What Are the Benefits of Smart Meters for Businesses?

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    Guide Author

    James Longley

    Managing Director

    min read
    Last Updated November 22, 2021

    Why are energy companies pushing smart meters?

    Thinking of turning your business into a smart property? It’s likely that you’ve already been offered a smart meter by your energy supplier. But why are energy companies pushing smart meters? And what does a smart meter do? In our guide, we’ll cover off the benefits of smart meters for businesses and answer all your questions.

    What does a smart meter do?

    Smart meters eliminate the need for estimated billing. They provide you with an accurate, digital reading that uses a secure smart data network to automatically share your energy usage with your provider each month. That way, you know that you’re paying for what you’re using – and no more. Smart meters are also equipped with a handy display screen that shows you the exact amount of energy you’re using in near real time, with the accurate costings, so you can monitor your usage throughout the month. But do all energy companies use smart meters and do you have to have one?

    Do all energy companies use smart meters?

    By 2025, all energy companies in England, Scotland and Wales are required to have offered their customers a smart meter for their gas and electric. This is all part of a significant update the government has made to Britain’s energy infrastructure.

    Can I be made to have a smart meter?

    Everyone is entitled to a smart meter, but you don’t have to accept one if you don’t want it. However, if you refuse one, it may be harder to access all tariffs.

    Alternatively, if you’re looking to be more efficient and eco-friendly, find out more about green business energy.

    Benefits of smart meters for businesses

    So, are smart meters worth it? And why are energy companies pushing smart meters for businesses? If you’re wondering whether to set one up in your office, here are a few of the benefits of smart meters for businesses:

    • They provide more accurate business electricity and gas bills as they take regular and more accurate readings – meaning you won’t be overcharged or be in credit with your supplier.
    • They offer an insight into your energy use behaviour and improve your awareness of energy consumption, giving you the opportunity to reduce your usage throughout off-peak times.
    • Your energy usage and costings are displayed on a real-time monitor that is supplied to you by your provider – when you understand your usage, it’s easier to start saving money.
    • If you notice any sudden spikes or any unusual activity on the display screen, these may be associated with a defective appliance. By identifying this faulty equipment in a prompt manner, you can ensure that the situation is dealt with efficiently and safely.
    • As these smart devices submit your meter readings automatically, you no longer need to remember to submit them yourself – taking away the admin and the extra faff!
    • Businesses and suppliers are moving towards a smart future, so smart meters are becoming much more popular – meaning providers are beginning to favour them which opens up a wider range of tariffs if you have one. They’re often much cheaper, too.

    Are smart meters worth it?

    If you are energy conscious or looking to save money, then it is definitely worth installing a smart meter. Whether your business runs from home or an office, you can use the meter to monitor your usage and your power consumption, meaning you can adjust how you work accordingly to cut costs and do your bit for the environment.

    However, the best way to save money when it comes to your utility bills is using a utility broker to compare the best energy prices for you. Utility Bidder have built up strong relationships with more than 27 UK utility providers over the last 10 years – meaning we have a wide portfolio that we can use to find you the best priced tariff for your business. We help businesses of all sizes and backgrounds navigate the complex energy market. Get in touch and find out how much we can save you on your business energy bills today.

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    Choose your business address

    Can’t see the address? Enter manually

    Are you comparing for a business or home?

    Business

    Home


    Go Back
    Select Utility
    Now please select a utility I want to get prices for...
    Gas
    Electric
    Gas & Electric
    Water
    Go Back
    Next
    Please enter your business gas information
    How much do you spend & how often?

    An estimate is fine if you don't have a bill to hand

    Go Back
    Get Prices

    Let’s save time, can we automatically gather meter information?

    ? What does this mean?
    To get your quotes at lightening speed we need several key pieces of information which can all be found on your electricity bill. But by simply ticking this box, we can search ‘industry held data’ to get your meter number, electricity consumption and current energy supplier. This means that we can get you quick quotes without asking you to dig out all of your paperwork. This is personal data therefore we need you to allow us to access this information.
    Go Back

    Do you know your electric meter number?

    Does your meter number end in any of the following?

    Go Back
    Enter meter number
    I don’t know
    Please enter your business electricity information
    How much do you spend & how often?

    An estimate is fine if you don't have a bill to hand

    Start date for a new contract?
    Get Prices
    Please enter your water information
    How much do you spend & how often?

    An estimate is fine if you don't have a bill to hand

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      Enter your details below to get quotes We’ve helped over 90,000 businesses