provider.
Look North for Inspiration
In order to understand the potential advantages of such a move, it's worth taking a look at Scotland's water market, which was deregulated in 2008 (a world first). In 2013, Business Stream, once part of Scottish Water but now its own entity, reported the following benefits of deregulation:
• 35 million pound's worth of water efficiency savings
• A 26% increase in customer satisfaction
• A saving of 16 billion litres of water and 28,000 tonnes of CO2
• A passing on of 30 million pound's worth of customer discounts
Essentially, then, Scotland's pioneering approach proves that a successfully deregulated water market leads to more efficient suppliers who waste less and save customers more.
Further, figures from IMServ, one of the UK's largest data management providers, suggest English SMEs could save up to 12 percent on their bill, inspired by suppliers seeking a competitive edge when setting their pricing policies. The drive to ensure transparency of consumption, as experienced in the energy market with developments such as smart meters, will also help reduce prices.
How Smarter Power can help
Over the years we've forged great relationships with energy providers, allowing us to negotiate cheaper rates for customers. And though April 2017 might seem a while away, we're already busy working with suppliers about ways in which we can do exactly the same with water.
So if you're interested in getting ahead of the curve and learning how you can benefit from water deregulation give us a call on 0330 333 4107.