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13 Dec

How to Save Money with Business Half Hourly Electricity Suppliers

by Simon Thompson
 

The installation of new meters for larger electricity users means there is now a great opportunity to save money with business half hourly electricity suppliers.

For those who may not be aware, a half hourly electricity meter, also known as an HH meter, is a special kind of meter that is connected to the electricity supplier via a phone line.

This means the meter can automatically send its meter readings every 30 minutes to the supplier – which is why it’s called a half hourly electricity meter.

This also means there’s no need for a business to take meter readings and then submit them and the regular updates of your usage also enable a potential supplier to see when your peak periods of use are and tailor their offering to meet your needs.

It’s this extra level of detail which should lead to substantial savings and a lowering of overheads.

Half hourly electricity meters being used by larger firms

However, when we talk about half hourly electricity meters being used by larger firms, we tend to mean large offices and factories; they tend to have an electricity usage of at least 100,000 kWh of electricity per year.

We should also point out that all large users of energy, including department stores and manufacturers, will have these half hourly meters installed because it’s now the law.

Indeed, these meters are sometimes referred to as P272 meters which are the relevant reference for those who want to find out more, and Ofgem is keen for more firms to have smart meters installed.

While it’s easy to switch business electricity supplies, the process for those who have half hourly suppliers is a little bit more complicated than switching a regular contract but there are experts available to help you do this.

Access the best half hourly electricity prices for you

This complexity should not put you from searching the market but you can contact an energy broker, provide the information and they can access the best half hourly electricity prices for you.

Essentially, the broker will need a data release letter from your business so they can access the data that is being provided by the meter and they can begin a tendering process.

The broker will arrange for quotes from various energy suppliers and then take care of the switchover process which can range from between four weeks and six weeks, depending on when your contract is due for renewal.

It’s also possible that by using half hourly meters, your business may be able to ‘group buy’ your electricity even if the meters are spread over various premises. It’s also possible to enjoy cheaper weekend and night electricity rates.

 

For more help and advice about how to save money with business half hourly electricity suppliers, then speak with the expert team at D-Energi.