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.
- Water and energy use must be managed in tandem, says report Fifteen leading businesses, representing 11 different sectors, have committed to looking at their carbon-water management... Read More >
- Data ‘like oil' for water companies Data is an incredibly valuable resource for water companies, who must use it in the right way to harness it to the best... Read More >
- 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 >
- New direction: Is the industry ready for direct procurement? Ofwat's continued aim to drive efficiency and value for customers will see the introduction of a new direct procurement... Read More >
- Analysis: Assessing lane rental's pros and cons While lane rental may be popular with many, Robin Hackett hears why the majority of utilities and contractors are fiercely... Read More >
- Opinion: Action needed on product specifications and skills BPF Pipes Group president Derek Muckle calls for a basic engineering and procurement skillset to set the standard for what... Read More >
- Bioresource data leads to focus on sludge quality The recent publication of data about the quantity and quality of sludge produced at water company wastewater treatment... Read More >
- Opinion: Why the EA needs to rethink its charges hike AD operators will have little time to adapt to the shock increase in charges proposed by the EA, writes Anaerobic... Read More >