News / Smart meters – what’s in it for you?

Smart meters – what’s in it for you?

13th June 2019

Smart meters launched in 2011, and the publicity about them since has been mixed. Most of the negative coverage revolves around consumer apprehension, and uncertainty about the benefits. Smart meter portability issues – older ‘SMETS 1’ meters could limit users to just one electricity supplier – also caused concerns.

As a result, the take-up for smart meters among consumers – and businesses too – has proved slower than the government and industry had hoped. However, two factors are now changing the landscape.

Read more below:

Firstly, the early adopters are seeing the real-life advantages of having switched to smart. These include saving time – thanks to automatic readings eliminating the need for a monthly manual read – and only paying for what you’ve used, due to receiving non-estimated bills.

Secondly, the introduction of a new generation of ‘SMETS 2’ smart meters is having a positive impact – on an ever-increasing number of users.

Over a million reasons to be smart

At Haven Power, we’ve only ever installed SMETS 2 smart meters for our customers – and now the rest of the industry’s catching up. So, if you’re about to ask your supplier for a smart meter installation, make sure you’re getting a SMETS 2!

The Data Communications Company (DCC) – responsible for establishing and monitoring the smart metering data and communications infrastructure – recently reached a milestone on the UK’s SMETS 2 smart meter rollout. Its website puts the total of SMETS2 meters on the network (as of June 6 2019) at 1,108,455.

This is a great achievement for the industry – so isn’t it time your business made the switch too?

Why have a SMETS2 smart meter?

Thanks to the new universal communication system that the DCC’s established, SMETS 2 meters allow you to easily switch your electricity provider. This means you’re not tied to a single supplier, and don’t have to give up the benefits of a smart meter if you get a new deal.

As even more SMETS 2 meters are rolled out, new technologies will emerge and businesses with this kind of meter will be in pole position to take advantage. If your business makes the switch to smart, you’ll start reaping the benefits of automation – such as not having to submit your own meter readings and knowing that your bills are accurate.

What’s more, with access to your ongoing consumption data, you’ll be able to analyse – perhaps with your supplier’s help – your energy usage. These insights could encourage operational changes across your business that lead to energy (as well as financial) savings. Naturally, a reduction in usage will also have a positive ecological impact.

This sustainability-led argument in favour of SMETS2 is part of a wider evolution: the UK’s move towards a coal-free future where our reliance upon renewables increases. In essence, the way that Britain delivers and consumes energy is changing – in ways that could have a profound effect upon your business.

As part of this change, generators such as Drax and suppliers like Haven Power are looking to innovate. We’re already trialling new ways of working that will benefit the environment and working successfully with customers on the adoption of battery storage and electric vehicles.

We’re also looking at a number of exciting new product and service developments based upon the potential of SMETS2 meters. So, watch this space!

Your business can make a difference – here’s how

The climate crisis is now much higher on the agenda of politicians and the public. It’s regularly featured on prime-time TV, the news and social media – see the coverage of the Extinction Rebellion, Greta Thunberg, and Britain’s recent coal-free period of 400+ hours.

With this increase in awareness – and willingness to act – comes a sense of shared responsibility. And your business can make a contribution, too.

By looking at the way you consume energy, you’ll start to see how small changes could make a real difference. A smart meter will provide you with usage data that could lead to behavioural changes and – potentially – cost savings. Even if these economies are relatively small, their impact will be much greater when consolidated across millions of businesses.

You could even take your energy management to a new level by using smart technology. Adopting a demand side response (DSR) approach to your electricity consumption could mean simply turning off appliances like lights, heaters and printers for half an hour to save energy. DSR could also help you make use of spare energy stored within your electric vehicle fleet, if you have one. This could either provide your business, or National Grid, with power at peak times – respectively, saving or even making you money.

With many other opportunities on the horizon, this a great time to get your SMETS2 smart meter – your gateway to a world of energy management possibilities – installed.

To start making the most of your business energy data, and a difference to the environment, register for your smart meter today using the button below.

Register today

Related articles