What You Need to Know About P272
If you have an electricity meter, you’ve probably heard about P272, the new regulation that will affect over one million meters. These meters use the maximum demand-supply, which varies by location. The regulations are mandatory for any electricity meter that is not properly maintained. You can learn more about the implications of P272 by taking the time to learn more. The information that you’ll learn about this legislation will help you make informed decisions about your energy use and costs.
This regulation applies to companies
that have a profile class between 05 and eight, or to individual sites within a company. This regulation will require businesses to have a meter operator/data collector to maintain the meter and send the data half-hourly to their energy supplier. As of April 2017, over 160,000 sites will be affected by the regulations. Read on to learn more about how this affects you and your business.
Until April 2017
sites that do not use P272 meters will continue to be billed with HH settlement. This will be the case regardless of whether or not they have installed advanced meters. If a site is not on the HH settlement, they can still opt to have their meter installed and begin using it by April 2017. This will result in a higher unit rate for customers, but this is unlikely to have a major impact on businesses.
P272 is a mandatory regulation that applies to all businesses
that have a profile class between five and eight. This includes individual sites within companies. The P272 system allows energy suppliers to price their contracts based on actual consumption, rather than relying on historical data. By reducing energy consumption during peak times, consumers will see a reduction in their unit rates. In addition to this, the government is requiring businesses to hire a meter operator who manages the ongoing operation of the meter and data collection. This cost is included in the unit rate.
As an energy supplier
you will be required to install a P272 meter in your building. This meter helps the energy supplier monitor how much energy you are using at any given time. It can also be a way for businesses to save money and be more efficient. With this type of meter, the energy bill should be lower. A more accurate meter will help your energy supplier understand your usage patterns, which will help them price your energy contract.
P272 is a new regulation
that affects over 167,000 businesses in the UK. This law is a mandate to keep your energy supply balanced. You need to understand how P272 works to make an informed decision. There are some advantages to this rule. As with any new legislation, you should understand how it affects your business. Having the right meter for your company’s needs can help you avoid unnecessary costs.