Deregulation of the commercial water market in England occurred in 2017 and yet five years on there are still a significant number of businesses unaware of the legislation and what it means for their water rates. In a nutshell, any business large or small including charities and the public sector can shop around for their business water supplier in the same way as they can other utilities such as gas and electricity.
Switching to a new business water company offers numerous benefits with the main being a reduced price and savings on your commercial water supply. Reducing any business overhead is always welcome but how can you find the right water provider for your business?
Finding the right water supplier
Finding the best water provider for your commercial water needs is not as easy as it may seem. While focusing on price is often the first thing to consider, it is not the only factor to consider as it’s important to look at all the different ways a water provider can support your business.
Consider whether good customer service and added value services are important to you. Do you want a transactional supplier and does the deal on offer complement your businesses water consumption? Of course, every water provider will claim they offer great customer service and value for money – and wading through the promotional bumph to see if they live up to their marketing hype takes skill.
One way to validate these claims could be through verified review sites such as TrustPilot where you can read the opinions of existing and previous customers, ideally you want a company with four or five star reviews. You should also be able to gauge their customer service values in the way they deal with your initial inquiry. Being helpful and open is always positive but run a mile from the hard sell!
Do you know how much water your business uses?
Water is a precious commodity even here in the UK and thinking about how much water your business consumes is the first stage of the process. Compare your water bills over the last few years and review both the amount of water you are using and the cost of your water consumption.
In additional to general water usage, the water that comes in to your business, you will also see a cost for wastewater, this refers to water from washing machines, dishwashers and toilets etc. and is the water that goes out of your business. You may be in for a shock to see how you are paying.
Even if you are a small independent business that only uses a little amount of water, discussing your usage with water retailers and switching over to an alternative can bring numerous savings to your business.
Compare the costs
Having done your homework, the next stage is of course, to look at the various quotes for your business water consumption. Make sure you have the relevant information needed including your annual water consumption and supply point ID or SPID as well as the usual business details. It may be difficult to compare like for like as suppliers use different ways to provide their costs and at first glance one company may look much more favourable to another – but you need to look at the detail in order to be locked into a bad deal for some time. It could cost your business a lot of money.
Let a broker do all the hard work for you
If you want to save money on your business water rates but simply don’t have the time or expertise to go through this level of detail, another alternative is to ask a reputable third party broker to do all the hard work for you. Instead of spending hours trawling through the various water providers you could ask the experts at Businesswaterquotes.co.uk to act on your behalf. Swop hours online and on the phone with a short form that takes a couple of minutes and leave it to the specialists to come back to you with a cost-effective rate for your business water supply from the most relevant water provider for your business.
It’s a no brainer!