From April 2017 the water industry will begin to deregulate.  The aim of this deregulation is to reduce the barriers to competition.  The water industry is worth £3 billion per year, with each water supplier holding a monopoly on its geographical area.  Ofwat asked the 14 regional water companies in England to split their businesses between wholesale (the infrastructure) and retail (customer service and billing).

If you are eligible, you will be able to:
• choose a new retailer for water, wastewater services, or both
• renegotiate with your existing retailer
• choose a new price and service package from your chosen retailer

If your site is used only for business and your existing supplier is based in England, it is likely you will be eligible to switch from April 2017.  You can start to negotiate deals now but will only be able to switch from April.  It may be worth utilising the expertise of a specialist company to go into the market place and get the best deal for you and streamline contract dates to enable you to gain a better price, without taking time out of your day.

A number of clients have done just this with average savings of 24% on energy and office costs. If you would like further information, please contact Harry at harryedwards@fcgagric.com