What is P272?
A little about P272
Business energy metering is changing – don’t miss out on cost savings
In P272, Ofgem, which regulates UK energy, is changing how business energy usage is metered and billed.
Under the new regulation, all businesses using electricity meters in profile classes 05 – 08 must use automated meters. These meters must send regular half hourly usage data to energy suppliers to enable the supply to be within the half hourly settlement class.
From April 1st 2016 energy suppliers must change the way in which they settle these sites. The half hourly data collected through the automated meter will be used to calculate how much it costs to supply you with the energy you use at the time you use it. The settlement cost suppliers pay will then be used to calculate your individual charges.