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How Can Smart Meters Benefit Your Business?

Guides | Energy

19th November 2018

How Can Smart Meters Benefit Your Business?

With our new generation SMETS2 smart meters available in December 2018, we’re giving you the low-down on what they are and why they’re helping businesses become more energy efficient.
 

TRADITIONAL METERS VS SMART METERS

Traditional meters simply measure energy usage in homes and businesses. You are then required to send your meter readings to your supplier or they will give you an estimated figure on your bill.

Smart meters on the other hand are a more sophisticated and smarter version. They are installed the same way as regular meters, but they can provide more information on your energy usage to you and your energy supplier, quickly and conveniently for your business.
 

WHAT ARE THE BENEFITS OF HAVING A SMART METER?

  • They feature wireless communication technology allowing them to be read and updated remotely
  • They reduce the need for regular site visits for meter reads as these can be collected automatically
  • They allow you the option to see exactly how much energy you’re using on a Smart Energy Display
  • The data they store provides businesses with more information on their energy usage which can help you become more energy efficient and reduce energy consumption

 

WHAT DOES ‘SMETS’ STAND FOR?

SMETS refers to Smart Metering Equipment Technical Specification. There are currently two types of SMETS on the market – SMETS1 and SMETS2.

We are starting to roll out SMETS2 smart meters later this year. These are the new generation of smart meters which are cross-compatible with other SMETS2 ready energy suppliers in the future. So if you want to switch suppliers, you will not lose all your smart meter features and have to switch meters to restore them. SMETS2 meters are more technologically advanced as SMETS1 and the same meter even can be remotely set to operate either as a credit meter or in a Pay As You Go.
 

WHY SHOULD I SWITCH TO A SMART METER?

Smart meters allow you to get on with the day-to-day running of your business. They do all the hard work, giving your energy supplier accurate readings each month so you only pay for the energy you use.

A smart meter could even save you money. By installing one in your business, you’ll gain more understanding of how you use your energy. You’ll be able to keep track of your energy usage patterns and have access to more detailed reports, giving you an idea of how you’re using your energy and how you can reduce your consumption.
 

CAN I STILL HAVE SMART METER IF I’M ON A PREPAYMENT PLAN?

Yes, our prepayment option is perfect for customers who want to effectively manage their energy usage. Speak to us for more information on pre-payment smart meters.
 

WHEN CAN I GET A SMART METER?

We’re going to start installing the latest generation of SMETS2 smart meters later this year. If you’re interested, get in touch with us to register your interest – it’s free and there’s no obligation. We’ll just need a few bits of info from you to confirm your eligibility.

For more information on installing a smart meter in your business or to see if you are eligible, please contact a member of our team today or visit Smart Meters on our website.

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