I have recently written an article for the Oxera magazine, Agenda. In it, I explain the substantial savings that have been achieved by Scottish Water’s retail business, Business Stream, since it was first legally separated. They are now saving over £9 million a year. A full audit trail for these savings is available on our website. These savings are after having taken account of the new costs of operating the retail framework in Scotland.
Our analysis shows that customers in Scotland are likely to benefit to the tune of over £300 million in present value terms.
Interestingly, even if savings are only two-thirds of what could reasonably be thought possible from a review of relative costs in Scotland and in England and Wales, the benefit to customers and to investors could potentially reach £2.5 billion!