Yes, business water rates tend to be cheaper than domestic rates, but there are a handful of factors that influence this, which may be the reason why you are asking this question.
Typically, it comes down to the nature of your business, its water usage (which is typically measured via a meter), and the value of the property.
Businesses often face unique water demands, leading to different tariff structures tailored to those needs.
It goes without saying that business premises are typically larger than domestic households and may use more water; the rates per unit tend to be lower.
The water industry is regulated annually by Ofwat, meaning rates are continually subject to change, making it vital for businesses to regularly review their options and conduct water efficiency audits.
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What are the differences? Domestic water vs. Business water
The main differences between domestic and business water come down to the level of choice and flexibility available.
Unlike domestic water, where you are typically assigned a single supplier based on your location, business water suppliers were deregulated in 2017, allowing businesses to choose their own provider.
This deregulation created a competitive market, giving businesses the ability to shop around for the best deal, negotiate cost savings, and select from a range of services like flexible payment options, consolidated billing, and water management.
How To Switch Business Water Supplier
Switching your business water supplier is easy, and it can significantly improve costs and operations.
The best way to start is by using online quote tools and comparing the prices, much like any utility service.
Once you’ve made your choice, the supplier will handle the switch for you. Half the battle is that the majority of businesses are completely unaware of the opportunity to switch suppliers.
Compare Business Water Suppliers
When you’re doing your comparisons, there are more factors worth paying attention to than just price/costs, such as:
- Billing Options: Look for flexible payment terms and consolidated billing if you have multiple sites.
- Customer Service: Check for quality support, most importantly, responsiveness; you can test this with a quick email inquiry.
Water Efficiency Advice: Some suppliers offer free consultations to help reduce water usage and costs. - Contract Terms: Be aware of contract lengths, renewal terms, and any hidden fees.
- Metering Options: Ensure you have access to smart meters or accurate readings for better control of consumption.
Does Your Business Need a Water Efficiency Audit?
A water efficiency audit is an effective way to understand how your business is using water and identify areas where you could save.
During the audit, a professional assesses your water consumption patterns, identifies inefficiencies, and recommends practical measures to reduce waste and lower costs.
This audit can reveal big savings, especially in larger business premises where water usage is hard to keep track of.
Given that business water rates are generally cheaper than domestic rates, a water efficiency audit can help ensure you’re making the most of those savings.
For more business news and expert tips, read more of our articles at The Business Media Group.
