What’s a smart meter, you ask?
You might be asking because you’ve recently realized your power bill is too high, or you don’t know where you’re leaking energy in your facility. Unfortunately, your typical energy meter won’t give you much info, which is why smart meters are quickly becoming a business must-have.
Let’s take a look at how smart meters can give you better optics on your facility's energy usage and what the benefits and disadvantages are of having one.
What is a smart meter?
Smart meters offer real-time insights into the electricity usage of your facility. This detailed information on energy consumption (often referred to as “energy data”) reveals patterns in usage. This energy data can allow you to identify areas of waste and make informed decisions to save energy and reduce costs.
Most smart energy meters resemble traditional utility meters but with additional features and a digital display screen that provides real-time information. Some smart meters will even transmit usage data wirelessly to the owner. While the process of installing a smart meter isn't overly complicated, installation should be done by a trained technician.
Benefits of smart meters
There’s a reason why many companies are now installing smart meters in their facilities. Let’s take a look at why smart meters are often the first step businesses take when looking to save energy and lower their monthly utility bill.
- Comprehensive energy data
The greatest value smart meters provide is their ability to provide a detailed breakdown of your facility's energy data, which will include metrics such as power factor and usage patterns. This granular information will empower you to understand your energy usage more comprehensively, identify areas for improvement, and make informed decisions to optimize efficiency.
- Real-time updates
Unlike traditional meters that provide information only once a month on your utility bill, smart meters offer real-time insights into energy consumption. This real-time data allows users to monitor their energy usage as it happens, enabling them to adjust their behavior or operations promptly to conserve energy and reduce costs.
- Tailored solutions
Smart meters go beyond simply providing data—they can also offer tailored recommendations for energy reduction based on your specific usage patterns. By analyzing your energy consumption habits, smart meters can suggest personalized strategies and adjustments to help you minimize waste and maximize efficiency.
- Non-invasive installation
One of the significant advantages of smart meters is that they don't require an expensive overhaul of machinery or infrastructure to implement. Unlike some energy-saving technologies that necessitate costly upgrades or replacements, smart meters can be installed relatively easily and seamlessly integrate with existing systems, making them a cost-effective solution for businesses looking to improve energy efficiency.
Disadvantages of smart meters
While smart meters are an excellent way to access information on your energy usage, there are some points you should consider before diving in.
- Up-front costs
It’s true, initial installation cost of a smart meter can be a barrier for some—they can cost anywhere from $40 to $200 per connection. However, smart meters can ultimately lead to solutions that lower your monthly utility bills and save your equipment from deterioration—making them a strong investment in the long run.
Only provide data
It's crucial to note that while smart meters provide valuable insights into energy usage, they do not directly clean up your energy supply. It's up to you to take action based on the data provided by smart meters. That’s why Electripure’s CleanPQ solution is so great—it’s a smart meter and a harmonics filter all in one, meaning it provides you with data and cleans your power as an all-in-one solution.
- Data security/privacy concerns
Smart meters collect detailed information about energy usage, which may be sensitive and personal. There is a risk that this data could be intercepted, accessed without authorization, or used for purposes beyond its intended scope. Businesses should have robust data protection measures in place and have strict privacy policies before deploying a smart meter.
Get Smart
Ready to get a smart meter for your facility? Take a look at Electripure’s CleanPQ system, which will give you the energy data you need and clean your power at the same time. Plus, our friendly experts will come do a consultation for free at your facility.
Contact us today and schedule an appointment when you’re ready to get your money out of the energy you’ve already paid for.