Element Energy trialling an online platform using smart meter data to boost SME access to energy efficiencyMay 4, 2020
Following a successful small-scale pilot last year, Element Energy has launched a year-long trial of an online platform, using small businesses’ smart meter data and business characteristics to provide tailored feedback and advice on energy efficiency.
The platform enables businesses to calculate typical savings and payback times for investing in efficient equipment and other efficiency measures, based on their existing equipment and usage. It also provides tailored comparative feedback on how each SME’s energy usage compares to similar businesses, along with many other features to help businesses engage with their energy usage and support them to invest in energy efficiency. Feedback from the pilot phase was positive, for example multiple users reported that the advice around energy efficient investments was particularly valuable and the calculator tools were helpful for assessing whether specific investments were appropriate for their businesses.
The project is funded by the Department for Business, Energy & Industrial Strategy (BEIS) under Phase 2 of the Boosting Access for SMEs to Energy Efficiency (BASEE) competition. The trial is being run in partnership with Opus Energy (part of Drax Group) and Octopus Energy, with trial participants coming from the customer bases of these energy suppliers. The participants include a wide variety of SME businesses from the retail, hospitality and office sectors. The trial will run until March 2021 and aims to demonstrate the benefits of the platform to SME businesses and to further enhance the platform to be suited to SMEs across all business sectors.Buildings, Energy Networks, Smart Energy Systems. Bookmark the permalink.