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.
Lorraine Carey was great
"Lorraine Carey was great ! Kind of took all the hard work out of comparing, and got us on a great deal Thanks again Chris"This review was posted by Chris sharp on the 12th of December 2019
nothing too much trouble
"once again, i have dealt with Cheryl, who has taken me through the whole process, and with her teams help, have located an incorrectly registered meter, got it corrected, and onto a great deal. many thanks again. Allan"This review was posted by Allan B on the 11th of December 2019
Mark Weeks was thorough
"Mark Weeks was thorough, professional and friendly. I would not hesitate to recommend him and his company."This review was posted by Dennis Sullivan on the 11th of December 2019
Switching was made easy
"I had problems getting hold of my previous supplier and decided to change. I tried switch my business and Cheryl Sreenan made my problems disappear. Thank you very much for all your help."This review was posted by sean boswell on the 10th of December 2019
Cheryl was very friendly and helpful…
"Cheryl was very friendly and helpful and made the switching process totally painless."This review was posted by Lynn Sebbage on the 09th of December 2019