The Ultimate Guide To Business Energy Meter Installations
If you have a business that is expanding, then your energy usage will also increase. And, of course, energy bills can have a significant impact on costs. That is why it is essential to have the most suitable energy meter installed. If you would like to read more information or learn more about the pricing of business energy, you can do so here .
An energy meter is a device that measures the energy usage of your business. These readings go back to the supplier and ensure that you pay only for what you use. So if you’re looking to get a new business energy meter installed, you’re in the right place.
Here is a comprehensive resource guide about business energy meter installations.
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Types Of Business Energy Meters You Can Get
There are many meter options that you can choose from. The correct type depends on your business and operation hours. Here are the energy meters you can opt for:
Single Rate Energy Meter
This is the most prevalent type of energy meter that various businesses use. It measures the usage at a single rate regardless of the time of day. Besides that, this meter is used typically by places that operate from 8 am to 10 pm.
The single rate energy meter is a type of standard meter. It requires you to take readings every day manually. Otherwise, you’ll be charged based on estimations.
2. Standard Energy Meter
Standard energy meters are the most common type that businesses opt for. It charges a single unit rate for your company’s energy consumption. This means that for each unit, the cost will be the same.
Additionally, for these meters, you will have to note your readings manually every day. Then you will have to ensure that your supplier gets these measurements. If you don’t, then you will be put on an estimated billing plan.
The estimated billing is typically not accurate. So there is a risk that you’d be overpaying for your energy usage. Similarly, the situation can also be the opposite.
3. Two-Rate Energy Meter
As the name suggests, this meter charges two different rates for energy usage. The rate depends primarily on the time of the day. Typically, during off-peak hours the meter uses a low rate. Hence your bill for that time will be lower.
Meanwhile, during off-peak hours, the per-unit rate is high. Hence your energy bill value will be more excellent. An example of a two-rate type is Economy 7 meter. This charges a lower rate during nighttime over a seven-hour window.
Besides that, another example is the Economy 10. This offers a low rate across a ten-hour window. Additionally, you can opt for weekend and evening energy meters. These typically charge low on weekends, making them perfect for businesses that use high energy on weekends.
4. Half-Hourly Energy Meters
An HH energy meter operates by sending readings to your supplier after every 30 minutes. They are specifically made for businesses that have high daily usage. Since the process of measurement is automated, it means you will be charged most accurately.
Moreover, this type will allow you to understand when your energy demand is at its peak. By learning that, you can implement ways for efficient consumption.
You should keep in mind that a particular business must have this meter installed according to law. For example, businesses that use more than 100kW electricity in 30 minutes must have an HH meter.
5. Smart Energy Meter
A smart energy meter is a wireless tool that sends readings directly to your supplier. It comes with a digital display that shows accurate value being used at any given moment. The benefit of this type is that it sends readings frequently to the supplier.
For example, you can opt to pay the bill monthly depending on total usage. Similarly, you can choose for weekly readings too. Thus, this meter type is excellent for monitoring and controlling energy consumption.
Another thing to keep in mind is you must meet the requirements before getting this type. For example, if your business already has an HH energy meter, you cannot get the smart meter.
6. Multi-Site Energy Meter
This is the last type of energy meter you can get. It is primarily designed for businesses that have multiple sites. You can use it to keep track of the energy consumption of all your locations.
Besides that, a multi-site energy package can allow you to save money and time. That is because it combines the readings of all locations and charges them according to one rate.
How To Get A Business Energy Meter Installed?
Now that you know the types of energy meters, you can quickly get one installed. Here are the steps you should keep in mind:
Find Out Your Business MPAN and MPRN
These are two unique numbers that allow the energy supplier to determine your business location. The Meter Point Administration Number (MPAN) will be printed on your electricity bill. Meanwhile, the Meter Point Reference Number (MPRN) will be given on your gas bill.
2. Decide The Type Of Meter
We have already discussed the types of meters with you. Now you have to decide which one to get. Your decision should primarily be based on your business type, working hours, and energy demand.
3. Find A Supplier
Once you know the type, you want you can look for a reliable energy supplier. You can choose the right one depending on their fee and meter options. Typically smart energy meters come with zero installation charges.
For other types, you will have to pay a fee to the supplier. The good is news that this is usually negotiable. So never accept the first estimation your supplier provides you.
4. Get The Meter Installed
After you have figured out the type and installation costs, there will be only one thing left. You should decide on a day to get the energy meter installed. Typically, suppliers do a survey first and assess the premises. After that, they give you an appointment for the installation.
That was your ultimate guide to business energy meter installations. The process of getting a meter is relatively simple. The only thing to keep in mind is to get the suitable type for accurate billing. You can ead more about business energy meters here.
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Other useful links about Business Energy
What are Average Business Energy Bills?
Switching Business Utilities
EDF Energy for your Business
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