Insights / The benefits of using smart meters – A quick guide

The benefits of using smart meters – A quick guide

1st July 2014

There is a lot of information about smart meters floating around on the internet, so we’ve done the hard work for you. We’ve distilled the facts from a select few trustworthy sources, such as GOV.UK, the Energy Saving Trust and USwitch.

The benefits of using smart meters – A quick guide - main image

What are smart meters?

Smart meters are a new kind of energy meter. They work as a replacement for your existing meters and provide your energy supplier with information about your energy use.

How do they work?

Smart meters use wireless technology to transmit data back to your energy supplier - similar to the signals your mobile phone uses. This ensures your supplier always has the most up-to-date information about your usage.

How will they benefit my business?

There’s a whole range of ways they can benefit your business and make things easier for you to manage, including:

Accurate bills

As the meters send real-time information directly to your energy supplier, you’re going to get accurate bills only charging you for the energy you’ve used. This means you don’t have to worry about dealing with estimated bills, sending meter readings or arranging for someone to come in to read your meter.

Better energy planning

Since you’re only going to be paying for the energy you use, you’ll be able to plan your energy better. Some suppliers such as Opus Energy offer online reporting for electricity customers, which lets you view your meter data. Make the most of this feature, because it will help you to pinpoint peak times of electricity use.

Realistic environmental targets

It’s always good to look for ways to minimise your impact on the environment, and as a business, it pays to always have an eye on your commitment to this. With a constant stream of data, you’ll be able to create environmental initiatives that work for your business, and set realistic targets for the coming months.

More cost savings

As they give you an insight into your energy consumption, you’ll always be on top of your usage. This is very valuable for a business owner, because it will help you with more informed energy purchasing when required.

Are they safe?

The Department of Energy & Climate Change (DECC) has stated that these meters are safe, and they are covered by UK and EU safety regulations.

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