Most English businesses pay out-of-contract business water rates, which will increase in April 2022 due to the Covid-19 pandemic.
The water market was deregulated in 2017, allowing businesses to choose their water supplier. Running a business comes with many challenges, and understandably, thinking about changing water suppliers comes pretty low on the priorities list.
Ofwat, the water regulator, is allowing business water suppliers a temporary increase in out-of-contract water rates to protect the industry from the effects of covid increases in bad debt.
Most businesses remain with a default business water supplier paying out-of-contract rates.
When do business water rates increase?
Unlike energy, changes in business water rates occur only once a year. Every April, the default rates for water increase with inflation as the cost of maintaining and operating the local water network increases.
April 2022 is different; not only will businesses be hit with the usual inflationary increases, but they will also be charged more due to Ofwat’s decision to raise the price cap.
AquaSwitch provides the solution; we help businesses move away from default contracts and switch to a fixed-term water contract with alternative suppliers.
With AquaSwitch, businesses can lock in cheaper business water rates for an agreed contract, just like they currently do with electricity and gas contracts.
See how much your businesses can save today with the AquaSwitch business water comparison tool.
Why should you switch water suppliers as a business?
Here are a few reasons you would consider switching water suppliers; it’s not always financially motivated. Here are three reasons our customers choose to change water supplier:
Better customer service
Billing and charging complaints are common in the water industry due to a lack of investment in customer service. You can benefit from better customer services by making a switch to a water supplier that makes more of an effort to resolve customer issues.
Become environmentally friendly
Commercial water suppliers are now offering green water tariffs to help offset the environmental impact of a clean water supply.
See if your businesses can save money and the environment by switching to a green tariff today.
Save money on your business water rates
Comparing and switching water suppliers is easy, and businesses can immediately save up to 10% on total water rates. Switch business water suppliers today. You can also lower your businesses' energy costs as a whole by using our business energy comparison tool.
