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Savings Formula:
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The Thames Water Savings Calculator estimates financial savings from reduced water consumption for Thames Water customers. It calculates the monetary benefit of decreasing water usage based on current consumption rates.
The calculator uses the savings formula:
Where:
Explanation: The formula calculates the financial savings achieved by reducing water consumption from an old level to a new level at the current water rate.
Details: Calculating water consumption savings helps households and businesses understand the financial benefits of water conservation efforts, promotes sustainable water usage, and supports environmental conservation.
Tips: Enter old and new water consumption values in cubic meters (m³) and the current water rate in GBP per m³. All values must be positive numbers with new consumption typically lower than old consumption.
Q1: How accurate is the savings calculation?
A: The calculation provides an estimate based on the inputs provided. Actual savings may vary based on billing cycles and additional charges.
Q2: Where can I find my current water rate?
A: Your current water rate can be found on your Thames Water bill or their official website under tariff information.
Q3: Does this calculator account for standing charges?
A: No, this calculator only estimates savings from reduced consumption. Standing charges and other fixed costs are not included.
Q4: Can I use this for business water accounts?
A: Yes, the calculator works for both domestic and business accounts, provided you have the correct consumption and rate data.
Q5: How often should I recalculate my potential savings?
A: Recalculate whenever your consumption patterns change or when Thames Water updates their tariff rates.