Seems like everything nowadays is becoming smart. Smart watch, smart home, and now smart…meters? That’s right! Even utility meters are becoming “smart” as technologies now allow a two-way communication between the meter readings and utility or third-party platforms, allowing the “Internet of Things” to increase building operations efficiency.
Slow Down: What’s a Smart Meter?
hourly to minute-to-minute meter readings. This data enables informed decisions by end-users to better manage their utility consumption.
Utilities Embrace Smart Meter Data
Green Button is a Department of Energy-led initiative that allows end-users to download their energy data directly from their utility companies through a secure platform. Green Button smart meters report data one to two days late. Additionally, this data must be manually downloaded. Even though this access to data is a step in the right direction, real-time data is the ideal standard because it provides constant information on the system for optimal monitoring and real-time alerts.
But…Meters Need Energy Management Systems
the individual needs of each building in your portfolio.
Going Beyond Smart Meters
- Easier interpretation of the energy curve with detailed interval data.
- Swift correction of negative or harmful trends.
- More time to respond to issues.
- Optimized operating schedules with new data.
- Increased tenant satisfaction and engagement with lower energy costs.
As the Internet of Things slowly infiltrates the commercial real estate industry, data-driven processes will take over the building management market–for the better. Image if every building had smart meters with energy management systems: every building would have accurate, actionable data to increase performance. Every building manager would know how the building was consuming energy, water, and gas in real time. Every energy management system could then provide analysis for the building managers to improve their energy performance.