Which businesses need a half-hourly meter?
Larger companies that use a lot of energy, such as factories or offices, should switch to electricity readings every half hour. A business is required to swap when they consume at least 100,000 kWh of electricity each year. Put another way, your maximum consumption within a half-hour period would have to exceed 100 kWh.
According to P272 Regulation, if your meter is in the profile classes 05-08, it is mandatory to have half-hourly metering on the premises. Ofgem brought in this regulation, and it applies to all new contracts and any upcoming contract renewals.
Businesses with an electricity demand of 70 kWh or above can also choose to switch to half-hourly electricity readings, but it is not compulsory. Smaller business owners often choose half-hourly metering due to the invaluable regular access to their energy consumption data.
Smaller companies often consider this form of metering so they can avoid being saddled with substantial charges from their meter only being measured once a day at the height of use!
Find a business energy supplier today
Using Business Energy UK, you can compare prices from a wide selection of suppliers, negotiate the best deal for your energy needs and cut those bills down. Simply switching your electricity meter without shopping for the best deals means you could be paying far too much for your business energy.
If the contract renewal is coming up, or you are looking to adjust your metering situation, get a free energy quote for your business. Business Energy UK experts work to find competitive electricity rates and arrange a perfectly tailored electricity usage plan based on facts and figures, not estimation.
Alternatively, you can call 0800 464 7677 to directly speak to an energy expert who will guide you through the process.