In a working arrangement with our clients, we aim to keep utility costs to a minimum and offer advice on legislative changes which have an impact on expenditure. A forthcoming change may affect some or all of your electricity supplies depending on how they are currently charged.
What is it?
P272, as it is known, is a mandatory directive to ensure all monthly maximum demand meters (i.e. MPANs beginning with an 05, 06, 07 or 08 profile class) are settled on a half hourly metered basis.
Why?
Ofgem, the industry regulator, is changing how business energy usage is metered and billed. Under the new regulation, all businesses using electricity meters in profile classes 05 08 must have AMR meters fitted. These meters read consumption on a half hourly basis and allow for more accurate settlement of internal charging within the industry. All suppliers must be able to bill on this basis from November 2015 and everyone must be transferred by 1st April 2017.
For some customers the impact of this change will result in a fall in spend, while for others costs will rise it will depend on how much electricity you use and
when in the day you use it.
Action required
If you already have half hourly read metering in place no further action is required. However, if not, we strongly recommend you independently appoint an
accredited Meter Operator (MOP) so that you have access to your metering data. This may not necessarily mean a new meter, as it may be possible to
re-configure your existing meter. CEC are able to assist you in this process and help you secure competitively priced metering arrangements to ensure you are compliant with the new regulations.
If you opt not to appoint someone, your energy supplier will appoint their own MOP and pass this charge on which could be a lot higher than going direct.
To discuss option and seek advice please contact Liam Conway 07501221728