The Ultimate Guide to Smart Meters in March 2024
With our lives becoming busier & tech being used to help make everything easier, smart meters for business have taken the UK by storm. They save us the time & hassle of monitoring our energy use. This allows us to gather smart data which helps us run our business more efficiently & in a kinder way to the planet.
If you would like to read more information or learn more about the pricing of business energy, you can do so here.
What is a smart meter?
A smart meter is an energy meter that replaces your exiting traditional meter. It monitors your energy use & sends that information to your provider. No more estimated bills & annoying meter readings needed which helps make your bills more accurate. It also means your business is only charged for what it uses. You can then use this data to see when or how you can save on your business energy consumption.
In essence its an energy meter that helps make your business smarter & more cost efficient. For more information about smart meters check this out.
What are the benefits of smart metering for my business?
Benefits of smart meters will likely be more apparent for small to medium sized businesses where the CEO can have their smart energy data sent directly to their mobile phone for a quick & easy understand on their gas or electricity use. The main benefits include :
- Accurate energy bills – Once a smart meter is installed it sends readings every 30 mins – 1 hour so your energy consumption is accurately read 24/7 which means your business energy supplier will produce accurate bills & save you some money by doing so.
- Increased Energy Efficiency – Because smart meters will have a live display in your office you can see real time how much you are spending & learn to reduce consumption which again will reduce your bill & the impact on the environment.
- Save time & money – No meter readings & no estimated bills means you will save the time of having to contact the supplier every month & the money of overcharged estimated bills if you forget to submit the meter reading.
Will I have to pay for a business smart meter?
Business Customers will not usually have to pay for a smart meter to be installed. Small businesses with less than 10 employees won’t pay but larger businesses who need to move the site or add sites may find additional costs but it is done differently with different suppliers so would always recommend to check with your current provider.
Do I need a smart meter for my business?
In Great Britain the government requires all energy suppliers to offer customers both a smart gas meter & smart electricity meter. However it is not compulsory to take that offer but smart meters for businesses has grown hugely in popularity. Energy suppliers will have their own internet targets to meet & most of us in the industry share the view smart meters will be the norm within the next few years. So many business energy suppliers will want to migrate all their existing customers onto smart meters as soon as possible. They are making it easier than ever to book and appointment & register your interest.
Can I switch business energy suppliers if I’ve got a smart meter?
If you already have a smart meters for business you can still switch your business energy the same way you would with a traditional meter. However that doesn’t mean there might not be technical issues as with any technology you change management of.
Rarely, what can happen when you switch is your smart meter starts not working as well. It loses some of its functions & ends up being a standard meter again. Once that happens your new energy provider would either sort you a new one out or give you a standard one back. The easiest way to find out is simply having a chat with your new business energy supplier. They will tell you if they can do the switch with that meter or not.
Should I switch my business energy supplier & get smart meters for business?
You only have to do a quick google to see how easy it is to switch your business energy. There are now over 50 business energy suppliers, all hungry to win your business & help save you money! And lets face it you probably will save money by switching. Most businesses will save over £400 a year!
So it makes sense to switch – but how easy is it? Thanks to the rise of comparison sites its become easier than ever. All you need to do is fill this in, let our experts do all the work finding you the cheapest tariff & then sit back 7 enjoy the savings.
Smart meters for businesses is important for UK energy & likely to be compulsory at some point. So, its worth getting ahead of the trend & installing now if you haven’t already.
Compare Business Energy Prices
We all want to reduce costs while getting a good service & comparing your business energy is a simple and effective way to do this. But, if you are anything like I am with my home supplier you might stay with the same provider year after year. Many companies rely on customers to do this to make their profits.
But it costs to stay & it pays to switch! So have the comparison, even if its just to give you the ability to haggle down your existing supplier. Why pay more for something when you don’t need to? Especially when it comes to small business – any saving you can make with any bills I’m sure can be put to better use for yous company.
Things to know when switching you business energy
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Some other useful links:
Benefits of Using Analytics on Websites
What is a Business Coach?
What is Unlimited Liability in Business?
Business Aims, Objectives & Values
Remember to Compare Your Business Costs is here to help your business every step of the way from business advice, or saving you time and money on your business purchases such as:
James Ward is CEO and founder of CompareYourBusinessCosts.co.uk, a website that won the Prestigious ‘Website of the Year’ only in its second year of operations in 2015. The website has grown organically since then offering comparisons on over 20 different products including insurance, energy, telecoms, card machines, coffee machines and much more. James has a range of interests including horse racing, skiing, rugby and boxing. He splits his time between home family life, friends, exercise and socialising.