Reduce your utility bills Royal Arsenal : Simpson Wreford LLP

At Simpson Wreford LLP we can provide businesses in the Royal Arsenal area with help and advice on finance and on a wide range of business issues. Here is a checklist for reducing your utility bills…

Almost every business pays more than it needs to in utility bills. Conducting a utility audit might seem like a time consuming distraction but you could be pleasantly surprised by how much it adds to your bottom line.

Use the checklist below to identify potential savings for your business:

	Tick
Have a member of staff responsible for checking all utility bills – Make sure they know how the bills are calculated, what tariffs are available, etc.
Carry out your own readings of all energy and water meters each month – Use the information to plot patterns of use
Check that all utility bills are accurate and that any estimates are reasonable – Even the largest utility companies make mistakes
Annually review the tariffs you use – Not only do your usage patterns change, your suppliers also change the deals they offer
Monitor overnight energy usage – Check if it is being used by essential equipment and if so that you have the best overnight tariff
Make the best use of cheap rate electricity – If you can arrange usage by water heaters etc so that 15% of total electricity usage occurs during off–peak hours, you might benefit from switching to a day/night tariff
If you are on a Maximum Demand tariff, review your supply capacity – If your declared supply capacity is more than 15% higher than your highest Maximum Demand, contact your supplier to have it lowered
Find ways to reduce usage during peak hours – Try rescheduling non–essential loads
If you are on a monthly tariff, check your power factor – Check that you are not being penalised for a poor power factor
Shop around for a cheaper electricity and/or gas supplier
If your site has more than one gas meter, make sure they are aggregated for billing purposes – This can reduce both standing and unit charges and could lead to a better rate
Make sure your water meter is the right size – Standing charges are calculated according to meter size – don't pay for an unnecessarily large one

If you are in the Royal Arsenal area and are looking for professional advice from an experienced team of accountants, contact Simpson Wreford LLP.

Latest News

11 Sep 2025

Budget Board must focus on easing the cost of doing business, says IoD

The government's Budget Board must focus on easing the cost of doing business, says the Institute of Directors (IoD).

10 Sep 2025

Four million calls to HMRC unanswered every year, MPs told

MPs were recently told that four million calls to HMRC go unanswered each year, risking 'undermining compliance and the government's revenue targets'.

09 Sep 2025

Changes to 'sugar tax' could damage business confidence

UK soft drinks producers have warned Chancellor Rachel Reeves that proposed changes to the Soft Drinks Industry Levy will damage business confidence and have 'severe economic consequences for the industry'.

08 Sep 2025

Economic outlook remains subdued

The overall outlook for the UK economy remains subdued despite an upgrade to its forecast, says the British Chambers of Commerce (BCC).

05 Sep 2025

Lowering VAT threshold would be manifesto breach, warns IPSE

Lowering the threshold at for VAT registration would breach Labour's manifesto, IPSE, the Self-Employed Association has warned.

04 Sep 2025

Autumn Budget to be delivered on 26 November

The Autumn Budget will be delivered on 26 November by the Chancellor of the Exchequer, HM Treasury has announced.

03 Sep 2025

Companies face prosecution risk as new fraud law comes into force

Companies could be prosecuted and face unlimited fines if they fail to prevent fraud that their firm profits from under a new corporate offence.

02 Sep 2025

Business confidence rises but concerns over taxes remain

Confidence amongst business leaders rose to -61 in August from -72 in July, the Institute of Directors (IoD) has found.

Accessibility links

Reduce your utility bills