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.
Cheryl was amazing
"Cheryl was amazing! Very helpful, very cheerful and polite. I was more than happy with the service ????. Everything was explained clearly and with our best interest at heart. Thanks again"This review was posted by Chibuike on the 25th of June 2019
Lorraine was a pleasure to speak to
"Lorraine was a pleasure to speak to! She was friendly, professional and extremely helpful! She made the process very easy for me to understand and answered all my questions I had. Will definitely enjoy speak to her again and will 100% use you guys for all my electric/gas/water needs!!"This review was posted by Meigan on the 24th of June 2019
spoke to Cheryl today was extremely…
"spoke to Cheryl today was extremely helpful and was a quick and easy process. Thank you"This review was posted by Katie Bennett on the 24th of June 2019
Spoke with the customer service agent
"Spoke with the customer service agent, Cheryl Sreenan who was cheerful and empathetic. I received the quotes I wanted and they were accurate and useful. I was surprised to get such a good service without the hard sell and will, therefore, happily return again."This review was posted by Paul Morgan on the 21st of June 2019
My Business Gas v helpful Danielle Thompson and Jay Underwood…
"My Business Gas were very helpful in giving advice and best prices of gas and electricity and general advice all round. Two poeople I would commend for their total commitment to the company and for information given are Danielle Thompson and Jay Underwood. Much appreciated Donal Heffernan M.D. Seagas Industries Ltd"This review was posted by Donal Heffernan on the 20th of June 2019