In today’s energy-conscious world, businesses face mounting pressure to cut costs, optimize energy usage, and meet ambitious sustainability targets. Many energy platforms rely on analyzing historical utility bills, but this approach only scratches the surface. At Builtrix, we’ve developed a smarter way forward: combining smart meter and utility bill data. This innovative method provides detailed insights, actionable recommendations, and a clear path to significant energy and cost savings.
What Makes This Approach Different?
Smart meter data gives real-time insights into energy consumption patterns, while utility invoices paint a broader picture of usage trends. By merging these two data sources, businesses unlock powerful benefits:
Maximizing Time-of-Use (ToU) Tariffs: Smart meter data reveals exactly when energy is consumed, helping businesses shift usage to lower-cost periods, like off-peak hours, for substantial savings.
Identifying Inefficiencies: Uncover hidden issues, such as equipment running after hours or unexpected spikes in consumption, that utility bills alone can’t explain.
Leveraging AI for Better Decisions: Advanced AI tools analyze granular data to predict seasonal trends, benchmark energy performance, and even simulate cost-saving scenarios.
Take, for example, a gym that consumes 13,000 kWh of electricity each month. By analyzing smart meter data, it could shift operations to off-peak periods, saving up to €500—savings that would be impossible to identify with invoices alone.
Why Utility Bills Aren’t Enough
Relying solely on utility invoices leaves businesses in the dark about key opportunities:
Limited Detail: Invoices summarize usage but don’t show exactly when energy is consumed.
Missed Optimizations: Without detailed data, businesses can’t adjust contracts or shift operations to cut costs.
Inaccurate Forecasting: Monthly summaries lack the granularity needed for reliable predictions or benchmarking.
For instance, a business on a ToU tariff might see high energy costs during peak hours, but the invoice won’t explain what caused the spike. Was it unnecessary equipment running, or critical operations that could be rescheduled? These answers require the level of detail only smart meter data provides.
How Smart Meter and Utility Bill Data Delivers More Value
When paired with utility invoices, smart meter data becomes a powerful tool for transforming energy management. Here’s how:
Detailed Usage Analysis: Break down energy use into specific days, hours, or even 15-minute intervals to pinpoint exactly where savings are possible.
Smarter Adjustments: Automate systems or reschedule tasks to avoid high-cost periods, saving money without compromising operations.
AI-Driven Insights: From predicting energy spikes during summer to simulating operational changes, AI uses this combined data to guide smarter, cost-effective strategies.
Take Your Energy Strategy to the Next Level
At Builtrix, we’re helping businesses achieve real results by combining the precision of smart meter data with the context of utility invoices. This comprehensive approach unlocks deep insights into energy usage, enabling businesses to reduce costs, improve efficiency, and make meaningful progress toward sustainability goals.
Ready to transform your energy management?