Business Utilities – Should You Manage Them Yourself or Use a Broker?

When you’re trying to lower your monthly business costs, switching your utilities provider is a great idea. It’s possible to save hundreds of pounds a year simply by switching to a cheaper provider. The question is, should you make the switch yourself, or should you use the services of a broker?

Managing business utilities by yourself

At one time, businesses weren’t overly interested in where their energy came from. However, as energy bills tend to make up around 20% of office building costs, more businesses than ever before are starting to pay attention to the amount of energy they’re using.

Managing your business utilities by yourself is possible, but it does come with a few challenges. There are many different energy suppliers out there to choose from and in order to bag yourself the best deals, you’re going to need to compare them. There are price comparison websites available to help, but not all of them are reliable. So, it’s better to manually compare prices by getting a quote from several suppliers.

This is time consuming and as many businesses don’t have a lot of free time available, they often turn to brokers to manage their utilities for them.

The benefits of using a broker

If you instead opt to use the services of a broker such as Utilitywise, or a utility management company such as UMC Solutions, you can ensure you’re getting the best deals to fit your business. Brokers have developed relationships with numerous suppliers over the years, putting them in a great position to get you the best deals.

You’ll also find brokers tend to be more impartial than comparison websites. So, they aren’t going to show you suppliers based upon commission. Instead, they’ll ensure you’re getting the right deal for your business.

They also tend to offer an energy management service. This type of service can prove really beneficial as it provides plenty of notice for when your utilities are due for renewal and they keep you up to date with the latest deals. They don’t just focus on saving you money either. They also look for the most efficient ways to power up your business.

Overall, managing your business utilities can be time consuming. However, using a broker service can make it much easier, as well as guarantee you’ll benefit form the lowest prices. So, if you’re looking to save on your utilities over the next year, why not consider using the services of a specialist broker?

Adam Hansen

Adam is a part time journalist, entrepreneur, investor and father.