If you manage the energy bills for a large business, it’s likely you will have come across half hourly electricity meters. Whether you’re thinking of switching to a half hourly meter or you’re seeking to reduce your bills for the meter you already have, Business Energy can help.
Obtaining prices for commercial half hourly electricity requires specialist knowledge of the energy market to manage the supplier procurement process. The procedure is different from smaller businesses maximum demand meters because the data used is accurate rather than estimated.
Here, Business Energy looks at how large businesses can make savings on a half hourly meter contract.
A half hourly meter provides accurate consumption data for billing purposes by automatically reading the device every 30 minutes. These readings are relayed to the supplier in real time, meaning suppliers can be sure they’re accurately charging your business for the energy it uses.
Half hourly metering is mandatory for businesses with peak loads of electricity in excess of 100kW. These types of meters provide accurate consumption data for billing purposes by automatically reading the device every 30 minutes.
Non Daily Metered (NDM) gas users can also have an Automated Meter Reading device (AMR) fitted to transmit usage data automatically. Some gas and electricity suppliers, such as CNG and Gazprom, insist that your meter has an AMR installed.
The quickest way to find the best deals on half hourly meter contracts is by using a specialist energy comparison service like Business Energy.
We negotiate directly with the leading energy suppliers, allowing your business to quickly compare the best energy prices without the need to trawl from supplier to supplier. The expert team at Business Energy will even handle the process of switching your business to your new tariff or supplier for you.
The process of switching half hourly meter contracts is different to comparing small business energy electricity. The process works as follows:
Tender pricing is usually only valid for 24 hours, so the process is fluid but time critical.
If your business owns more than one building, it can be difficult to keep track of your energy usage and expenditure. When you compare business electricity with us, you can bundle these together during the procurement process.
Not only can this make it easier to manage your energy usage and outgoings, but you can also leverage your buying power and maximise discounts.
Total consumption and efficiency audits can also be arranged to ensure you have the right class of meter installed. Changing meters takes advantage of differences in day, night and weekend tariffs.
Your consumption data is collected and stored by your current provider. You can usually only access the information once you’ve provided a letter of authority by yourselves on company headed paper.
This data, together with your building address with postal code, is enough to obtain the latest electricity prices. Not all power companies will bid on your contract, but the majority will offer competitive quotes.
There are two main features and benefits of these meters.
Half hourly meters offer large businesses much more detailed and accurate information on their energy usage. This can be particularly useful for businesses seeking to increase their energy management and analysis.
Software programs allow you to import the raw data collected from a half hourly meter to analyse trends and produce energy management reports. You’ll be able to check and monitor consumption for any cost centre or premises you manage.
The second more important advantage concerns management information and analysis. Software programs allow you to import the raw data collected to analyse trends and produce energy management reports. You’ll be able to check and monitor consumption for any cost centre or premises you manage.
Today’s advanced software packages can create alarms if usage is over a certain threshold. You can highlight variances against historical trends from the information produced. Most companies save an additional 10% on an annual basis by using these advanced analytical tools.
Example reports by the hour.
A change to the entire business energy market was introduced in 2015. The aim was to move all users to HH meters over the coming years. The migration started with those businesses using 05, 06, 07, and 08 meter numbers. Smaller businesses with 03 and 04 profile classes are set to migrate at a later date, whilst the Maximum Demand meters were due to be all moved over by 2017, there are still some that haven’t yet migrated.
The regulator Ofgem initiated the P272 legislation change to manage the Balancing and Settlement Code of the electricity used. Prior to P272 those meters that aren’t HH settled had prices based upon the yearly usage rather than the time of the demand placed.
One of the main benefits of half hourly metering is that your consumption data is transmitted to your provider every 30 minutes. Due to the automated readings collected, you can be guaranteed that the data used to calculate your bill is always 100% accurate.
You’ll also get access to the data yourself to perform trend and analytical research. The data can help manage the consumption of your business over time.
Much like contract renewal, the risks of doing nothing have the greatest consequences. You should compare prices from different providers while proactively managing the change of HH settlement.
Comparing business electricity tariffs on a half hourly meter is the best way to ensure you are getting the best deal for your business.
All companies with a meter profile class between 05 and 08 will be already be using Automated Meter Reading (AMR). However, this will not be on a half hourly basis.
The good news is your meter is unlikely to change physically with all half hourly settlement changes configured remotely. You may want to appoint a Meter Operator (MOP), Data Aggregator (DA), or a Data Collector (DC) to manage the process.
If you don’t, your electricity provider appoints one on your behalf. All these agent services must have regulatory approval. You should notify your electricity supplier of any contracts you have in place.
All HH meters require a Meter Operator agreement to install and maintain the service.
These organisations can also provide management software to collect and analyse your usage data. You can use the default services from your supplier or appoint one yourself.
Half hourly meters are mandatory for UK businesses with a maximum demand of 100kW or greater in any half period. If your business has a maximum demand of 70kW or greater in any half hour period, you can also opt to have a half hourly meter installed.
The P272 regulation was introduced by the UK government in 2017 requiring companies in electricity-intensive industries to move from non-half hourly meters to half hourly meters.
Businesses using 05, 06, 07, and 08 meter numbers were required to switch to a half hourly meter as soon as possible. The aim of these changes is to ensure businesses have access to the most accurate data and billing.
Half hourly meters are automatic, so you won’t be required to manually take meter readings for your supplier. Your meter will automatically transmit the data to your electricity supplier via mobile phone signals or a fixed data line.
The easiest way to find out if you have a half hourly meter installed at your business premises is to check your MPAN number on your latest energy bill. This can usually be found at the top left of your bill and will be a series of numbers following the letter ‘S’
If your MPAN number begins with numbers ‘00’ you have a half hourly meter. If the number is 05, 06, 07 or 08, you will need to upgrade to a half hourly meter as soon as you can.
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Percentage energy savings quoted are against customers who let their last contract renew automatically.