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Last updated: 08 June 2021
Business energy deals
can be expensive. Choosing smart energy for your business will save you money and give you more control over your energy usage. This guide explains what smart energy actually is, and how it will benefit your business.
What is smart energy?
Smart energy meters are becoming increasingly popular in both the home and in businesses. It won’t be long before they are the norm. This is because they have essentially revolutionised the way you, the customer, understand and pay for your energy usage.
Once a smart meter is installed, meter readings will be sent periodically to your provider automatically, meaning your bills will be accurate - say goodbye to estimates. With a smart meter, you are also able to see how much energy you are using at any given time on a display.
What are the benefits of smart energy in business?
As you will undoubtedly be aware, time is of the utmost value in business. The automaticity of smart energy means that post-installation your business energy management will be very hands-off, allowing you to give your attention to more important issues, such as successfully running and growing your business.
The fact that all the bills you receive are accurate instead of estimated means you will only ever pay for the exact amount of energy used by your business. Therefore, by switching to smart energy, there is no risk of overpaying for your energy usage. This will be especially beneficial if you own a small business, since business energy deals are often priced with big companies in mind, meaning that smaller businesses using less energy suffer and overpay. Though you may see a slight rise in your energy bills at the start in order to compensate for this new technology, you will certainly save money in the long term. These extra funds can then be used to grow and market your business.
The display on your smart meter shows you how much energy you are using in real-time and what it’s costing you in pounds and pence, and how much energy you’ve used in the last day, week, month and year. These real-time updates on your energy usage are highly beneficial. Firstly, it will make it a lot easier for you to implement changes to reduce your energy usage, as after switching off any lights and unplugged unnecessary electronics, you will see your financial savings almost immediately on the meter. Easy access to meter readings should also make it easier for you to budget, allowing you to somewhat predict your monthly bill.
A smart energy meter should also help you with business energy comparison. Since you will have a more detailed understanding of how much energy you use, as a result of the real-time updates, identifying the perfect new business energy deal for you will be a lot simpler. Smart energy also opens the door for providers to tailor their deals to your business, and not the other way around - a system that is sure to emerge in the near future.