Half of Moneywise users would like the option to switch water provider
Over half of Moneywise.co.uk users (53%) would like the option to switch water provider, our latest poll results have found.
Currently, you have to stick with the water provider that services your local area.
But a recent report from industry regulator Ofwat highlighted how households could save £8 per year if competition was introduced, while it could also improve competition.
The government will now decide what to do.
Nearly three in ten (27%) of the 664 Moneywise users who voted in our latest poll, would like the option to switch water provider to save on their bill.
And while a further 26% of Moneywise users aren’t interested in a saving of £8 per year, they would like the option to switch provider for other benefits, such as improved customer service.
In contrast, 45% of those who voted said they’re not interested in switching water provider – 36% said this is because the £8 annual saving is too small, while 9% said that even if the saving was larger they think the market works fine as it stands.
See the full results in the pie chart below (click to enlarge).