By Nick Ismail on Small Business – Advice and Ideas for UK Small Businesses and SMEs
Smart meters can lead to significant benefits for your small business.
We explore how using Amaryllis Hair Salon, Cardiff as a case study.
But, first it’s important to understand what is a smart meter.
What is a smart meter?
Smart meters are the next generation of gas and electricity meters currently being rolled out in homes and small businesses across Great Britain by energy suppliers.
Smart meters digitally measure how much energy you’re using and send your meter reading directly to your energy supplier at agreed intervals – putting an end to estimated bills.
How to get a smart meter for your business
You may be eligible for a smart meter if your business has the following:
fewer than 10 employees or their full time equivalent (including the business owner)
an annual turnover of less than £1.67 million; or
an energy consumption of no more than 100,000 kWh of electricity per year; or
a gas consumption of no more than 293,000 kWh per yearIf you rent your business space but don’t have your own gas and/or electricity meter, then you can ask your landlord if they plan to get one for your building.
Smart meter offerings may