Guide to business energy audits
| Business Advice
Smart meters are a new type of energy meter which display your gas and electricity usage in real-time, so you can see exactly how much you’re spending on your energy.
The UK Government reports that 21.5 million smart meters have been installed in domestic and SME properties as of the end of March 2020, with 1.3 million installed on non-domestic sites. These figures certainly sound impressive, but they are lower than expected.
The government’s push to roll out smart meters to 26 million properties by 2020 is running behind schedule. However, there is a real push from energy firms to ensure they meet these government targets, which means that more and more people will be offered a smart meter for their homes or business in the coming months.
For businesses, smart meters are likely to make their way to offices and stores eventually, so managers now need to decide whether a smart meter is a right step for them financially.
To help we have brought together answers to common questions to help you determine whether a smart meter is right for your business and why embracing the change sooner rather than later can help you save money in the long run.
Smart meters are a new type of energy meter which display your business gas and electricity usage in real-time, so you can see exactly how much you’re spending on your energy.
There are two main types of smart meters – Smart Meter Equipment Technical Specifications (or SMETS 1) was the original model, but there is now a newer version using more advanced technology, known as SMETS 2 which is increasingly used by installers.
The government’s initiative to see smart meters installed in the nation’s homes and businesses is designed to help the UK become a nation that’s better at saving energy and money — especially for those under financial stress.
Smart meters calculate your energy usage based on automated readings every 30 minutes. By providing suppliers with more accurate data about your usage, your business will pay for the energy you actually use, rather than what is estimated.
There are a number of reasons why businesses should embrace the rise of smart meters in commercial properties:
Despite reasons for optimism, there are a couple of things that might make some businesses reluctant to install a business smart meter:
By using the data they provide to review your energy usage. If you are already creating an eco-friendly culture in your business — encouraging and perhaps even incentivising your employees to reduce energy usage wherever possible — then the introduction of smart meters will provide a tool to measure the success and help refine your approach.
Contacting your energy supplier, if you are looking at switching business energy supplier it may be worth doing this first.
Be sure to check out our top 10 energy-saving tips for your office.