When you run a business, the last thing you want to do is play guessing games when it comes to the cost of energy – especially if you know you use a lot of it. Which is why it might be worth installing a half-hourly meter – so you know exactly where you stand. To see if your business could benefit from one, here are the facts.
If you have a half-hourly meter (HH meter) installed, then chances are you probably already know you have one. If you do, then your supply number will begin ‘00’ (if you’re not sure, you can find this on a recent bill).
HH meters are a legal requirement for businesses that use 100 KVA (kilo volt amperes) or more of electricity during peak times.
As the name suggests, HH meters send your supplier half-hourly meter readings. These regular updates mean that you can be billed accurately and be confident that you’re only paying for what you’ve used.
If you like the idea of accurate billing then you can of course ask for an HH meter to be installed even if you use slightly less than the 100 KVA threshold.
It’s also worth noting that under new regulations (known as P272) brought in by industry regulator Ofgem, some businesses have been automatically moved on to HH meters based on their energy profiles. So, if your supply number (or MPAN, meter point administration number) begins with 05, 06, 07 or 08, then you’ll also be on a half-hourly meter.
HH meters rely on a fixed landline or mobile signal to send data to your electricity provider via what’s known as a ‘data collector’ (DC). DCs analyse your energy usage to help you find ways of using it more efficiently.
As well as an approved DC, you’ll also need a ‘meter operator’ (MOP) who supplies and maintains your HH meter.
Your electricity provider can supply a DC and MOP but they may charge you considerably more than a third-party specialist.
There’s no denying that getting a half-hourly meter installed can be a time-consuming process, but if your business uses a lot of energy, then you may find the long-term benefits worthwhile.
HH meters mean an end to estimated billing, so you won’t run the risk or overpaying (or underpaying and then being hit with a huge bill). Plus, having a DC to analyse and assess your usage can help you understand how your business can best use electricity and become more energy efficient – saving you money.
Having all this data also means you can better compare tariffs from different providers so you can be completely confident about finding a contract that suits your business needs.
If you use 70kW (kilowatts) or more of electricity in any half-hour period, then you could qualify for a half-hourly meter.
At Confused.com Business energy, we understand that you don’t have the time to run around chasing quotes. Instead, let our energy experts take the hassle out of switching – we’ll handle all the details and manage all the paperwork.
So, if you’re interested in saving your business some cash, then speak to us on 0800 158 5296, or click the ‘GET AN ENERGY QUOTE’ button at the top of the page and we’ll give you a call back