What Are Business Energy Monitors?

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    Contents

    Guide Author

    James Longley

    Managing Director

    min read
    Last Updated November 13, 2023

    A business energy monitor is a gadget that links up with your electricity meter, allowing you to monitor your energy consumption. Your energy usage is then wirelessly transmitted from your meter to a dedicated display unit, providing you with a convenient way to visualize and track when and how much energy you use energy.

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    How do business energy monitors work?

    Energy monitors function by installing a sensor onto your business electricity meter, which tracks your usage by measuring the electrical current passing through it.

    This sensor comes with a transmitter that wirelessly sends the data to your display monitor, which shows metrics like costs, energy consumption, and CO2 emissions.

    What are the advantages of having a business energy monitor?

    The installation of a business energy monitor offers many advantages, ranging from cost savings to a reduction in carbon emissions for your company. An energy monitoring system enables the following:

    1. Enhanced understanding of your energy usage.
    2. Tracking and management of greenhouse gas emissions generated by your business.
    3. Save money by minimizing energy consumption in relevant areas.
    4. Detection of irregular energy consumption patterns across your business facilities.

    What is the difference between an energy monitor and a smart meter?

    At first glance, energy monitors and smart meters may seem quite similar since both are energy monitoring systems designed to help you keep track of your own gas and electricity, consumption.

    However, the significant distinction lies in the added functionality of smart meters. They can automatically transmit meter readings directly to your energy supplier, ensuring accurate billing without the need for you to manually provide meter readings regularly.

    As a result, if you already have a smart meter installed, obtaining an additional energy monitor may be redundant, as smart electricity meters should provide comprehensive usage information. It’s worth noting that certain smart meters may become non-functional if you switch energy supplier, whereas a business energy monitor will remain operational regardless of how frequently you switch providers.

    Is a business energy monitor necessary if I already have a smart meter?

    Typically, businesses that already have a smart meter installed would opt for a compatible energy monitor rather than installing a separate one. Usually, smart meters are installed in a concealed location, transmitting usage data to your energy supplier, which can make it easy to overlook monitoring your business’s energy consumption.

    With a dedicated business energy monitor in place, you can gain a comprehensive view of your energy consumption. If you suspect excessive energy consumption, you have the option to set consumption thresholds that will alert you when they are exceeded.

    For multi-site businesses, it’s considered best practice to install smart meters that monitor the energy consumption of each property separately to identify and address any unusual patterns.

    These energy monitors often come with diverse software tools that enable you to monitor, analyze, and address energy-related issues. In addition to tracking costs and usage, these monitors also provide insights into your carbon emissions, a critical aspect of helping businesses manage and reduce their environmental impact.

    Can you save money with a commercial energy monitor?

    Energy monitors serve as valuable tools for gaining a comprehensive understanding of your energy consumption, enabling you to identify areas for potential cutbacks, habit changes, and cost savings. While the monitor itself doesn’t directly reduce your energy costs, having the smart meter data and the ability to track when and where your business consumes the most energy can provide valuable insights to enhance energy efficiency and help your business save money.

    It’s essential to factor in the cost when purchasing an energy monitor, as the annual savings you achieve may not outweigh the expense of a more sophisticated system.

    Government support with business energy bills

    Do commercial energy providers provide complimentary energy monitors and services?

    The majority of business energy suppliers typically do not provide complimentary business energy monitors and instead suggest customers purchase one from private retailers. Nonetheless, certain specialized business electricity tariffs may include an energy monitor as an integrated component of the package.

    How to reduce your business energy bills

    What are the alternatives to business energy monitors?

    Smart meters are the most readily accessible alternative to energy monitors. However, if your business operates with high electricity demand and employs a 00-profile class meter or a half-hourly meter, you have the option to acquire energy management software.

    This software allows you to delve into information at a much deeper level, revealing usage, supply patterns and costs in finer detail.

    It’s worth noting that this software is exclusively compatible with specific types of smart meter installations: commercial energy meters. To put it into perspective, only approximately 120,000 businesses in the UK utilize 00 meters.

    Additionally, these software systems can be somewhat complex to operate, often requiring advanced training for employees to maximize their utility.

    On the positive side, once you and your team become proficient with the technology, you should have the capacity to track consumption trends over specific time intervals and even conduct in-depth analyses of the performance of individual appliances and machinery.

    How to reduce your energy costs

    Monitoring your business’s energy consumption offers the advantage of identifying areas where you can implement changes to reduce usage, and energy bills and generate cost savings. Here’s a brief overview of strategies to help you achieve energy efficiency and financial benefits:

    1. Install Timers: Implement timer systems to control when and how long electrical equipment operates, reducing unnecessary energy consumption during non-operational hours.
    2. Energy Audits: Conduct an energy audit to assess your energy consumption patterns and identify opportunities for optimization. These audits provide valuable insights into potential efficiency improvements.
    3. Renewable Energy: Transition to renewable energy sources, such as solar or wind power, to decrease your reliance on conventional fossil fuels and reduce your carbon footprint.
    4. Hot Water Conservation: Implement measures to reduce hot water consumption, such as using low-flow fixtures and ensuring proper insulation of water heaters.
    5. Heat Pumps: Utilize commercial heat pumps for heating and cooling needs, as they are more energy-efficient compared to traditional HVAC systems.
    6. LED Lighting: Replace traditional lighting with energy-efficient LED lightbulbs, which consume less electricity and have a longer lifespan.
    7. Employee Education: Educate your staff on energy-saving practices, encouraging them to take responsibility for energy conservation in the workplace.
    8. Compare Business Energy Prices: Periodically compare business energy prices to ensure you are getting the best deal from energy suppliers.
    9. Compare Business Gas Prices: Similarly, evaluate and compare business gas prices to identify cost-saving opportunities in your gas consumption.
    10. Compare Business Electricity Prices: Regularly assess and compare business electricity prices to optimize your electricity expenses.

    For more comprehensive guidance on reducing your business’s energy consumption, consult our complete guide.

    Additionally, if you’re contemplating whether to fix your business energy prices in 2024, refer to our guide to find out everything you need to know.

    Get in touch with our energy experts to find out more about business energy monitors and start your business energy comparison today.

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    Choose your business address

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    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?
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    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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