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29 Dec

Everything a business needs to know about P272

by Simon Thompson
 

There has been a crucial change to the business energy supply market and all firms and organisations will soon have to appreciate what P272 to means for them.

That’s if they haven’t already undergone the transition which came about in October 2014 when Ofgem approved P272 which demanded that all business electricity meters be migrated to the Half Hourly market.

Essentially, this means that a business with a non-half hourly profile class electricity meter will need to change it.

The aim is to bring industry efficiencies which should deliver lower energy bills for businesses along with other benefits.

Find out whether your firm or organisation is affected by P272

To find out whether your firm or organisation is affected by P272 then they will need to check the non-half hourly electricity meters to see if they are in the Profile Class 05-08.

By doing so, the energy sector can monitor for actual consumption of energy from the data it receives every half-hour through remote communications with the meters.

That’s for larger firms and for smaller organisations the metering system delivers a ‘load profile’ which tells the supplier what the firm’s energy consumption has been for a given half-hour from the previous patterns of usage.

This half hour delivery of data will also lead to lower and more accurate bills which will help to counter any minor inconvenience switching meters may bring.

Ofgem’s enthusiasm for P272

Another reason for Ofgem’s enthusiasm for P272 is that the switch will also encourage firms to move their usage of energy to cheaper periods which will help lower bills and smooth out levels of peak demand.

By doing so, a company can also reduce their costs because energy suppliers are offering lower tariffs for those who can change the energy usage periods.

Ultimately, this will says Ofgem, lead to a more balanced and secure supply of energy thanks to the data provided by the P272 half hourly meters.

It’s a simple check to find out whether a business is already on half hourly, or HH, meters and they can do so by checking their bill to see whether the ‘electricity supply number’ box in the left-hand corner has the numbers 05 – 08 in it.

Finally, while the scheme to move business energy meters to the half hourly system began in November 2015 it is scheduled to be completed by April 2017; this means all firm should have made the switch by then.

For more help and advice about P272 and how to gain a better and cheaper tariff for a business, contact the experts at D-energi.