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Understanding revenue and expenditure is key to a successful business. Smart meters offer transparency in this vital area.
Without visibility into day-to-day spending on gas and electricity, working out your bottom line can difficult, if not impossible. High prices and a lack of clarity around energy use are especially worrying for small businesses with a plethora of other priorities and limited resources.
In a 2014 report by Citizen’s Advice, 46% of companies cited mains electricity as the number one cost concern for small businesses. Managing costs is made harder by estimated bills, which make planning and budgeting difficult. How can you reduce your overheads if you can’t monitor what you’re spending as you go along?
This is all about to change. Between now and 2020, every home and microbusiness – a business with fewer than ten employees – across Great Britain will be offered a smart meter by their energy supplier.
Smart meters measure gas and electricity use and communicate this information directly to your energy supplier and your smart meter display, using secure wireless technology. These new meters will mean your business receives only accurate bills, with no need for manual meter readings and unpredictable estimates.
The accompanying smart meter display will also give you near real time information on your energy use in pounds and pence, so you can finally take control of your gas and electricity. The Department of Energy and Climate Change (DECC) has predicted that as a sector, small businesses could save £1.44 billion by reducing their energy consumption.
As a small business owner, having a smart meter installed will help you to see the real cost of the energy you’re using, identify where you can cut back and reduce overheads, and better manage your cash flow.
Greater visibility around energy use is also essential for a competitive energy market in which everyone is well equipped to choose the right tariff and supplier for them. Once the national infrastructure is complete, smart meters will be fully interoperable between suppliers and switching will become quicker and easier.
Microbusinesses make up approximately 96% of all UK businesses in Great Britain. This means the national rollout of smart meters will have a huge impact on the business world, just as it will for households across the three nations.
Some restrictions apply to eligibility, so it is best to contact your energy supplier for more information. However, as a general rule:
Smart Energy GB is the national campaign for smart meter rollout. It’s their task to help everyone in Great Britain understand smart meters, the national rollout and how to use their new meters to get their gas and electricity under control.
To find out more about getting a smart meter from your energy supplier please visit: smartenergyGB.org/small-businesses
More information on business electricity is available on our dedicated page.
Competent and courteous service.
"Marie was knowledgeable and helpful. I feel able to recommend the service given without reservation. David Slesenger"This review was posted by David Slesenger on the 16th of August 2016
"Nadia was very helpful"This review was posted by Robin on the 16th of August 2016
Excellent Customer Service *****
"Jonathan Burgess is an asset to Switch My Business. He made me feel at ease and was more than helpful at all times. He made regular contact and guided me through the whole process which made switching a breeze. I just wish there were more customer service advisers like Jonathon whose friendly and happy demeanour make your day a much nicer one. Well done Switch my business and more importantly thank you Jonathon for all your hard work! Maria Owen Lodgecrest"This review was posted by Maria Owen on the 17th of August 2016
EXCELLENT CUSTOMER SERVICE
"I totally agree with a customer maria owen,Jonathan Burgess was such a pleasure dealing with and is truly a asset to the company, he made it very easy to switch my electricity companies, Jonathan Burgess was very helpful, easy to talk to it was like talking to a friend not just a customer adviser. I would definitely recommend switchmybusiness and try get hold off Jonathan Burgess if possible and have the same excellent service as I did. Rajan Shanan"This review was posted by Rajan Shanan on the 19th of August 2016
Excellent and very helpful
"Arron who dealt with my switch of energy and gas has been a huge help and extremely efficienct and easy to deal with. Despite British Gas throwing obstacles in the way at every turn he has doggedly stuck to his task and saved the day. Thanks Arron."This review was posted by Rod Pryce-Jones on the 19th of August 2016