5 Benefits of Smart Business Energy Monitors
Powering the Future with Smart Energy Monitors
Are you looking to maximise cost savings and reduce operational expenses? Perhaps you need to make changes for sustainability and ESG reporting. When it comes to energy management, smart business energy monitors are the answer to many pressing priorities faced by businesses.
Businesses today face a maze of challenges connected to energy. From volatile wholesale prices that are sensitive to geopolitical changes to the growing urgency around environmental compliance requirements, these additional considerations add to the complexity of running a business. As you scale or add shops and locations, so the complexity increases.
Smart business energy monitors power smart energy management processes. They allow quick access to real-time data, detailed historical reporting, and provide easy to understand information
What is a smart business energy monitor?
Smart business energy monitoring connects to your business smart meter, providing real-time data insights on your energy consumption, costs, and other energy-related factors. Data means nothing if you can’t understand it, so software that compiles this information – like SmarterView, DataView, and OpenView – is vital to analysing and acting on data effectively.
Ranking the top benefits of business energy monitoring
Understand how much energy you are using
There is extensive power in transparency around what is being used, when, and where. If you are worried about high (and rising) energy bills, business energy monitors are the best way to ensure you’re not consuming more than you need to.
Using real-time, accurate data, it is easy to formulate consumption patterns and identify areas of potential savings. This could involve replacing inefficient equipment or addressing structural issues or effecting simple changes in behaviour like lighting automations, heating adjustments, or more effective peak load management.
With tripwire functionality, your business is also empowered to react immediately to unusual or undesirable spikes in usage, so you can better control your energy consumption and spend.
Reduce your consumption and your carbon footprint
Adopting more sustainable practices is essential, with the built environment in the UK responsible for 25% of the country’s carbon emissions. Energy reduction has a key role to play in meeting the milestones required to achieve net zero.
As above, energy monitors provide businesses with the insights they need to reduce consumption and lay evolving strategies for change. For example, making the shift to renewable energy sources may be in your business’s future. From the viability of a solar array to monitoring offsets and ROI, both the business case and ongoing effectiveness of commercial solar can be assessed using energy monitors.
The growing importance of ESG for businesses and commercial real estate relies on accurate and detailed historical data to be done effectively. This is critical to benchmarking and reporting. Additionally, this data will be central to achieving certifications like ISO 50001, BREEAM, LEED, and others.
Save on your energy spend
Cutting consumption means cutting cost. While the installation alone will not be enough to save you money, developing strategies for change and reduced consumption will pay a role in reducing energy expenses.
By using our energy procurement monitoring software, you’ll also get full transparency on the markets, so you can make data-driven decisions around your energy contracts.
Prevent billing errors
Ongoing energy monitoring means billing is more transparent, with fewer surprises when it comes to billing. Your smart meter will send billing data directly to your supplier, but using energy monitoring software gives you greater control over consumption and billing. It also provides useful tools should any billing-related issues happen.
Consolidate multi-site energy management
Maybe you’re a landlord to a multi-tenanted commercial complex or a retail owner with a collection of stores. Whether you’re looking to scale or simply operate across different sites, smart energy management requires a consolidated view of your operations.
Smart energy monitors like SmarterView provide a unified view of consumption across different sites from a single, remotely accessible dashboard for simple, powerful energy management.
Contact Smarter Business for a smart business energy monitoring solution
Power the most effective energy management optimisations with smart meters and business energy monitoring platforms from Smarter Business. Contact us today.