Smart Metering is in the news today and the BBC have produced an overview of how a smart meter works in addition to their discussion on how much you can save with a smart meter. Whilst these refer to the domestic market, there is significant relevance for the business market also.

It’s a familiar story; if you can’t measure it or see it, it can be hard to do anything about it. It seems unlikely that energy prices will reduce over time, and this combined with the focus on Carbon Reduction Commitment for all, should make this a very real issue for most businesses.

Empirical research suggests that simply monitoring consumption, improves awareness and typically consumption will fall. Thus at the most basic level smart metering will help. What Smart metering will do above and beyond the basics for business is provide, up to date accurate information about their consumption.
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In the 21st century one of the greatest challenges we face is tackling that of climate change and global warming. It is clear that there is a link between our everyday activities and the increase in pollutants and greenhouse gas emissions. Therefore the issue of climate change is one which we have to tackle thanks to protocols and policies such as the KYOTO agreement and the UK Climate Change Bill. So ‘going green’ could be used as a stimulus to help the UK and potentially the world to pull itself out of the recession we are falling into.

Job Creation?

The electricity sector currently generates a huge amount of emissions with about 75% of UK power stations being coal or gas fired. In fact electricity generation accounts for over a third of the UK’s total carbon emissions. Therefore, if the UK were to migrate to using more alternative electricity generation methods such as wind, solar and hydro, emissions would fall dramatically. This transition could also produce a huge opportunity for job creation in the Low-carbon sector.

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