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Read the latest business news, blogs and thought leadership articles from our members, as well as updates on the Edinburgh Chamber of Commerce's work in the city.

News & Blog

Businesses are Taking Back Control with Smart Meters

Posted: 23rd November 2020

National restrictions continue to significantly affect businesses across the country and there is an enormous pressure on their financial situation.

Businesses may be juggling reduced income whilst navigating new income streams such as various government support measures.  They might be facing unexpected expenditure on PPE and the cost of making their business Covid secure.

As such, it is extremely challenging to budget month to month; something which is especially true for smaller businesses, who may already be operating with limited cash flow.

Take control with a smart meter

More than ever, the battle to keep control of company outgoings is crucial if they are to survive in this tough climate.  A straightforward place to start in this battle is a universal cost and key expense:  energy bills.

While every business receives regular energy bills, the vast majority don’t track how – and where –they are using their gas and electricity.

A proactive way of taking back control of this expense is by installing a smart meter, to show exactly how much energy is being used in real time.

Only pay for the energy you use

Another key benefit of smart meters is that businesses get billed exactly for the energy they use.  Unless very regular meter updates are provided, bills generated without the input of smart meters are estimated, based on the usage from a previous period.

If businesses have temporarily closed or furloughed some of their teams, this could be hugely damaging as they would be paying for energy they haven’t used yet, and might not use for several weeks, potentially making a big dent in their already fragile cash flow.

Don’t miss this opportunity

A smart meter is a positive step in taking control of business outgoings and if your firm has 10 employees or less your business could be eligible.

To see whether smart metering can work for your business, contact your energy supplier.  It could be one of the best calls you make this week.

Business Comment

Business Comment is the Edinburgh Chamber of Commerce’s bi-monthly magazine. It provides insight on Edinburgh’s vibrant business community, with features on the city’s key sectors, interviews with leading figures and news on new business developments in the capital.
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