Logo

Register - it's free | File your tax return online

Home > > Business finance > Managing costs > Reduce your utility costs

Reduce your utility costs

Utilities can account for a sizeable chunk of your firm's costs, but you might find that you can make considerable savings in this area. Here are some cost-cutting ideas:

  • Offer bonuses and other incentives for noteworthy conservation, and circulate copies of your firm's energy bills to remind employees of your commitment to reducing costs in this area
  • Ask employees to turn off and cover up all equipment at the end of every day where appropriate - this not only saves power but also extends the life of your equipment
  • Install time clocks to control heating, air conditioning, and lighting
  • Turn the temperature setting on your thermostats down during the winter and, if you have air conditioning, up during the summer
  • Your offices could be over-lit in areas such as storage rooms, south-facing offices, or the staff room. Remove bulbs or fluorescent tubes to bring lighting down to an appropriate level
  • Encourage employees to turn off fluorescent lights when they leave a room for more than fifteen minutes, and incandescent lights if they leave for three minutes or more
  • Reduce bulb wattage wherever possible
  • Replace standard fluorescent and incandescent lights with high-efficiency fluorescent light, which gives the same light output and can save up to 80% of the energy according to the energy trust.
  • Install 5-minute shut-off switches in stock rooms or other little-used areas
  • Appoint a specialist to review your utility bills in case you are overlooking something

Much 'green' advice results in cost reductions, exploring such web sites as the Energy Saving Trust and business Link could produce cost saving ideas including:

  • Make energy conservation and reduction of C02 emissions a factor in capital expenditure decisions, i.e. computer equipment, cars, lighting and insulation.
  • A company that operates a fleet of more than 50 vehicles is eligable for a free Green Fleet Review which could cut costs as well as vehicle emissions. If the fleet is smaller then similar advice is available by phone on 0845 6021425.

The Business Link web site offers a menu based advice service for many different business activities aimed at reducing costs.

Business finance

  • Business growth and development
  • Dealing with fraud
  • Financial accounting
  • Improving profitability
  • Managing costs
  • Operations and processes
  • Raising finance
  • Staying competitive

Managing costs

  • Buy, HP, or lease?
  • Can you cut your interest payments?
  • Credit and recessionary times
  • Dealing with employee absence
  • How to protect your business when your customers go under
  • Improve your debt collections
  • Improving productivity
  • Outsourcing delivers a range of solutions
  • Reduce your utility costs
  • Reduce your wage bill
  • Managing business budgets and finances
  • Cashflow forecasting
  • How to go about choosing reliable suppliers
  • Setting out the right payment terms
    • Business start-up
    • Limited companies
    • Business finance
    • Your customers
    • Your employees
    • Recession news centre
    • Partnerships
    • Sales and marketing
    • IT and e-business
    • Business regulations
    • Business and the environment
    • Selling your business
    • Intro to the tax system
    • Planning aspects
    • Home aspects
    • Investments & investing
    • Pensions
    • VCT & EIS
    • 22 June 2010 Emergency Budget Report
    • Tax rates & allowances
    • Financial planning guide
    • VAT
    • Year end tax planning
    • PAYE & NI
    • IR35 centre
    • Tax and business calendar
    • Pre-Budget report 2009

Site Map | Register | Login | Logout | My Profile | Terms & Conditions | Accessibility Statement | Copyright © 2008 Hicks & Company. All rights reserved

Visitor Register Now

  • Home
  • About Us
    • Who We Are
  • Our Services
    • Business Services
      • Audit
      • Bookkeeping & Accounting
      • Business Planning
      • Business Start-up
      • Company Secretarial
      • Corporate Tax Planning
      • International Services
      • Payroll
      • VAT
    • Specialist Sectors
      • Building Profits
      • Investment & Financial
      • Manufacturing
      • Medical Profession
      • Retail
    • Personal Services
      • Estate Planning
      • Personal Tax Planning
      • Retirement Strategies
      • Self Assessment
      • Trusts & Executorships
  • News
    • Firm News
      • Recession news
      • PAYE
      • VAT
      • Personal tax
      • Business tax
      • Business regulation
      • Savings
      • Latest news
      • Current affairs
  • Guides
      • Business start-up
      • Limited companies
      • Business finance
      • Your customers
      • Your employees
      • Recession news centre
      • Partnerships
      • Sales and marketing
      • IT and e-business
      • Business regulations
      • Business and the environment
      • Selling your business
      • Intro to the tax system
      • Planning aspects
      • Home aspects
      • Investments & investing
      • Pensions
      • VCT & EIS
      • 22 June 2010 Emergency Budget Report
      • Tax rates & allowances
      • Financial planning guide
      • VAT
      • Year end tax planning
      • PAYE & NI
      • IR35 centre
      • Tax and business calendar
      • Pre-Budget report 2009
  • Online Service Centre
      • Credit reports
      • Company documents
      • Director reports
      • Marketing reports
    • Online Tax Return
      • Terms & Conditions
      • Features Guide
    • Online Life Insurance
    • Capital gains tax
    • Loan
    • Payslip
    • VAT
    • Stamp taxes
    • Savings
    • Business start-up
    • Millionaire
    • Inheritance tax
    • Breakeven
    • Fuel cost
    • Gross profit
    • Vehicle benefit
  • Links
  • Contact Us