Smarter Energy Procurement with Electralink
Your Live Usage In Safe Hands With Electralink
Understanding your business energy consumption is an important first step for effective corporate energy procurement. Collecting high-quality data allows demand and consumption to be accurately determined.
In sourcing the best and most suitable energy contracts for your business, Smarter Business needs to understand your business energy requirements. We utilise Electralink along with our Dataview, Openview, and SmarterView systems to deliver real-time consumption data. This enables us to formulate optimal procurement strategies and secure the most suitable contract for your business needs.
What commercial energy data do we collect with Electralink?
Electralink gives us immediate access to your current business energy supplier status and information.
We also use Electralink to collect data on our non half-hourly energy customers. This gives us insight into the latest AQ consumption. An inaccurate AQ consumption could result in incorrect contract pricing, rejected meter readings, and large disparities in readings can affect meter point reconciliations.
The value of data for commercial energy procurement
Understanding consumption data puts businesses in a powerful position to negotiate during the procurement process and negotiate their contracts and rates. In our hands, we use this data to create energy and volume profiles.
This empowers more accurate predictions and forecasting for more accurate procurement plans. This also reduces the risk of penalties for incorrect consumption estimates or changes to consumption trends in the future. These are valuable tools in securing the best contract for your needs today and into the future.
This data can be used by suppliers to design contracts around consumption, together with terms for resilience around market volatility. This removes the risk – and cost implication – of estimates, short-term insights, and incorrect consumption trends.
Using today’s energy consumption data to prepare for tomorrow
Shifting geopolitical landscapes, energy price volatility, and the race to net zero are some of the main factors underpinning the need for smarter energy procurement. Data has an invaluable role to play in securing your interests and bottom line with these factors in mind.
Implementing smart metering solutions and monitoring data over time using energy monitoring software like Dataview and SmarterView is the best way to strategically benchmark, cut consumption, measure effectiveness, and report on positive changes.
From a procurement perspective, fluctuations in consumption can have significant contractual implications. Collaborating with commercial energy professionals ensures these factors are meticulously considered, aligning with your business’s current conditions and future aspirations to maximise value and ensure ongoing suitability.
Get smarter about your business energy with Smarter Business
Contact Smarter Business today to find out more about our business energy procurement services. Using Electralink, we’ll access your consumption data to design procurement strategies and contracts that are a match for your business today and in the future.