Ofgem P272

Many people regard P272 as a burden to businesses.

 

The fact is that it is an opportunity to use the benefits of advanced metering to save money by using electricity when it is cheapest.

Cheaper off-peak electricity for business consumers

The way electricity suppliers buy energy and pay to transport it to some business consumers is changing. This creates new opportunities for these consumers to get the benefits of advanced meters and save money by using electricity when it is cheapest.

 What is happening?

The rollout of the next generation of electricity meters (called smart and advanced meters) will allow your business to take control of its energy consumption. They also enable new products and services to be developed, including tariffs that offer lower prices for using energy when it is less expensive.

Can your business could money save by using more electricity outside peak periods? It may be that a Pass-through contract would suit you.

You have the right to nominate your Meter Operator (MOP) and Data Collector (DC).

 

If you leave it to your supplier you could very easily end up paying significanty more for your MOP and DC services.

 

Be sure to obtain MOP and DC prices from independent service providers.

Download the full fact sheet here

Download the full fact sheet here
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Adobe Acrobat document [230.2 KB]

Suppliers are making changes to:

• How they calculate the amount of electricity to buy

• What they pay to deliver that energy to you.

The costs of buying and transporting electricity vary significantly over the day. For example, the costs are typically higher at peak times in the early evening when demand for electricity is higher.

This is changing. Most larger businesses already have advanced meters that can record their actual consumption in each half hour. To help deliver the full benefits of these meters, Ofgem have approved new rules that require suppliers to collect half-hourly consumption data so it can be used to work out their energy and network costs more accurately. These costs typically make up more than 50% of a business consumer’s bill.

Obtain P272 Pricing

For more information complete the form below or call: 01252 338777

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