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.
Excellent service from Bhavni Manek
"Excellent service from Bhavni Manek. No pressure, made sure I understood exactly what the switch process entailed. Got me a great deal. Well done."This review was posted by Phil Whitehouse on the 17th of August 2019
Omar was a great help
"Omar was a great help, easy to understand"This review was posted by Tom Jenkins on the 16th of August 2019
Above and beyond...
"What superb service provided by Cheryl, very patient and nothing was too much trouble for her; above and beyond as we used to say. There is nothing exciting about switching suppliers but Cheryl managed to make the whole process painless and stress free, prices were great as well and as a charity that is good news. Many thanks Cheryl."This review was posted by Lynn Disley on the 16th of August 2019
Lorraine was very helpful and friendly…
"Lorraine was very helpful and friendly while helping me switch my business electricity to a much better deal, saving me thousands over the contract term. This was my first time using this service and I will now use it for my other sites and will also recommend it."This review was posted by Cheryl Simpson on the 16th of August 2019
"Great service x"This review was posted by James Tucker on the 15th of August 2019