Here is 8 New Smart Ways to Cut Your Small Business Utility Bills in Dublin
Is cost a concern for you when it comes to operating or managing your business. Here we discuss some the smart ways to cut your small business utility bills in Dublin or indeed any other town in Ireland.
Change is always challenging, no matter small or big, yet someone rightly said, “It is the only consistent thing in life”. Rewind back the clock before The Ukraine War and Covid 19 Crisis, energy prices might not have been the talk of the town in normal conversations. Fast forward a few years, it is a very topical subject.
Small business owners are always on the lookout for ways to cut costs and increase their bottom line. One of the biggest expenses for any business is utilities. In Dublin, the cost of utilities has been on the rise for quite some time. This can create a significant financial burden on small businesses.
However, there are ways to reduce these costs without sacrificing quality or service. With these tips, you can lower your expenses and boost your profits and cashflow, without compromising on the quality of your services or products.
- Understand Your Business Utility Bill
- Conduct an Energy Audit
- Switch to LED lightbulbs
- Do An Annual Review
- Consider Alternative Energy Sources
- Keep Your Bills Accurate
- Encourage And Educate Employees Energy Saving Habits
- Use The Services Of A Business Utility Broker
1. Understand Your Business Utility Bill:
A small business utility bills are something that many people don’t think about until they get one. However, understanding your utility bill is important because it provides you with valuable information about your business. It will tell you how much electricity your business uses, how much natural gas, water, how much water your business uses, and how much waste your business produces. It will also provide you with information about your business’s energy use and your business’s carbon footprint. It is important to know how much electricity your business uses so that you can make energy-saving changes.
2. Conduct an Energy Audit
An energy audit is a comprehensive analysis of a business energy usage. It consists of a physical and electrical energy audit. A physical audit consists of evaluating the heating and cooling systems, the insulation and ventilation, the appliances, the water heating system, the lighting, the windows, and the structure.
An electrical audit consists of evaluating the electrical systems, the wiring, the service panels, the lighting, and the electrical appliances. An energy audit is an excellent way of identifying energy waste and saving money. It’s also a great way to make your business environment more comfortable and efficient. Check out SEAI website for more information about small business utility bills including Business Grants & Supports available to help you in this regard.
3. Switch to LED lightbulbs
If the business is suitable as majority of businesses are, switch to LED Lighting. The best way to switch to LED lightbulbs is to slowly replace the old incandescent lightbulbs with LED ones. This is an easy way to make a big impact on your small business utility bills without sacrificing the quality of your light. You should also make sure to use LED lightbulbs in places that they are needed, such as your bathroom. You should also consider using automatic switch in areas not frequently used. This will not only save you money, but it will also help save the environment.
4. Do Annual Review
This is a common mistake that we have come across as business owners are busy building the business and rightly so, that is what drives them. At the same time, other aspects get overlooked such as utility costs. For some businesses it can be challenge putting additional resources to this task. Yet now days it is important to do an annual review and keep the costs in check. Rightly so, you can’t manage if you can’t manage. One smart way is to hire the service of a utility broker who specializes in utilities and can bring cost effective solutions without any cost on the part of the business.
5. Consider Alternative Energy Sources
If you are looking to reduce your carbon footprint and make your business more environmentally friendly, consider investing in alternative energy sources. These include solar panels, wind turbines, and geothermal heat pumps. Solar panels are a great option for business with a lot of sun exposure because they provide clean and renewable energy.
With the energy crisis there has been rapid intake of solar panels in Ireland and all over the world to produce own energy and sell it national grid. You can also make your business more environmentally friendly by choosing energy-efficient appliances. Again, SEAI website has a section dedicated to this, please visit the site here for more information.
6. Keep Your Bills Accurate
This is another common mistake that we have come across frequently in businesses. Deregulation has been good in brining competition to the market, but at the same time the resources have reduced like periodic meter readings. The onus has fallen on the customers to update their meter readings with the suppliers every month as meters are only red, 3 to 4 times a year.
This should come under good practice to regularly get in touch with the supplier, and it doesn’t need to be arduous, an email every month will do the job, which will keep your bills accurate and more importantly protect cashflow. In case of a dispute with the provider which you are having difficulty to resolve, you can always reach out to Commission of Regulation of Utilities (CRU).
7. Encourage & Educate Employee Energy Saving Habits
The first step in encouraging employees to save energy is to make sure the facility is well lit, with plenty of natural light. This will allow people to see everything around them and not have to turn on a light to find what they need. The second step is to make sure that the building is well insulated, and that the temperature is regulated. The third step is to make sure that all the electrical appliances are turned off when they are not in use. The fourth step is to have a proper recycling program in place. The fifth step is to make sure that the employees know that the facility is in good working order and that they can rely on it to provide them with the best service possible.
8. Use The Services Of A Business Utility Broker
A Business Utility Broker works much like an insurance broker acting as a go between you and the numerous suppliers of electricity, gas and merchant service to get the best deal for you. Please, see below how a broker works:
In a nutshell it is win-win-win outcome for all the three parties, the customer gets the best value, the supplier gets the customer and broker gets a client. The business save time, effort and research, visit our blog for more information as Why To Use Service of Business Utility Broker….
Conclusion:
We hope that our blog post on smart ways to cut your small business utility bills in Dublin was helpful. Reducing business utility bills is essential, especially during challenging economic times. Implementing the tips that we have shared can help you to save money each month and put that extra money back into your business.
Don’t forget to consider working with a utility broker like BusinessUtilityBroker.ie to help you get the best deals for your business. Lowering your small business utility bills in Dublin does not have to be a difficult task. By implementing these smart strategies, you can reduce your utility bills and save money for your business. If you have any questions, please do not hesitate to reach out to us. Thank you for reading, we hope this blog helps you save money!