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.
- Avoid competition pitfalls, says new CCWater research The pitfalls that have affected other competitive markets must be avoided when competition opens up in the water sector in... Read More >
- Ofwat to set three-year price control for NHH retail Ofwat will set a three-year price control for non-household retail activities from 2017, after the proposal received... Read More >
- Defra consults on non-domestic retail exit plans Defra has gone out to consultation over government plans that will allow water companies in England to exit the... 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 >
- Head of Engineering Our members control and maintain the critical national infrastructure that delivers the gas and electricity services into our homes and... Read more here.
- Assistant gas to grid engineer GENeco is a multi-award winning recycling and renewable energy company. We were created by Wessex Water in 2008 to help our parent company... Read more here.
- Chief Executive Officer The Electricity Association of Ireland (EAI) is the representative body for electricity producers, retailers and distributors on the island... Read more here.