How Smart Meters Can Save You Hundreds On Electricity Billing

How Smart Meters Can Save You Hundreds On Electricity Billing

The adoption of smart meters is gaining momentum around the world as part of the movement toward sustainability and energy efficiency. Both households and businesses globally are shifting from traditional energy meters to smart meters due to their ease of use, automated consumption monitoring, and real opportunities to save on electricity billing, which is just what the doctor ordered for small and mid-sized companies grabbing every chance to cut costs.

At Softarex, we’ve singled out the top 3 benefits of smart meters that can help your business reduce its monthly energy bills.

Accurate Billing

Manual meter reading is not only time-consuming but also error-prone. Submitting inaccurate or no usage data at all can result in your supplier sending you unexpectedly high electricity bills estimated based on your previous consumption. It can make it hard for you to plan your budget, let alone cost you a pretty penny.

But thanks to smart meters, estimated power billing and overpaying can become things of the past for your business. No more worrying about making a mistake while reading, calculating, and submitting energy readings. With smart metering software in place, you can sit back and rely on accurate technology to automatically collect and send the latest data about your actual electricity usage to the supplier for billing.

Time Savings

It’s impossible for a business owner to keep everything under control and be everywhere at once. That’s why to ensure effective time management and improve productivity smart leaders delegate various tasks and duties to their employees or automation as in the case of utility management.

Therefore, investing in smart meter technology is a great way to save not only money on electricity billing but also time to focus on more important business matters and possibly grow more revenue.

Consumption Monitoring

Without any doubt, data is the lifeblood of any business. Today, forward-thinking companies use digital technology to extract maximum value from their raw data to better understand market trends, identify and mitigate risks, personalize the customer experience, optimize processes, improve performance, and more. 

And one such technology and yet another source of valuable insights for your business is smart metering. Intelligent meter reading devices allow you to monitor your consumption in near real time. Being aware of how much energy you use in relation to the tasks you do can help you track when exactly you’re consuming more electricity and make behavioral changes to cut costs.

As a business owner, you can cultivate new energy efficiency habits in your company. Start small by encouraging your employees to switch off the lights when they leave the room and to unplug computers, printers, copy machines, coffee makers, and other office electronics when not in use. Try these and other energy-saving tricks for a while and measure the success with your smart meters.

You can also make some adjustments to your business processes. For example, having real-time data at your fingertips, you can identify almost exactly which part of your equipment is consuming the most energy and experiment with its power or temperature settings. Like with behavioral habits, test various practices and see what cuts your electricity bills more significantly and effectively.

Get the Most Out of Your Smart Meter

As you can see, a smart meter not only takes the hassle out of manual data collection and readings submission but also provides your business with accurate, real-time data and tools to save hundreds on electricity billing. But again, only if coupled with energy-efficient office culture.

If you are ready to make the switch to smart metering in your business to cut overhead costs but are not sure where to start, Softarex is here to help. We are a team of Energy & Utility experts dedicated to helping companies improve customer service, automate routine tasks, and reduce costs while fulfilling government regulations. In over 20 years of the market, we’ve collaborated with both big European and North American businesses and service suppliers — check out our portfolio to learn more about our projects. Feel free to contact us to discuss your needs. Our consultants will gladly answer any questions you may have and assist you in building a smart meter implementation strategy for your business.