Smart meters help accurately monitor how much energy is used on the premises, by relaying real-time information about what you use and when.
By March 2020, 21.5 million residential properties and 1.3 non-domestic sites had installed a smart metre. This is below the UK government target of 26 million properties, so there is still a significant push from energy suppliers to get this done.
We’ve compiled this guide to point out the benefits of getting a smart meter installed in your business, and how you might go about getting one.
Compare gas and electricity prices for your business
Smart meters monitor your property’s gas and electricity usage at 30-minute intervals and relay the information directly to your energy supplier via internet or phone lines or mobile networks. This means hassle-free, 100% accurate and detailed records of your energy use each day.
There are two main types of smart meters: Smart Meter Equipment Technical Specifications 1 (SMETS 1) and SMETS 2. The latter is more commonly used now when installing for the first time.
Smart meters are a great way to stay on top of how much energy you’re using and when, which can be useful for a number of reasons.
Smart meters and half hourly meters both do the same thing, just with slightly different hardware. Half hourly meters are also only for businesses with particularly high electricity demands, such as factories and processing plants.
If you’re interested in switching to a smart meter plan, then just contact your energy provider.
Most business energy contracts last between one and three years, making it difficult to opt out early. They do, however, often have a “switching window” of between 30 days and four months, in which you can change providers without incurring fees. It’s important you check with your provider how long you have left on your current contract before thinking about moving to a new one.
Once you know where you stand, use our handy business energy comparison tool to find the best deal to suit your business’ needs. You’ll need to make sure you have the following information at hand to proceed with the quote:
Once you’ve selected the best deal for you, we will take care of the switch and then your new supplier will install your smart meter as soon as possible. It’s really that simple!