Why splash the cash? A water meter means you only pay for the water you use. If you do one simple thing today, try out a water meter calculator, as it could mean significant savings for your household. Go on, take the plunge and read on.
As a rule of thumb, if there are fewer people living in your home than bedrooms, you should save money with a water meter.
What should you do with your extra money? Now that you’ve saved a few quid, we’ve a few ideas that will get you saving. Try them out here.
How long it’ll take: 20 minutes
- Internet access, to tap into a water usage calculator
- Phone, if you’d rather call your water company to check your water usage
- Water bill, to check how much you pay and who supplies your water
1. Ask yourself if a water meter is worth it
If you don’t have a water meter, you pay a fixed price for your water. It doesn’t matter how much water you use, your bill won’t change. Instead, the bill is based on the “rateable value” of your home – aka, how fancy it is.
Some people pay less with a meter, some don’t – it all depends on your own situation.
2. Check if a meter might be cheaper
Dig out your bill, then contact your supplier or bung some figures into the Water Meter Calculator helpfully provided by the Consumer Council for Water. You’ll get an estimate of how much your bills would be if you had a meter installed.
3. Get a meter fitted for free
Good news if you live in England or Wales – you can get a meter fitted for free.
Contact your water company to see if you would save, then fill in a quick application form by phone, post or online.
Sorry Scotland – you may need to pay £300 plus for installation costs. See who supplies your water and their contact details.
Ok, bagged yourself a meter? Cool. Cut your bill down to size by using less water. Find simple tips and tricks to do each day with our Ways to save on our water bill guide.
Regret your decision? It’s not a disaster if you switched to a meter and find your bills are bigger – you can just switch back to unmetered billing. You just have to make sure you ask your company within the first year. They won’t take the meter away, but it will change your bills back.
What if you’re refused a meter? If you do get refused a water meter (it can happen if your water company thinks it’s too difficult or expensive), you can ask for assessed charges. These are based on the average bills paid by people with meters, so check it would be cheaper.
Renters can switch too! Just because you’re renting, it doesn’t mean you shouldn’t ask to switch because if your name’s on the water bills, you can ask for a water meter.
Officially, you don’t have to ask permission from your landlord if you have a short contract – but it’s probably a good idea to ask anyway.
Just a warning – the water company will show up to see if it is possible to fit a meter. If so, it should fit it within three months.
This article is provided by the Money Advice Service.
Some important information about Rest Less Money
We want you to understand the positives, but also the limitations of using our site. We operate in a journalistic manner and therefore all information, guidance or suggestions provided are intended to be general in nature, and you should not rely on any of the information on the site in connection with the making of any financial decision.
When we set out to build Rest Less Money, we wanted to be a trusted place where you could find helpful information about financial matters affecting the over 50s. As a free to use resource, we try hard to provide the best information we can, but we cannot guarantee that we won’t occasionally make mistakes. So please note that you use the information on our site at your own risk, and we can’t accept liability if things go wrong.
Key things to remember when using Rest Less Money:
We do not offer financial advice – As a journalistic site, it’s important to know that we do not provide financial advice. You should always do your own research before choosing any financial product so that you can be certain it is right for you and your specific circumstances. If you are in any doubt, please seek professional financial advice from a regulated financial advisor.
No Liability – please note that you use the information on Rest Less Money at your own risk and we can’t accept liability for how you choose to use the information given on our site. We will often provide links to content or products and services available on other third-party websites. These are provided purely for your convenience and we cannot be held responsible for any content, or any of the products and services offered on any website that we link to.
Accuracy of Information – We try to make sure that all the information provided on Rest Less Money is correct at the time of publishing as we want it to be the most helpful resource possible. Sadly, we are not perfect however, and so we can make no guarantees as to the completeness, accuracy, adequacy or suitability of the information available on the site.
Whilst we work hard to try and provide accurate information, deals and prices can change, so whilst they may be correct at the time of writing, providers may subsequently decide to alter them later – so always double check first.
A final note on the Rest Less Community Forums – always remember that anyone can post their opinion on the Rest Less Community Forums, so it can be very different from our own opinion and may not be factual or well researched. Always be wary of any content posted on the forums and be sure to do your own research and due diligence on anything suggested.