Water is open for business… “From April 2017, nearly every business water customer in England will be able to choose who they pay for their retail services… You can choose to have one retailer for your fresh water supply and another for wastewater services or just have one for both… It could also help you save water, spend less and get more benefits.” Source: Open Water programme – UK government.
If you need more background facts relating to deregulation of the UK water market, here’s some resource information which may help you:
Ofwat: The economic regulator of the water sector in England and Wales: a non-ministerial government department established in 1989 when the water and sewerage industry in England and Wales was privatised. “The Water Act 2014 enables the creation of a new market for retail water and sewerage services to eligible business customers (businesses, charities and public sector organisations) in England. This new market will work effectively with the existing market in Scotland.”
Open Water: The UK government set up the Open Water programme of work “to deliver the competitive market by April 2017”. Key organisations responsible for delivering the market are the Department for Food, the Environment and Rural Affairs (Defra), Ofwat and MOSL. Defra oversees the framework of the market in England, the Welsh Government oversees the framework in Wales, Ofwat monitors the market and licenses retailers and wholesalers, and market operator MOSL develops/delivers core systems and processes.
MOSL: Market Operator Services Limited (MOSL) is tasked with delivering the core IT systems and processes to support registration, customer switching, and settlement between water industry wholesalers and retailers. It also offers its water company members “support and advice on their business readiness activities” as the deregulated market approaches.
The Waterbuyers can help you towards saving on your water costs when water deregulation arrives. Stay up-to-date with the latest water industry news by signing up for our water bulletin, “The Tide”, covering the state of the market, what we know, what our experts think – and the options open to you.