To help businesses cut down on their energy usage and save money, smart meters have proven an incredibly useful tool. Easy to install and accurate measurement of energy trackers, they’ve been a game-changer when it comes to saving businesses money. They work by using a national communication network (DCC) to send your energy usage to your supplier.
However, not all businesses have benefited from a Smart meter, as it’s taken longer for suppliers to provide enough for everyone. According to the Department for Business, Energy and Industrial Strategy, Smart meters were installed in just over a third of non-domestic sites in 2018. This indicates there are still a great number of businesses not yet getting the full benefits of a Smart meter. Energy suppliers have varied in terms of how many they have in stock, with some rolling them out more quickly than others. As a result, the government’s rollout deadline of 2020 has now been extended to 2024.
So, if your business hasn’t been offered a Smart meter yet, it will do soon.
The question is, how much can Smart meters help your energy supply and, more importantly, can they actually save you money? Ofgem has been behind monitoring the development of the Smart meter system and highlights its effectiveness and ease of measuring energy use.
Here’s a guide to why you could benefit from installing a Smart benefit to manage your business energy supply:
No need for meter readings
It’s called smart for a reason. No more scrabbling around in a dark cupboard with a torch, looking for the right number. No need to log on and input the number every month. With this little gem, your readings get automatically sent straight to your business energy supplier.
Due to the more complex nature of larger-scale businesses with big sites, their energy recordings aren’t so straightforward. Advanced Smart meters are available for this purpose. They send half-hourly meter readings to the supplier, ensuring high accuracy of energy used.
What’s Switched On?
These meters display how much gas or electric you’re using at any given time. It shows how much money you’re spending and the amount of energy in kilowatts (kW) being used. To show whether what you’re using is a low or high amount of energy, a red, amber or green indicator will show. This means you can get a good idea of whether you’re using a low or high amount. But more than this, you can also see where there is excessive energy being used. However, this doesn’t stop the need for having a business energy consultant carry out a detailed energy survey.
Did you leave some lights on in another room? Did someone leave a laptop on standby?
There may be energy being used for something you’re not aware of. By checking all office devices and sockets, you can quickly switch off whatever isn’t being used. This would only be possible in a small business office environment.
Pay the Right Amount
A business can’t afford to have costs for something it hasn’t used. It’s just the same with your energy. The meter records your business’ energy usage and sends it to your supplier regularly. This way, you can be charged the right amount. It saves you more time than tracking the meter reading yourself. You’ll only be paying for what you’ve used, which is more efficient. The downside to this is that these meters are reliant upon a mobile signal, which transmits the information back to the data collector. This means you’ll need an extra antenna if your meter installation is in a dead signal area. Again, your energy consultancy will be able to advise you with this.
Want to explore how you can save money with a Smart meter in your business? Want to find out which suppliers may benefit you? A business energy consultant can save you the trouble of calling different suppliers. It can provide tailored guidance based on what your business needs, exploring the right suppliers for you and those that are installing Smart meters.