Can I have a business energy contract if I work from home?
The gig economy is showing no signs of slowing down and micro businesses are thriving, with 76% of UK business...Read More
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.
"Very easy. Bea Luseni very efficient & knowledgeable."This review was posted by Alan Duffy on the 31st of March 2017
Super helpful and easy to work with
"Recommend this company in a heartbeat - Nicole Borneuf was super easy to talk to, was not pushy in the slightest, very helpful and replied with all my questions very professionally and did all she could to help. I had to deal with a few companies to sort my business energy out, all but Nicole were too pushy for my liking and I refused to follow through with them. Thank Nicole - you are a credit to your company, thank you for making the stressful energy change so easy."This review was posted by Mia Drew on the 29th of March 2017
An Extremely Competent Company
"Switch my business has not only helped my SME secure a good energy deal for the second year running but Jessica swiftly found a alternative supplier for me when I was let down on the day of switching by the new contractual provider I had chosen some 4 months previously. Being suddenly out of contract and without provider is everyone's energy nightmare. Greatest thanks."This review was posted by S McMillan on the 29th of March 2017
Helpful, friendly and we saved lots of money!
"Jessica Purnell was helpful and friendly, she made the whole process easy and simple AND we saved lots of money thanks Jess"This review was posted by Melanie Baker on the 23rd of March 2017
Quick & Easy
"Kabibi was very helpful and the whole process was very efficient. The one small reservation I had was that I was phoned up by Kabibi almost immediately having received my online quote - which wasn't enough time for me to finish reading the quotes! Fortunately she was able to assist me in a greater savings on both Gas & Electricity, and so as long as the switchover is seamless I will remain very happy with the service."This review was posted by Amanda Brown on the 21st of March 2017