On the 1st of April 2022, Ofwat, the water regulator, introduced a one-off increase in supplier default rates, designed to protect the water industry from increased levels of bad debt caused by COVID-19.

The one-off increase is hitting businesses across the country along with the usual annual inflationary increase in the wholesale cost of water.

The effect of climate change and growth in the population is making the water network ever more expensive to maintain. These costs are ultimately being passed onto businesses in the form of increasing bills. Here’s how you can combat the increase in water rates:

What can you do to reduce your business water bills?

Following the price increase for the 2022/23 financial year, it’s time for business decision-makers to look into how they can reduce business water bills.

Here are a couple of ideas on how to combat the rising water bills:

Compare business water suppliers – Newly constructed properties will pay water bills to the default regional supplier with expenses out of contract rates.  By comparing different quotes, you can see how much you can save by switching to a more competitive retailer. It’s easy to do all you need to enter is your postcode and a couple of key details.

Reduce your overall consumption – by reducing your overall water consumption; you can save a considerable amount of money. There are plenty of ways you can reduce your overall water usage as a business; here are a few ideas to get you started:

• Tap aerators
• Cistern reduction devices
• Switch to a water supplier that provides water efficiency initiatives
• Rainwater harvesting
• Checking for small leaks

Use a borehole – borehole water supplies are a great way to save money on your water supply. There is an initial outlay on a borehole, but it gets covered by the annual savings. A borehole allows you to reduce both by extracting clean water directly from the ground beneath your property. Other benefits include;

• You become self-sufficient as a business when it comes to water supply reliability.
• Better for the environment

Use AquaSwitch to compare business water suppliers and switch to competitive business water rates.