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How Smart Meters Benefit More Than Just Your Business

Energy

16th January 2019

How Smart Meters Benefit More Than Just Your Business

There’s lots of information out there about how smart meters can benefit your business in terms of energy usage.

Many businesses are wondering whether swapping their meter to a smart meter can actually make a difference in the grand scheme of things.

Although it may only seem like a small step for businesses, it can lead to a big jump for the UK bringing a whole range of benefits to the future of Britain.

SMART METERS CAN BENEFIT THE UK IN A NUMBER OF WAYS:

BENEFITS TO THE ENVIRONMENT

By using a smart meter efficiently, businesses can track how much energy they’re consuming and learn how to conserve the amount of energy they use. The less energy businesses use, the more it benefits the environment.

When everyone is controlling the energy they use, the collective CO2 savings would be the same as taking 600,000 cars off the road by 2030 (Smart Energy GB).

By smart meters providing accurate meter reads to the energy supplier, it will also reduce the number of road journeys associated with manual collection of meter reads.

MATCH SUPPLY WITH DEMAND IN ENERGY INFRASTRUCTURE

The Distribution Network Operators (DNO) have a hard time trying to match the UKs energy supply to the demand that is required. Currently the DNO requires a lot of investment to strengthen the grid in order to meet this demand.

However if they obtained more accurate figures of the UK’s energy use they would be able to match energy supply with the UKs demand a lot more easily.

By installing smart meters in business, we could help the DNO to obtain this data. Smart meters could send usage information straight to them to analyse trends in peak energy consumption and prepare for the peak demand of energy.

If all businesses in the UK installed smart meters, less investment would be needed from the DNO to strengthen the distribution grid. This could impact energy costs for customers by reducing industry costs while creating a more stable and efficient grid.

CONTRIBUTING TO A SMARTER FUTURE: SMART GRIDS

Smart meters are bringing the UK energy system into the 21st century. The days of analogue meters are long gone; smart meters will form an important part of the creation of the Smart Grid which will allow the energy network to run in a completely new way.

The Smart Grid is a national electricity supply network that is digitally interconnected to provide us with a more modern, efficient and cleaner supply of power.

Smart meters will be at the centre of the smart grid, facilitating two-way communication between consumers and energy networks. This will allow real time and automatic responses to changing electricity demand.

MORE DEVELOPMENT OF ELECTRIC VEHICLES

Alongside the smart grid, smart meters will help to facilitate new technology-driven alternatives. These will be vital as the transition towards ultra-low emission EVs becomes more popular.

The number of electric vehicles (EVs) could increase electricity demand by up to 15% over the next 30 years. By shifting the energy demand from liquid fossil fuels to mainly grid electricity, this could have an impact on our infrastructure, the price of power and the environmental impact of car charging.

Smart meters could help businesses understand when energy is used and how much is needed throughout the UK. The smart grid would then be able to balance the energy demand and could begin to offer incentives for using energy at off peak times.

An example of this could be that energy providers introduce new tariffs to reward EV drivers for charging their electric vehicles off peak with cheaper power (Smart Energy GB).

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