The upcoming changes to water company charges are imminent. We have provided detailed information on our website about what these changes look like and what it means for you . In order to make the most of the income offset payments, wherever possible mains must be installed and tested and connections completed within two weeks of the 31st March deadline to allow for full completion and submission of necessary documentation. Each water company has a different procedure for transitioning to the removal of income offset. Alongside understanding the financial impact this will have on your future developments, it’s important you understand what this means for your current developments. To help make these changes as easy as possible for you, we've detailed each water companies' approach for claiming income offset for your existing agreements. Click the link below to read the full article. https://lnkd.in/dHC-wgdm #Ofwat #WaterConnections #NAV
From the 1st April 2025, water companies are updating their water charges for new connections and this year sees significant changes. Income offset, a payment per plot which helps reduce the upfront costs of connecting to the water network, will no longer be available for new or existing developments from this date. Introduction of an environmental component, a charge made by the water companies for connecting a plot to their network, and regulation of environmental incentives are being put in place, to promote water efficiency, and sustainable drainage solutions. By using Energetics for your water and wastewater connections, you'll continue to receive asset value on your developments, helping to mitigate the impact of the removal of the income offset.. That’s because we’re part of Last Mile Please note, charges vary by water company, use the link below to access the water companies charging statements applicable to your area. https://lnkd.in/dawgxQf We will be covering these changes, and more on our water and wastewater service at our Breakfast Workshops next month. Secure your spot now by clicking the link below. https://lnkd.in/eWP9w4qz Rachel Salter Jon Hall Lisa Gunn