Under the Open Water Market, all eligible businesses within England and Scotland – as well as third sector charities and the public sector – can now choose their own providers who supply water, wastewater and trade effluent services to their workplace.
But, what exactly does this mean for your business?
Read on to find out exactly what this change means for you and your business and why it might just pay to shop around for a new supplier.
The Open Water Market In A Nutshell
The Open Water Market is a market deregulation whereby many businesses are now entirely free to shop around for which company they want to supply their water. This move was introduced in Scotland in 2008, and by 2017 it had been launched in England also.
The effect of its introduction could mean a sizable saving for you and your business and, not to mention, some perks you may not have previously considered.
The Benefits Of The Open Water Market
First and foremostly, the primary benefit of the Open Water Market is that you are likely to save much more money on your bills and charges – thanks to the increase in competition amongst water suppliers.
Now businesses can switch providers, and many suppliers are conveniently offering cheaper rates and tariffs. All in a bid to lure and/or retain business customers.
Water suppliers are also providing more access to businesses to allow them to become increasingly water-efficient. This means, long-term, bills should decrease.
Water providers are also clambering to provide increasingly superior customer service due to this new regulation – after all, who wants to remain with a company that insists you speak to generic internet A.I. bots when you really require a human to understand your complex issue?
To Switch Or Not To Switch Water Suppliers?
With the introduction of the Open Water Market, businesses have never had so much choice regarding who supplies their water.
So, where to start with that loaded question?
Firstly, it’s a good idea to contact your water supplier and ask them if there’s a better deal you could be getting. Since the introduction of the Open Water Market, business owners are finding that their suppliers are often more than happy to re-organise company contracts due to the threat of their clients jumping-ship to a new supplier.
If contacting your current supplier doesn’t yield positive results, you may find it’s time to switch your business water supplier to keep costs down.
Costs which could be utilised much more effectively within your business.
The Impact of The Open Water Market On Your Business
There’s no denying that the introduction of the Open Water Market has been a breath of fresh air and opportunities for many businesses within England and Scotland.
This change brings a new onus on businesses to ensure they are getting the value for money that they need and deserve.
So, if your business isn’t getting the treatment it deserves from your water supplier, don’t be afraid to take the plunge and switch providers.
Because, sometimes, the grass really is greener on the other side.