quote
menu

Business Electricity Meter Types


Business Electricity Meter Types: What You Need to Know

If you don’t know much about the different types of electricity meter available for businesses, now’s the time to learn. Having the right type of meter is essential if you want to get the best rates for your company and keep your energy bills as low as possible. Here’s a brief overview of the most common types.

One-Rate Meters

A one-rate meter has a single unit price for all hours of the day and night, so your electricity costs the same amount no matter when you use it. This is the most common type of business meter because it’s best suited to those operating during typical working hours – between 8am and 10pm.

Examples

The vast majority of single rate meters are standard meters. A similar alternative, however, is the Maximum Demand 1 Rate Meter, which works in the same way but is designed to accommodate high demand customers.

Two-Rate Meters

A two-rate meter has two unit prices, meaning it has two different rates for two distinct periods of the day. This type of meter is great for businesses operating between midnight and 8am, as the period with a cheaper unit price usually occurs during this time. It’s also well-suited to businesses which use night storage heaters.

Examples

The Economy 7 meter is the simplest and most common of the two-rate meters. It has a higher rate during daytime hours and a cheaper rate for a 7-hour off-peak period, usually between 11pm and 8am. The Economy 10 works in a very similar way but, as the name indicates, the lower rate lasts for 10 off-peak hours instead.

A slightly more complex type of two-rate meter is an Evening and Weekend meter. In this case, rates vary according to days as well as hours. There is one more expensive rate for the daytime and a second cheaper rate for both evening and weekend usage.

There is also the option of a Maximum Demand 2 Rate Meter for high demand customers operating primarily during evenings and weekends.

Three-Rate Meters

A three-rate meter has three unit prices for three distinct periods. This most often means there’s a day rate, an evening/weekend rate, and a night rate. Typically, the day rate is the most expensive, the evening and weekend rate is cheaper, and the night rate costs the least. This type of meter is ideal for nightclubs, and certain pubs and takeaways.

Examples

A three-rate meter is also known as an Evening, Weekend and Night meter.

Other Multi-Rate Meters

Some meters have even more than two or three rates which depend not only on the time of the day or week, but other factors too.

Examples

A Seasonal Time of the Day (SToD) Meter is a complex multi-rate meter with rates which vary according to the time of year, as well as the time of day or week. This type of meter may be appropriate for businesses which have extreme peaks of electricity usage in certain months.

It’s important to note that the type of meter at your business address will determine what electricity tariffs you’re eligible for, so making sure you have the most appropriate meter can be hugely beneficial. If you think your business doesn’t have the type of meter best suited to its energy use, you can contact your electricity supplier to request a change.

Related Articles

DCP228 and Business Electricity

What is DCP228? DCP228 is a regulation to be introduced by Ofgem in April 2018 which will change the way busin...

Read More
energy news

DCP 161 – Excess Capacity Charges

If your business uses a Half Hourly (HH) meter for its energy supply, make sure you’re ready for DCP 161...

Read More
Scottish Power logo

Total Gas & Power

Total Gas & Power is a business energy supplier, wholly owned by Total SA. It has been a leading business ...

Read More
Excellent, 9.8 / 10

Excellent Service

"Excellent service from Lorraine. Clear advice. Helpful and efficient change over. Well done"

This review was posted by Clive Burns on the 17th of October 2018

Excellent service

"Excellent service Cant fault the advice and support received from Cheryl Sreenan right from our very first telephone conversation. We never felt pressurised to make a decision about changing our Business Energy provider and it was the professionalism that Cheryl showed throughout our decision making that persuaded us to choose Switch my Business over the other comparison sites we had used beforehand."

This review was posted by Lisa W on the 16th of October 2018

Great communication with Aaron over the…

"Great communication with Aaron over the telephone when going through my utilities."

This review was posted by Gary Ashley on the 16th of October 2018

Very happy with my experience of using…

"Very happy with my experience of using Switch My Business. Mark Weeks has made the process very straight forward, explaining each process in a positive and helpful manner. Would not hesitate in recommending using this company in the future."

This review was posted by Rachel Williams on the 16th of October 2018

Excellent service so far

"Excellent service so far! Elliot was really helpful. Its always a bit daunting switching utilities but a really professional service!"

This review was posted by Alison on the 16th of October 2018