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.
"Christine Rogerson was very helpful. She advised me on my energy requirements and worked out the best tariff that fit with my need and budget. She wasn't pushy at all. I do not like dealing with energy companies but Christine seemed a very considerate and genuine person. I am happy with the contracts that she has advised for me. Many thanks."This review was posted by Bilal Riaz on the 15th of October 2019
Bhavni was lovely.
"Bhavni was lovely. I had previously spoken to her regarding another agent from a different company that lied to me. She advised me on the law of selling energy. She wasn't pushy at all. I do not like dealing with energy companies but Bhavni seemed a very considerate and genuine person. I am happy with the contracts that she has arranged for me. She also advised me on how to stop cold calling. Many thanks."This review was posted by Helen Mitchell on the 15th of October 2019
Luke Hibbert was excellent and…
"Luke Hibbert was excellent and transferred over my electric and gas accounts and saved me a good amount of money! very happy with service."This review was posted by Michelle on the 14th of October 2019
Bhavni Manek Was very helpful and…
"Bhavni Manek Was very helpful and patient throughout our time selecting a business tariff. I am very happy with this service and will be recommending yourself and the company."This review was posted by Stephen Jones on the 14th of October 2019
"Very helpful, and most importantly very quick service. No gassing just sorting the issues quickly"This review was posted by Lewis Fulton on the 14th of October 2019