Businesses in England will be allowed to switch water suppliers in the future and this could potentially save £2 billion for the economy, it was announced today.
The news comes as Environment Secretary Caroline Spelman launched the draft Water Bill this afternoon in a bid to reform the water industry by driving innovation and opening the market to new companies.
Under current rules, only businesses which use large volumes of water have the choice of switching suppliers and any new supplier must negotiate with up to 21 other companies before entering the water market. Defra said the new Bill will allow companies to get more competitive prices.
Ms Spelman said: “This draft Bill will create a modern customer focused water industry and for the first time all businesses and other organisations will be able to shop around for their water and sewerage suppliers.