SES Business Water launches self-supply alternative
Water retailer SES Business Water has launched a new product that offers businesses access to wholesale water rates, as an alternative to applying for a self-supply licence.
In the run-up to market opening, some business customers are considering applying for self-supply licences to enable them to access wholesale prices.
However, SES Business Water says that this requires a large amount of administrative work to set up and maintain, as well as significant levels of working capital to be invested.
The new product, called Wholesale Tracker Plus, will track the annual wholesale rate – the lowest cost allowed by the Water Act – and give businesses access to the most competitive prices in the market. The product negates the risk of self-supply and offers transparent wholesale water rates and low retail margins.
SES Business Water is offering a 28 day exit option with no penalty, rather than a locked in contract.
SES Business Water managing director Giuseppe Di Vita said: “Competition in the water market is all about offering businesses choice and challenging retailers to provide innovative products and solutions.
“Demonstrating transparency and value for money will be vital to earn businesses’ trust, which is why we have launched this product.
“Wholesale Tracker Plus gives businesses total peace of mind that they can access the wholesale market, without the extra work and capital required to go direct.”
-This is a version of an article which first appeared on Utility Week.
- Yorkshire Water to transfer business customers to Three Sixty Yorkshire Water has formally confirmed that it will transfer all of its non-household retail customers to its recently... Read More >
- Ofwat grants first water supply and sewerage licences Ofwat has granted water supply and sewerage licences to nine of the water companies which have so far applied. Read More >
- Ofwat consults on handling of water retailer insolvency Ofwat has launched a consultation on its new interim supply arrangements which lay out what will happen should a water or... Read More >
- Interview: Ben Jeffs, Chief Executive, MOSL “The whole industry has really mobilised around market opening, and the water companies deserve credit for that.” Read More >
- Close-Up: Who will be the big fish in the new water retail market? With a £2.5BN new market for non-domestic water retail to open in England in April, joint ventures, incumbents and new... Read More >
- Water Industry Procurement: could Brexit provide a fresh start? Could Brexit lead to a re-examination of the procurement rules which govern the water industry and other infrastructure... Read More >
- Industry View: Let's not drop the ball after PR19 There must be better alignment between PR19 strategic plans and actual delivery plans if water companies are to get full... Read More >
- Close-Up: From Sludge to Bioresources As a separate price control for sludge takes shape for PR19, who will be the winners from the new market for bioresources? Read More >
- Supply Network Manager Starting salary: Grade SF £30,767 - £41,226 Job description: Looking for your next career move in water supply? If so, we may have a fantastic... Read more here.
- Repair and maintenance ganger (team leader) Taunton Location: Taunton Starting salary: Dependent on experience and training certificates, plus standby allowance and call out Package: 45... Read more here.
- Repair and maintenance ganger (team leader) Yeovil Location: Yeovil Starting salary: 26,520 - 28,560 salary dependent on experience and training certificates, plus standby allowance and call... Read more here.
- Repair and maintenance ganger (team leader) Cossington Location: Cossington Starting salary: £26,520 - £28,560 salary dependent on experience and training certificates, plus standby allowance... Read more here.