Half Yearly Review

Alternate Text
We were pleased to be invited to speak at the Institute of Water and Future Water Association Conference ”Water Retail Competition – 6 months on” hosted by WRc at Swindon on 19th October 2017. Jon Wadley, Business Manager at Immerse, outlined the progress made since Deregulation of the Water Retail market since April 2017, from a Supplier’s Perspective. He commented on water being the ‘forgotten Utility’ with competition, usage and costs well understood in the gas and electricity markets, but not in water.
 
The opening of the non-household water retail market will allow for very small gains to be made by organisations – generally 0.5-1.5%. However significantly more savings can be achieved by reducing water consumption through water saving devices or minimisation/recycling – generally 20-40% and where appropriate developing new/alternate water sources such as boreholes, canals, rivers and lakes – 70-80% and more.
 
Water retailers have concentrated on the cost savings achievable through bill consolidation to encourage consumers to switch, but those retailers that grasp the much larger savings that can be achieved through water usage reduction will reap larger rewards.
 
Jon’s view is that it isn’t about how much you pay per litre of water but the number of litres you use. Those retailers that grasp this concept will gain market share over their competitors. It is clear that 6 months in, although some switching has occurred there is clear evidence that retailers are losing as much as they are gaining.
 
If retailers can’t or won’t offer these bigger savings then consumers can turn directly to suppliers like Immerse to deliver quantifiable reductions in their costs.
 

Other News

Margin Notes

Margin Notes

Britain used to be described as the nation of shopkeepers and yet the small to medium businesses that form the solid base of retail enterprise may be the very group that feel less than enthusiastic...

Go To Page

Mind The Gap

Mind The Gap

We have been speaking to small businesses in Scotland and one customer shared an interesting story. The more I thought about what we’d been told the more I thought this is surely a warning to...

Go To Page

Find & Fix Leak Detection Services – Food Manufacturer

Find & Fix Leak Detection Services – Food Manufacturer

A number of services were provided to this food manufacturing site. They included Water Audit – to assess the operation of the water supply system Environmental Inspection – to...

Go To Page