P272 could be the key to unlocking hidden savings in your business… but how? First, you need to know what P272 is.
P272 is the industry name for a mandatory change to the regulations affecting electricity meters. Under P272, all electricity meters in classes 05-08 (often called Max Demand Meters) will be billed in a new way.
You could end up saving. But you could also end up spending more.
How your bill and billing will change
If your meter falls into the 05-08 classes, your energy bill is based on a single read. It gives your supplier a crude picture of how much electricity you’ve used and when you’ve used it.
Thanks to P272, your energy supplier will soon read your meter every half hour – so your bill will be much more accurate. It will also be a lot more complicated, and you may notice new charges.
What this means
If your supplier finds out that you don’t use a lot of electricity in peak times, you could end up saving. Conversely, if your supplier finds out you are using a lot of electricity in peak times, you could end up being charged more.
Either way, it’s a complicated situation; all energy suppliers are approaching the changeover in different ways and the peak times vary depending upon the Distribution Network provider you are linked to.
Book an appointment with one of our experts and find out how P272 will affect your business.
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