Business Energy Costs Post-Brexit
North West businesses need to act quickly to secure their energy prices, before Brexit cost increases With the...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.
I spoke with Nicole today regarding our…
"I spoke with Nicole today regarding our electricity supply at new premises and she took the stress out of finding the best deal for our company as there are so many things to think about when moving. Thank you Nicole. Madeline Lugton"This review was posted by MADELINE LUGTON on the 23rd of April 2019
Bhvani was excellent and very…
"Bhvani was excellent and very efficient. Made my job as Treasurer a great deal easier. Please thank her."This review was posted by Adrian Stannard on the 18th of April 2019
Lorraine was very helpful in helping us…
"Lorraine was very helpful in helping us to transfer our energy provider"This review was posted by Tony Kidby on the 17th of April 2019
Bhavni was incredibly helpful
"Bhavni was incredibly helpful, informative and patient. No hard sell, just gentle reminders. Will recommend to friends, family and business associates."This review was posted by Jox65 on the 15th of April 2019
Helpful and quick
"Helpful and quick, thanks Lorraine"This review was posted by Arron Seymour on the 12th of April 2019