If you had to guess, how many UK businesses do you think installed smart meters in 2020?
Well, that number is almost 100,000.
But what is all the fuss about?
Well, smart meters have plenty of benefits that can save your business time, money and reduce your carbon footprint. Even better, many energy suppliers offer free smart meter installations.
However, are there hidden disadvantages, such as data privacy concerns? This guide has all you need to know about smart meters.
What Is A Smart Meter?
Smart meters are energy meters that display how much gas and electricity your business is using with real-time data. This allows businesses to monitor how much money they’re spending on energy and allows them to see usage levels.
Benefits Of Smart Meters For Businesses
So, you’ve heard about smart meters, but wondering what the hype is all about.
Save you money.
Help with carbon reduction.
Free to install.
Removes need of meter readings.
No more estimates.
Regular feedback.
Disadvantages Of Smart Meters For Businesses
There are some points to consider when deciding whether a smart meter is right for your business. Some of the drawbacks are:
May be compatibility issues when switching
Data privacy concerns
Financial benefits could take time
How Can I Get The Most Out Of My Business Smart Meter?
Start by reviewing your energy usage from the data provided. According to Finder, ’57% of respondents reported that they had begun to turn lights off and heating down’.
For businesses without an eco-friendly culture, you can try to encourage your employees to reduce energy usage wherever possible. Try new methods of energy reduction and see if it has an impact on your energy bill.
Do I Need To Pay For A Business Smart Meter?
Most businesses won’t have to pay for the instalment of a smart meter. Large businesses that are moving site or are adding sites may find additional costs, but the majority of businesses won’t need to pay for a smart meter.
This will be dependent on who your provider is, so it is recommended to speak with your current provider.
How Can I Get A Smart Meter For My Business?
Simply contact your energy supplier. They can give you their offers for smart meters. Or, if you’re considering switching your business energy supplier, see what deals they have. Many suppliers offer smart meters for free.
Summary
For a quick overview of smart meters, we’ve got you covered.
- Smart meters allow you to accurately view your businesses electricity usage.
- Smart meters give you information on how to use energy most affordably.
- They have valuable tools and gives you usage tracking.
- See what time of the day your business uses energy, allowing you to make cuts or change tariffs.
- Can help you to reduce your carbon footprint.