Olympos Water has become the latest company to apply for a water supply and sewerage licence, with plans to create a “multi-utility provider” for the water retail market.
The Manchester-based company said it will occupy a “gap in the current market”, offering commercial developers an integrated network design to retail supply service.
In its licence application, it said “Olympos Water” represents the first step towards this vision, and plans to add gas, electricity and telecom retail services within a three to five-year period.
The prospective retailer, which is headed up by Alistair Cameron, is connected to utilities infrastructure provider Multi Utility UK, which designs and installs utilities networks including electricity, gas, water and telecommunications.
The newest entrants to the water retail market are Utility Bidder, Smarta Water, Aquaflow and First Business Water, which have all been granted licences.
Axis for Business has also applied for a licence, but this has not yet been granted.