Energy Management with Smart Meters Energy Management with Smart Meters

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Efficient energy management is a key part in the sustainability strategy of Commerzbank. By switching to 100 per cent green electricity in Germany, the power consumption is almost without CO2 emissions, but with around 220 million kWh one of the largest cost units in real estate operations. Now it should be further reduced by the use of intelligent power meters.

These so-called "Smart Meters" measure the used electric power in a quarter-hour rhythm and transmit this data to an online tool. It provides precise information about the consumption behaviour, in particular at what times the need of energy is highest - or particularly low. On this basis, Commerzbank can develop measures for better and more cost-effective load balancing. In addition, the evaluation possibilities identify potential for energy savings. Overall, the Bank expects with the use of Smart Meters energy savings of about 10 per cent. Another advantage: Thanks to the Smart Meter, the cost-intensive and error-prone manual collection of data can be significantly reduced.

Initially around 300 Smart Meters are implemented, primarily in buildings with particularly high energy consumption. After a successful pilot, the project will be expanded, including the measurement of gas and water consumption. Commerzbank is one of the first DAX companies that implements Smart Meters.

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