With the latest generation of SMETS2 smart meters now available, it’s a great time to get a smart meter installed in your business. The Government agrees, as they want all energy suppliers to install smart meters to small businesses by 2020. And anything that encourages people to save energy is great with us!
What is a smart meter?
A smart meter is an electronic device which records the consumption of gas or electricity usage and send the information directly to the energy supplier for monitoring and billing.
There are currently two versions of smart meter: SMETS1 and SMETS2.
SMETS stands for Smart Metering Equipment Technical Specification, and the number refers the version. SMETS2 is the second version of smart meter, which features more sophisticated technology making it easier to switch to other SMETS-ready energy suppliers.
How do smart meters work?
Smart meters replace traditional gas and electricity meters. They are able to automatically send energy usage data to your supplier and provide more thorough reports on how you’re using your energy. You may also be offered a smart meter display, which is a portable screen showing you how much gas and electricity you are using in pounds and pence.
Both parts of the system work together to ensure you receive accurate information about your energy use and it automatically shares these readings with your supplier, making sure your energy bills are always accurate.
Information is sent via a safe and secure national network set up solely for smart meters (the Data Communications Company). Although they use a wireless system, you don’t need Wi-Fi for it to work and it won’t use your Wi-Fi if you do have it.
What are the smart meter benefits?
Smart meters have many benefits – all of them designed to make your life easier, saving you time and money to focus on running your business.
Make cost savings See how much energy your business is using at different times of the day by viewing it on the smart meter display. This can help you track, plan and budget more effectively, and potentially helping your business become more profitable.
No more estimated bills With accurate readings, you’ll only be charged for the energy you use.
Fewer disruptions to the workplace You’ll no longer require manual meter readings to disrupt your working day, and as the energy grid upgrades, energy networks will also be able to respond quicker if you have a power cut.
When can I get a smart meter?
We’ll be starting to install the latest generation SMETS2 smart meters later this year.
Am I eligible?
You may be eligible for a smart meter if:
You’re a small business
This includes small businesses with separate business premises.
You currently rent your business space, but don’t have your own gas or electricity meter
Speak with your landlord about getting a smart meter for your building.
There are rules on energy use that mean small businesses with high energy use may not be eligible.
If you’re not sure whether you’re eligible, speak to our team today.