Water Rates explained
Water rates are based on your homes ‘rateable value’. If you are a very heavy water user or if you use hardly anything the price paid is the same.
Rateable value is a very out of date for most properties. It tries to be an indicator of what the property could be rented for. It was calculated as a way of charging property rates. These were abolished in 1990 being replaced with a plethora of taxes since.
Even though the rate set for your home is very out of date there is no plans to update the calculation basis.
Water Meters Explained
A water meter is a device that is fitted outside your home by your water supplier that measures how much water you use. You will then be charged based on how much water you use.
Which is best
It depends. On average people with a water meter pay less in England and Wales than those on unmetered water. Most water companies claim big savings if you switch to a meter. Beware though, as it may not be possible to switch back.
Your water sewerage bill will also be based on your metered water as well (there are some savings if you are not on mains drainage). They work on the principle that what goes in must come out.
Before you decide on a water meter you should check that installing a water meter is financially beneficial. Your water company will be able to estimate the costs for you.
How much does a water meter cost
Most homes can have a meter installed free of charge, there are some exceptions though sots always worth checking. If its not possible to fit a water meter then your property can be put on assessed charges.
In some areas compulsory metering can also be in place. This is rate and only in areas designated by the Secretary of State as 'water scarce'.
Ways to save water when on a water meter
Here are our top tips for saving money on a water meter
- Make sure none of your taps drip
- Turn the tap off when you are not using it e.g. cleaning your teeth
- Install a water hippo in your toilets
- Shower rather than bath
- Install water butts for the garden
- Only use your washing machine and dishwasher when full
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