Opening of the water market in England
27 October 2020, News release from SMS Plc
You may be forgiven for not marking that date in your calendar. What started a few years ago with great fanfare has somewhat dampened in recent times. The idea? To introduce a competitive market comparable to the Electric and Gas that emerged over 25 years ago. The issue, however, is that water is not a tradable commodity in the traditional sense and supplier margins are dictate by Ofwat every 5 years. Suppliers are quite rightly timid when it comes to promoting any potential like for like savings that market competition could induce. In fact, some large water companies have decided not to enter the market at all. *Thames Water for example, who had already been operating in Scotland, has decided to withdraw completely from the commercial sector.