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What P272 means for your business energy needs
It does sound rather unnerving but P272 is a crucial change to the business energy market brought in by Ofgem, the energy watchdog, in October 2014.
Essentially, the rule stipulates that all electricity meters used by a business must migrate to the ‘Half Hourly’ market.
There are a number of reasons for this and all business sites in the UK must now use automated accredited metres that will send their usage data every half-hour to the energy supplier.
The idea behind it is that the bills can be calculated more accurately.
Original timescale for P272
The original timescale for P272 was for it to be promoted in April 2016 but this was brought forward for some organisations and delayed for others so they can switch electricity meters in time.
The business meter energy switch affected more than 160,000 sites which are described as being medium energy users and they had to appoint data collectors as well as meter operators before the deadline was reached.
These collectors and operators are put in place to run and maintain the meters and send the readings to the energy supplier.
When we mentioned that the deadline for some meters to be installed was delayed it is crucial that all organisations check to see when they are affected since some will need to have the new meters in place by April 2017. Those firms with AMR meters will find the switchover can be done remotely without anyone having to visit the site.
Electricity meter in the Profile Class 05-08 will be effected
Organisations with their electricity meter in the Profile Class 05-08 will be effected and will switch from non-Half Hourly (NHH) to Half Hourly (HH) meters. It should also be noted that firms with meters in the Profile Class 03-04 will also, Ofgem says, also be moving to HH meters at some point.
One of the big positives for the introduction of half hourly meters is that businesses will then have a better idea of their energy consumption and have the information to hand that makes it easy to get cheaper energy for the business needs from another supplier.
Indeed, some organisations will find a tariff that offers lower energy prices but also a tariff that will use energy when it’s less expensive to do so.
Not every business is affected by the P272 change and so organisations may already have compliant meters in place but for more help and advice about the situation then contact the helpful team at D-Energi who have the experience and expertise to help an organisation install the correct meters and find lower energy prices.