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.
"Great Service Thanks a lot"This review was posted by simon walton on the 24th of January 2020
Mark made our switch very easy
"Mark was very quick to follow up our request to switch our business electricity supplier and made the process simple and easy to do. All his contact information was supplied and we can ring with any problems in the future. All the documentation was easy to complete and done in no time. Thank you Mark"This review was posted by Lynda Webster on the 24th of January 2020
Excellent service from Lorraine
"Excellent service from Lorraine. Very helpful and professional aswell as nice and chearie to talk to. Made switch over very easy and kept in contact to ensure everything was ok and documetns received."This review was posted by Graeme on the 24th of January 2020
Very happy with how Lorraine Carey…
"Very happy with how Lorraine Carey dealt with my situation"This review was posted by Kelly Lewis on the 23rd of January 2020
I found Lorraine to be very helpful and…
"I found Lorraine to be very helpful and efficient. Sorted my energy switch over with ease and to my satisfaction."This review was posted by Nokesz Hair on the 23rd of January 2020