13 December 2016 – partnership
Utilitywise has joined forces with water supplier and wastewater service provider Business Stream, which is in the process of acquiring Southern Water’s non-domestic business, to offer gas and electricity procurement services and technology to Business Stream’s customer base. After the acquisition is completed in April 2017, Business Stream will have around 190,000 customers on its books. The joint marketing programme will initially focus on Scotland and add England once the aforementioned acquisition is completed. The partnership is part of Utilitywise’s wider strategy to capitalise on the customer engagement and revenue opportunities presented by the deregulation of the English commercial water market in April 2017. We rate the shares as a BUY.