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9 Mar

How to Get A Half Hourly Electricity Quote

by Simon Thompson
 

Whether your business or organisation is looking to renew its current half hourly supply contract, or upgrading from a lower demand, you will be needing the cheapest half hourly electricity quote for meeting your needs.

The big issue when it comes to sourcing cheap half hourly quotes from providers is that there is a half hourly meter requirement to do so.

That’s because this meter will record your firm’s electricity consumption and send this information directly to the supplier every 30 minutes.

However, in the search for the best half hourly electricity prices, this information can also be shared with a potential supplier so they understand your firm’s needs and when your peak periods of demand are.

Half hourly electricity tariffs

It also needs to be appreciated that the half hourly electricity tariffs being accessed by your firm are not available to small and medium-sized firms.

That’s because the prices are much lower, though all firms will have a mandatory requirement for a half hourly meter to be installed if their peak demand exceeds 100 kW.

In some circumstances, those firms with a peak demand of 70 kW could apply to have a half hourly meter installed in a bid to reduce their electricity prices.

Also, the competition among half hourly electricity providers is competitive and prices will fluctuate regularly.

Procurement process for a cheap half hourly electricity deal

Indeed, along with fluctuating prices, the procurement process for a cheap half hourly electricity deal is more complicated than that for smaller firms.

It’s for this reason why Ofgem, the sector’s regulator, recommends that firms team up with a third party who understand how this market works in a bid to get the best deal.

The third party is also able to analyse the contract to ensure that not only will it be meeting your current and future needs, but that it will also be reducing your costs.

This is the reason why the government brought in its P272 legislation which saw the introduction of half hourly meters to help firms enjoy accurate billing and have information that the potential supplier could utilise and tailor their bespoke offering to you.

For those firms who want to get a half hourly electricity quote from a range of providers, and use experts to help them, then you need to speak with a team at D-Energi today.