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, businesses can be more complex in the way energy use is recorded. Advanced Smart meters are available for this purpose and send half-hourly meter readings to the supplier, ensuring high accuracy of energy used.
See what’s switched on
These meters display how much gas or electric you’re using at any given time. It will show the amount of energy in kilowatts (kW) and the amount of money being spent at the current time. It will also show a level in red, amber or green that indicates whether what you’re using is a low or high amount of energy. This means you can get a good idea of how much energy certain appliances use. But more than this, you can also see where there is excessive energy being used, although this does not alleviate the necessity of having a dedicated energy savings survey carried out by a professional business energy consultant.
Did you leave some lights on in another room? Has a laptop been left on standby?
There may be energy being used for something you’re not aware of. By checking all devices in the office, you can quickly switch off whatever isn’t being used and save on the energy. 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. As your business energy usage is recorded and sent to your supplier regularly, it means you’ll always be charged the right amount. Forget about being sent an estimated bill until you send a meter reading – you’ll only be paying for what you’ve used. A caveat to that is that all these types of meters are reliant upon a mobile signal to transmit the information back to the data collector so if your meter installation is located in a dead signal area an addition piece of equipment or antenna may be required, 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 currently offering to install Smart meters.