Paying too much for your business water advice, Property design style guide, Company bills reduction
Paying too Much for Your Business Water Bills
1 July 2022
Most of us don’t like to think about our water bills. Water is just something that should be there, right?
It’s like electricity and the phone line. We assume it will always be available, and we’ll just pay whatever is reasonable for it.
But here in the U.K., we’re all becoming more aware of how much we’re using, particularly as more homes have water meters installed to help monitor usage. This can help with cutting down our water bills at home, but what about businesses?
Do you know if your business is paying too much for its water?
If you don’t know your current costs or what’s included in your bill, you might not even realise that you could save money on your monthly costs by finding a better deal.
Let’s look at some ways to cut down on your bills in our business water guide:
Are You Paying too Much for Your Business Water?
Read The Fine Print On Your Water Contract
Check for clauses that allow for price increases, late fees and early termination fees (the devil is always in the details).
Ask yourself how confident you are in your ability to predict water usage over the next few years?
Look Into Meter Readings Self-Billing
If you are a business owner and looking to save money on your water bill, it may be worth checking into self-billing.
Self-billing is when a company bills itself for its own water usage.
It’s not common in many businesses because most companies don’t want to deal with the hassle of figuring out how much water they use each month and then billing themselves.
However, if you are currently paying too much for your business water, then it might be time to take a look at self-billing options.
Here are some things that will help you determine if you should be considering self-billing:
Find out about refunds for overpayments
If you feel like you’ve been paying too much for your water and want a refund, there are a few ways to go about it.
You can ask for a credit on your bill, which means you will be charged less the next time you pay. A rebate is similar, the difference being that the money is credited directly back into your account rather than used to lower future bills.
Customers who paid too much may also be eligible for discounts or rebates to make up for overpayments on previous months’ bills.
Save water to save money, not just the planet.
Water conservation is good for business, and it’s also good for you!
The environment gets a break when you use less water. But that’s not the only reason to conserve. When you save money on water, you can keep more money in your business, so it’s a win-win!
Consider A Water Audit, Especially If You Have Old Plumbing Systems
If you’re not sure whether you’re paying too much for your business water, it may be time to consider a water audit.
A water audit is an assessment of your company’s current and potential water usage that can help you save money, conserve water and become more environmentally friendly.
A professional auditor will conduct a review of your property to identify ways in which each part of the building uses water.
They’ll then look at how these uses compare with best practices for efficient operation and what steps are needed to improve efficiency.
The result is an actionable plan that outlines how exactly you can save both money and resources.
Check your water rates with other local suppliers
Before you set out to find a better deal, make sure that you aren’t paying more than other businesses in your area.
With the help of Google and your local chamber of commerce, see if anyone else is getting a better deal on their water.
If they are, it might be time to get some quotes from other suppliers.
Some will charge you for this service, and others will offer it as part of their package. Regardless, it’s worth checking out before signing up and committing yourself to a contract.
Your Business Doesn’t Have To Pay Too Much For Water
There are a number of options available to you if your business is paying too much for its water.
You can get a better deal on your water by doing some research and reading the fine print on your contract. There are many ways that businesses can save money when it comes to their water bills.
Save Money on your Company Bills Advice
We hope these tips are useful and help you save money on your water bills.
It may be a lot of work, but it’s worth it if you can save money for your business. Remember that smart business is always cost-effective.
Make sure you know where your costs are coming from and always compare your rates versus businesses that are nearby to ensure you are getting the best deal on your business water.
Comments on this guide to Paying too much for your business water? article are welcome.
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