How Much Will A Smart Meter Help You Save?
Unfortunately, it is impossible to say how much money you will save with a new smart meter. This is because there are a lot of different variables that are at play here.
This includes the following:
The amount of business energy you currently use - If your business uses a substantial amount of energy right now, there is going to be greater potential for you to lower your expenditure with accurate readings.
How energy efficient your business is at present - Smart meters encourage energy-saving activities. The more inefficient your business is right now, the greater your savings are going to be.
How much you're overpaying at present - It's likely you are receiving estimated bills at the moment. If you are paying too much, switching to a small business smart meter will save you money without even changing your energy habits.
As you can see, there are a lot of different factors that influence how much money you can save by getting a smart meter at your business. However, the potential to save is huge, and there are lots of different ways you can go about cutting costs at your business.
How To Get A Smart Meter Installed
Considering all of the benefits mentioned above, you may be wondering how to install smart meters on your business premises. The current smart meter initiative in the UK means that all providers need to offer gas and electricity meters to every small business and home in the country.
Therefore, you should be offered a smart meter as part of the current smart meter rollout.
However, you do not have to wait until you are contacted about this. You can get in touch with your energy supplier now and ask them to install a smart meter at your business as soon as possible.
You may be wondering whether or not your business qualifies for a free smart meter. As per the terms of the current government programme, energy companies need to install smart meters at gas sites whereby the yearly consumption does not exceed 732 MWh per annum.
In terms of electricity, smart meters should be installed at all electricity sites that fall into profile classes 1, 2, 3, or 4. This does include the vast majority of non-domestic customers.
It does not cost anything to have an electricity and gas smart meter fitted. Plus, the smart meter installation needs to conform to the Smart Metering Installation Code of Practice (SMICoP), which has been approved by Ofgem.
This code was created to make sure that high service standards are provided, covering not only installing smart meters but fault resolution and testing as well.
Nevertheless, should your company already have an "advanced" meter that sends remote meter readings to your energy company, the supplier may not need to replace this with a smart meter.
Companies also have the right to reject the offer of a smart meter. If you would prefer, you can also ask for an advanced meter to be installed instead, which will only send data to the supplier.
If your business does not fall into the categories mentioned above and is not eligible for a free smart meter, this does not mean you cannot have one installed at your premises to improve your monthly meter reading process.
Compare Energy Providers At Business Energy UK
As you can see, there are a lot of benefits associated with smart meters for business premises. While business smart meter installation should not cost anything, you may want to consider switching energy suppliers, so that you can move onto a cheaper tariff and make the most cost savings.
Here at Business Energy UK, we make it as easy as possible to find the best energy supplier for you. You can compare energy providers on our website, where you will find all of the information you need to keep your energy bills as low as possible.