What Every Organisation Needs to Know about the P272 Regulation
There's been a critical change to the company energy supply marketplace and all companies and organisations will need to understand what the P272 regulation means for them.
Basically, the P272 regulation means a company with a non-half hourly profile type electricity meter will have to modify or replace it – if they haven’t already done so since the deadline for this has passed.
The objective will be to bring about business efficiencies that ought to deliver lower energy bills for companies along with other advantages.
To discover whether your company or organisation is influenced by P272
and whether there’s a need to switch to a half hourly meter (HH) then they will have to check whether they are in the Profile Class 05-08.
The information is on the meter itself or on the firm’s bill.
By switching to HH meters the energy sector can track real consumption of energy from the information it receives every half hour through remote communications with the meters.
Lower and much more accurate energy statements
Energy regulator Ofgem says this half hour delivery of information should result in lower and much more accurate energy statements for firms.
Another reason for Ofgem's excitement for P272 is that the move should also encourage companies to transfer their use of energy to more low-cost periods that will help lower their bills and smooth out peak demand.
By doing this, an organisation may also access lower prices because energy providers are providing lower tariffs for firms that will alter their energy use periods.
Also, the information from these HH meters should provide the company with more detailed information about usage and times of peak demand so they can negotiate with their current supplier for lower prices or negotiate a deal with a new energy provider.
There's a lot to recommend the latter as a course of action since there are lots of energy suppliers
to choose from now and not just the ‘Big Six’; there has also been an improvement in customer service levels and many also offer an energy audit.
Switch to P272 metres
For those firms interested in switching suppliers, and they may not be required to switch to P272 metres, then they can also research the market to find lower energy prices and better suppliers.
For more help and guidance about P272 and the best way to get a better and more affordable tariff for a company, contact the specialists at D-Energi who have the knowledge and expertise to help.