Now more than ever, businesses are looking for new and innovative ways to save money, and a lot of owners might need to realise how much there is to save in business water.
This guide will explore three ways you can drive down business water prices to save more money that can be reinvested back into the business.
You may already have implemented some of these strategies; others may be new; read on to learn more.
What is Business Water?
Business water refers to the water provided to businesses nationwide, such as offices, shops, factories and more. Business water is distinct from the water supply provided to residential customers, typically domestic water.
A business water supplier is responsible for sourcing and treating water and distributing it to customers. The supplier is often referred to as the wholesaler and is regulated by the government to ensure that the water meets quality standards.
On the other hand, you have a retailer like Castle Water responsible for selling water and wastewater services to business customers, and the retailer is also responsible for billing, customer service, and maintenance.
Now that you understand business water as a whole, let’s figure out how you can save on it;
Shop Around For a Water Retailer
The business water market in the UK was deregulated in 2017, meaning businesses can now freely choose their water retailer rather than being tied to their local water company. This has created more market competition, leading to increased choice and lower prices for businesses.
When shopping around for a new water retailer, you will want to look out for several factors, including:
Pricing: Compare the prices offered by various retailers and consider the terms and conditions of each contract, such as the length of the contract and any penalties for termination.
Service Quality: Consider the quality of customer service each water retailer offers, as many will have a poor reputation and responsiveness.
Water efficiency: Some retailers offer additional services to manage your water usage. This could be through water audits and efficiency assessments.
Billing and invoicing: Consider the billing and invoicing systems used by different business water retailers and ensure they are transparent and easy to understand.
By carefully evaluating the prices and services available from different water retailers, businesses can select the best option that meets their requirements and leads to cost savings on their water bills. In certain circumstances, businesses with high water usage or long-term contracts may secure improved prices or conditions through negotiation with their chosen water supplier.
Monitor Water Usage And Wastage
Monitoring water usage and identifying any areas of wastage is one of the biggest steps you can take to reduce consumption and lower water bills. By regularly tracking your usage and identifying any areas where more water is being used than needed, you can take the necessary steps to cut it out and save money.
Some of the ways you can do this are:
Fixing leaks: Regularly checking for leaks and fixing them promptly is an important step to reducing water wastage. Various factors, such as worn-out washers, damaged pipes, or faulty valves, can cause leaks, leading to serious problems.
Upgrading to water-efficient equipment: Replacing old, inefficient water-using equipment with more modern, water-efficient alternatives is a fantastic way to reduce water consumption and, for example, using low-flow toilets and showerheads or replacing old washing machines with high-efficiency models.
Train staff on water efficiency: Providing your staff with training on water-saving practices, such as reducing tap usage and making use of the new equipment, can drastically help reduce water usage in the business.
By implementing these strategies, businesses can decrease water usage, lower water expenses, and improve sustainability over time. Keeping a close eye on their water consumption and identifying areas where water is being wasted is a crucial initial step, as it enables businesses to recognise where improvements can be made and take actions to decrease water utilisation.
Take Advantage of Water Efficiency Schemes
Water efficiency schemes are designed to support businesses in reducing their overall water usage. These programs offer various financial incentives and support services to help businesses adopt better water-saving practices and reduce their environmental impact.
Some of the key benefits include:
Financial incentives: Many schemes offer financial incentives to businesses to take steps to reduce their water consumption.
Technical support: Many schemes offer technical support to businesses should it be needed, providing advice and guidance on where they can save money and water.
Access to resources and tools: Water efficiency schemes often give businesses access to a wide range of tools and resources to help them become more water efficient. This could include online resources, guides, equipment, or technology.
Water efficiency schemes are a great resource to have and are great in helping your business save money and be more sustainable in the future.
In Summary
Saving money in business is always at the top of the priority list. By saving on water, you benefit from your company’s expenses and do your part to help the environment.
Overall, reducing water costs is an important aspect of running any business.
What practices will you be putting into place?
