P272 Legislation and Your Business
If your firm or organisation is looking to reduce its energy overheads and you're looking for a new supplier, you may hear about the P272 legislation and your business.
While the new rules concerning P272 only affect large users of energy, the legislation is considered to be a big change to the energy supply market, certainly the biggest since the market was deregulated.
However, P272 legislation is straightforward and ultimately helps firms and organisations access cheaper energy providers because their usage is monitored every 30 minutes.
This data is then sent to the provider, the meters that do this are sometimes known as half hourly or HH meters, and your bill will accurately reflect the amount of energy used. There are no estimated bills when you have HH meters installed.
Benefits of having P272 introduced
One of the benefits of having P272
introduced was that it enabled firms to see accurately how and when they are using energy and to use this information to find a cheaper deal from another provider.
There is software available to analyse the data that will flag up where savings can be made and where the peak periods of demand are.
It’s this information about peak usage that may also lead to a firm switching their demand to lower peak tariffs where they can save large amounts of money on their energy overheads.
So, while P272 has been in place for some time there will be business owners or senior members of staff who have never heard of this legislation previously.
Essentially, all firms and organisations affected by P272 will have had a new meter installed to supply the relevant data to their provider. In the unlikely event that your firm comes under the legislation and you do not have a half hourly meter installed, you need to rectify this with your provider.
P272 legislation can help lower bills
In the search for cheaper energy overheads, P272 legislation can help lower bills because the information can be used by another provider to offer a detailed tariff.
It's worth speaking to the D-Energi
team who will be able to look at the entire marketplace, which means not restricting the search for better providers to the ‘Big Six’ firms since there are newer suppliers available with better offers and other services.
In terms of other services, a potential new provider may offer a consultancy service to help you use less energy and help your firm enjoy longer-term savings on energy bills.
For more information about energy consultancy services and the P272 legislation, then speak with the experts at D-Energi.