The UK Retail Landscape
The UK retail landscape is in constant flux. The high street evolves to accommodate changing trends, and as a ...Read More
P272 will change the way that all Maximum Demand meters (Profile Classes 05-08) with Automatic Meter Reading (AMR) operate, making them use the same settlement as Half Hourly (HH) electricity meters. As the name suggests, Half Hourly meters (Profile Class 00) take energy readings every half an hour and this data is then sent to your business electricity supplier to provide an accurate picture of your energy usage.
If your business electricity meter uses AMR and your Profile Class is 05-08, then your meter readings will be affected by P272. Your electricity supplier will receive meter readings every half an hour, and the data collected from this will allow your supplier to accurately charge for the electricity your business uses.
The introduction of P272 means that business electricity will be measured more accurately than it has been previously, meaning that you will be charged a representative bill for your business’s usage. Whether your business electricity bills will be cheaper or not as a result of P272 is dependent on if the previous predetermined industry forecasts underestimated or overestimated your previous bills.
If you are looking to make your business electricity bills cheaper, try our simple and easy-to-use comparison service. We compare business electricity tariffs from a range of suppliers, so you can feel confident that you are getting the best deal for your business!
If you use a AMR meter, this should be capable of taking half-hourly readings so you will not need a new meter installed. Your AMR meter should be configured overnight to align with P272.
If you do require a new meter installation, or a site visit from your electricity supplier, they should be in contact with your business to organise this for you.
The deadline for P272 is 1st April 2016. By this time, all UK business electricity suppliers should be compliant with P272 and your business electricity tariff will be altered to fit with this regulation.
You can find more information about P272 on Ofgem’s site, or you can get in touch with us on 0330 0100 251 and we’ll be able to help you with any questions.
You can also request a callback using our online form and we’ll get in contact to answer your questions.
Thank you Lorraine for all your help…
"Thank you Lorraine for all your help today. Switching our business energy provider was so easy with you and you found us a fantastic deal. Many thanks, Sandra Harwood."This review was posted by Sandra Harwood on the 31st of March 2020
great help in difficult times
"thank you Cheryl for your help today and sorting me a great deal under very different circumstances"This review was posted by Yvonne Fagan on the 30th of March 2020
Thank you Mark Street,
"Thank you Mark Street, Thank you for your swift and professional response to my inquiry and your friendly service."This review was posted by Anna Jensen on the 30th of March 2020
Thanks again Mark Weeks!
"As a result of such good service from Mark Weeks with a previous energy contract I came straight back for help with another and again, I could not fault the service."This review was posted by Lowther Farms on the 28th of March 2020
"Had brilliant service from Mark. Very polite, informative, brilliant service. Kept me informed every step of the way. Very smooth transition. Highly recommended. Thank you Mark, brilliant service."This review was posted by HILLs on the 27th of March 2020