When you're managing an SME, water business tariffs are just one of the many ways your business can drive down utility bills.
These tariffs, which can seem unnecessarily high at times, directly affect your bottom line. Have you considered how much of your budget is being swallowed by water costs?
Or what options are available to potentially lower these expenses by switching business water supplier?
By just spending some time, you can find ways to drive down those costs. Let’s break down how water business tariffs impact your enterprise.
What are Water Business Tariffs
Water business tariffs are fundamentally the rates that businesses in the UK pay for their water supply and wastewater services.
There are a few key areas that affect them, including the location of your business. Different water suppliers operate in various regions, and each sets its own tariffs. This means the amount you pay could differ considerably from what a similar business faces in another part of the country.
The size and nature of your business also impact these costs. It’s not always about how much water you use but the cost of wastewater services, which involves treating and recycling the water you discharge.
How can you get cheap water business tariffs?
You've got to start by understanding the specific water usage of your SME. Are you using water mainly for sanitary purposes, or does your business depend heavily on water for operational processes? This will help you figure out usage patterns.
Don't just stick with your current water supplier out of convenience. Shop around and compare rates from different suppliers.
Utilising online comparison tools can help you quickly identify cheap water business tariffs that suit your business needs without having to contact each supplier individually. This will also display trusted business water suppliers.
Don't hesitate to negotiate with suppliers. Especially if you're running a larger SME with considerable water usage, suppliers might be willing to offer better rates to secure your business.
How to manage and reduce water tariff costs
The best thing you can do to manage and reduce tariff costs is to adjust your water usage habits. Simple changes like fixing leaks, installing water-efficient devices, and training your staff on water conservation can lead to more savings than you would realise.
You should also assess your current tariff and compare it with other offers available in the market.
This goes back to the previous point about switching: always shop around and see what other people are offering/getting.
How smart metering can help SMEs
By installing smart meters, you can directly monitor your water consumption in real time. This access to data lets you identify exactly where and when you're using the most water, which helps make informed decisions about reducing waste and lowering your bills.
You're also adopting a more sustainable approach to resource management. You can detect continuous flows or unusual patterns of use, quickly alerting you to potential leaks or inefficiencies within your operations.
It can also give you data to make negotiations with water suppliers. With concrete figures, you're in a better position to discuss tariffs and can potentially secure more favourable rates.
A summary of water business tariffs
Don't let high water costs dampen your SME's success. Start comparing tariffs, adopt better water practices, and consider modern smart metering.
They are guaranteed to help a little, if not a lot. So why not get started today and start growing your wealth?
