Business Energy Costs Post-Brexit
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If you run a large business, half hourly metering is something you should be familiar with. Since the P272 legislation, all business energy suppliers are required to use half hourly metering to monitor businesses using the Profile Classes 05-08, typically known as Maximum Demand. Here at SwitchMyBusiness.com, we are answering questions you may have about half hourly meters and how they work.
A half hourly meter is an energy meter that monitors the amount of electricity used by a business within a half-hour period. An Automatic Meter Reading (AMR) function is usually installed in these meters, and this is what makes the energy reading and sends the data to business electricity suppliers to provide an accurate insight into their customers’ usages.
As half hourly meter readings are taken so frequently and are automatically sent to energy suppliers, they make electricity bills very accurate. Business electricity suppliers no longer need to estimate what they should be charging customers, they can now accurately calculate how much electricity has been used and how much the business needs to be billed.
The accuracy gained from half hourly meters also allows businesses to identify any energy efficiency issues, and monitor the impact of any efficiency measures in place at your business.
Businesses with a peak electricity loads of 100kW or more in a half hour period are required to use half hourly meters to monitor their electricity usage. If your business electricity peak load is 70kw, you have the option to use a half hourly meter to monitor your electricity, but there is no requirement to do so.
To see if you have a half hourly meter installed, simply check the Supply Number on the most recent electricity bill for your business premises. If the number begins with ‘00’, a half hourly meter is installed on your property and monitoring your business electricity.
Lorraine was great to deal with and was…
"Lorraine was great to deal with and was able to sort out my new electricity contract quickly and zero hassle... thank you"This review was posted by Keith Hall on the 17th of January 2020
thank you to Cheryl & Luke
"Received some great advice and made a saving too. Whilst transferring our account to a new tariff I mentioned I had just started another new business, Having picked Cheryl's brains re another supply address, I'll be back in touch next week to sign up that one too."This review was posted by Lesley on the 16th of January 2020
Very good product and service
"Very good product and service. a big thank to Cheryl Sreenan who is always patient and helpful finding us great deals. using their service for our second company this year as a return customer. thank you,"This review was posted by Leo leod on the 16th of January 2020
Great Service received today from Luke…
"Great Service received today from Luke Hibbert quick and easy switch over for our gas supplier with a saving too! Highly recommended."This review was posted by Amy on the 16th of January 2020
5 stars for Cheryl who found me massive…
"5 stars for Cheryl who found me massive savings. Highly recommended."This review was posted by Cathy hooker on the 16th of January 2020