Creative incentives for business users to reduce their water consumption
Applicant: RWG
Following approval of funding by the Panel as a project funded outside of the MIF framework, the RWG has commissioned Baringa to look at a range of potential retailer incentives that may encourage business users to reduce their water consumption. These fall into five broad categories, many inspired by mechanisms used in other sectors like energy.
1. Strengthening economic signals
2. Demand reduction targets / obligations
3. Rewarding ‘good’ behaviours
4. Conditional access to business services
5. Capacity-based constraints or rationing
Baringa will also consider ideas from other sector such as:
- Time-of-use tariffs
- Data-sharing incentives
- Co-funded retrofit programmes
This will be an eight week project. RWG expects it to run from the start of July to the end of August.
Further information and next steps are expected to be presented by the RWG Water Efficiency Subgroup at the September Panel meeting.