What was the P272?
The P272, completed in April 2017, was an industry-wide legislation introduced by OFGEM to upgrade all maximum demand meters (profile class 05-08) to half hourly meters (profile class 00). The main businesses affected were those with either high consumption or high demand. You should have been notified by your supplier if you were affected, however, you can also check by comparing your old bill to your new bill to see any changes.
What’s changed for me?
You may have noticed some of the following on your bill:
- Your MPAN top line may have changed
- Your rates and standing charge may have changed
- Addition of a kVA Charge or Capacity Charge
- Addition of a DUoS (Distribution Use of System) Charge
- Additional charges for a DA (Data Aggregator), DC (Data Collector) and MOP (Meter Operator)
- Addition of a Reactive Power Charge
- Smart Meter Charges for data reading
- Your bill may now be from a corporate department rather than a SME department
Some suppliers may incorporate new charges in to your unit rates and standing charge, so they might not be individually listed. If your electricity contract hasn’t come to an end yet, your supplier should honour the rates and charges that were agreed in your original contract. However, if it’s time for you to enter a new contract, it might help to know the benefits of a meter upgrade.
Benefits of a half hourly meter?
Having a half hourly (HH) meter will mean much more accurate billing since your bills will no longer be generated using an estimated consumption. Your bills will now be calculated on your actual usage as a HH meter does exactly as the name suggests – it submits a meter reading every half hour. Not only does this save you the aggravation of an unexpected and possibly incorrect bill, but it also saves you the hassle of actually taking meter reads and submitting them to your supplier.
Your new meter will submit 17520 meter reads every year, so what can you do with all this extra consumption data? More data means that it will be easier to monitor your usage patterns. This, in turn, will mean you can start to use energy more efficiency; taking advantage of off-peak times with lower charges, or using this data as a benchmark for other, similar sites. Knowing your consumption habits will also allow better forecasting and budgeting opportunities for your business in the future.
How can Utilinet help?
To avoid the stress of dealing with the aftermath of the P272, Utilinet can arrange your new contract completely hassle-free. We have great relationships with over 20 suppliers and will find the best contract suited to your business needs. We are happy to explain any charges in your new contract and ease you through the switching process, answering any questions you may have along the way.
All HH meters require a Meter Operator Agreement (MOP Agreement) in order for your consumption data to be processed and utilised. Your supplier might have arranged a MOP agreement automatically when your meter was upgraded. However, many customers don’t know that you are free to choose your own Meter Operator. Utilinet can help put you into a new agreement with a MOP who might be slightly cheaper or provide more communication.
Our Energy Dashboard has been developed to allow you to monitor your consumption, identify areas of waste and allow you to use patterns and trends to your benefit. Simply monitoring your energy use could save up to 15% on your bills. You can access your individual dashboard using an online portal that’s easily accessible via a PC, laptop, tablet or mobile. Not only does our dashboard show your energy use, but it also details the cost to your company and your carbon footprint.
Overall, the P272 could have a significant impact on your energy bills, and there are lots of savings to be made. If you would like to see how Utilinet can help, please speak to us today 0114 2295951.