quote
menu

Business Electricity Meter Types


There is a wide range of electricity meters that your business may have installed, depending on your electricity consumption and the times at which you operate. See below for our simple guide about each electricity meter type and how they could benefit your business.

Half Hourly Meters – Profile Class 00 or Smart Meter

Half Hourly meters take a reading of your business electricity demand every half an hour. These regular readings provide a very accurate insight into your business’s energy demand, helping to ensure that bills are precise and stop you from overspending.

Businesses with electricity consumption of over 100kW are automatically given a Half Hourly Meter whilst businesses with a consumption greater than 70kW can opt in to using a Half Hourly Meters.

Smart meters are a more contemporary version of Half Hourly meters and these are now being rolled out to businesses. Operating in the same way that Half Hourly Meters do, Smart Meters are more accessible and cost less to use.

Standard Meters – Profile Class 03

A Standard Meter uses just one unit rate when measuring a business’s electricity consumption, meaning that for every unit of energy used, it costs the same; no matter what time of day it is. Any Supply Number (MPAN) that begins with 03 is a Standard Meter, making them easily identifiable.

Businesses with low electricity consumption will often use a Standard Meter to supply their energy.

Economy 7 Meters – Profile Class 04

An Economy 7 meter is a two-rate electricity meter, with one rate measuring your daily usage and the other measuring night-time electricity consumption. The daily usage rate will charge your business a higher price per electricity unit during peak hours, and the night-time rate will be a lower price for every unit used within an established 7 hour period.

The 7 hours in which daily and night-time rates vary per area and energy supplier, so make sure to check when organising a new business electricity tariff.

Economy 10 Meters

Economy 10 meters are two rate energy meters, which work in a similar way to Economy 7 meters. However they operate over a 10 hour period, rather than 7 hours. These are typically only offered to business electricity customers, and can allow your business to save more money on its electricity costs during off-peak hours.

Also similar to Economy 7 meters, the hours in which each rate is applied varies between location and energy suppliers, so it’s best to check when comparing business electricity tariffs!

Evening and Weekend Meter

Evening and Weekend meters use a two-rate system when measuring business electricity consumption. However, rather than simply using the hours in a day to determine which rate is applied, they also consider which day your business is using its electricity.

These meters use one rate for day time electricity consumption, and a second, cheaper rate that is applied during evening hours and on weekends. This type of meter benefits businesses who use most of their electricity during evenings and weekends.

When comparing energy plans, be sure to ask about the hours in which Evening and Weekend rates are applied, as these vary between energy suppliers.

Evening, Weekend and Night Meter

Evening, Weekend and Night meters use a three energy unit rate to measure electricity usage. Businesses using this meter will be charged a more expensive rate for their day time electricity consumption, a second rate for their Evening and Weekend usage, and a final third rate when using electricity at night.

The night-time rate will be the cheapest of these three, which will benefit businesses that operate mostly at night and on the weekends, such as bars and nightclubs.

Maximum Demand 1 Rate Meter- Profile Class 05-08

Similar to Standard Rate meters, Maximum Demand 1 Rate meters use a single rate when measuring business electricity. However, these meters are designed for businesses with a high electricity consumption.

Maximum Demand 2 Rate Meter- Profile Class 05-08

Another electricity meter that’s similar to the Economy 7, a Maximum Demand 2 Rate meter uses a two-rate system that charges a cheaper unit rate during off-peak hours. This meter type is for business electricity customers using a large amount of energy.

Seasonal Time of Day (SToD) Meter

The Seasonal Time of Day (SToD) Meter is the most complex meter that businesses may use. When using the SToD electricity meter, your business will be charged different rates depending on the different times of day and different months during the year.

This brings in a huge variety of charges for your business electricity. A SToD meter can be very useful should your business experience highly fluctuating periods of electricity usage.

Related Off-Peak Meter

If you use a Related Off-Peak meter for your business electricity, this will mean having a second meter linked to your main energy meter. The second, or ‘related’ meter, consumes less energy than the main one and the off-peak rates offered will be cheaper.

Both of these meter will have a different MPAN, however they are billed on the same invoice, as if they were just one meter.

When you decide to switch energy suppliers, you must switch both your main business energy meter and its secondary related meter. If you do not switch both meters, your current supplier can object to your new energy supplier switch.

Multi Metered MPAN

A Multi Metered MPAN is used when multiple meters are linked to one main electricity meter. Your business’s main electricity meter will then monitor all of these meters and invoice these on the same bill with one MPAN.

This form of metering is likely to be used within a larger business group or site.

Related Articles

energy-meter-reading-numbers

Business Electricity Meter Types

There is a wide range of electricity meters that your business may have installed, depending on your electrici...

Read More

10 Bizarre Christmas Traditions From Around The World

Everybody has their traditions at Christmas. From watching a pantomime starring a questionable celebrity cast,...

Read More

Which country gets the most time off at Christmas?

Christmas is celebrated differently all over the world, just look at our 10 Bizarre Christmas Traditions artic...

Read More
Excellent, 9.8 / 10

Fantastic

"Fantastic! Very happy with the service received Would definitely recommend"

This review was posted by Room 305 on the 06th of December 2017

I've used Switch My Business for a few …

"I've used Switch My Business for a few years because they literally do everything for you with no fuss. Mark Weeks was incredibly helpful, friendly and understood how busy I was. He explained everything simply, clearly and found rates that matched my needs perfectly (needed a 0 fee standing rate gas supply). He prepared all the paperwork so all I had to do was print, sign and scan. Highly recommended!"

This review was posted by Jay Grocott on the 06th of December 2017

Mark Weeks is very informative of the …

"Mark Weeks is very informative of the current market and helped us change our utility provider effortlessly on an attractive contract"

This review was posted by Alex Slee on the 05th of December 2017

EXCELLENT SERVICE

"It was a seamless switch and Mark Weeks was extremely helpful and knowledgeable. I will be using SMB again on the next renewal date."

This review was posted by Marc Hesford on the 05th of December 2017

Mark Weeks provided quotations for my …

"Mark Weeks provided quotations for my search for alternative electricity supplier which were competitive though not significantly better than our current supplier. Very useful however."

This review was posted by john barrus on the 05th of December 2017