p272 modification keynote presentation
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Ofgem P272 Modification How changing to Half-Hourly
Settlement on your meter can benefit your business
www.energyteam.co.uk
It forms part of the Smarter Markets Programme which is designed to make businesses more accountable for their energy usage
The modification will affect approximately 155,000 businesses in the UK
Those businesses that fall into the 05-08 profile class with Non Half-Hourly settlements will have to change their metering to Half-Hourly settlement
When will the P272 come into play?
Any new business contract or renewal for those in 05-08 profile class will have to run with Half-Hourly settlement from
the 5th November 2015
All affected organisations must have switched to HH settlement by 1st April
2017
Introduced 5th NOV 2015
Switching to HH settlements means charges are based on actual rather than estimated consumption
By having more accurate data about your energy consumption, you can make better decisions
Your business could be
saving money!ACTUAL CONSUMPTION
ESTIMATED CONSUMPTION
Your business can better understand the factors that drive your energy usage
You can identify and respond to consumption outside of your normal tolerances
You are able to use accurate monitoring and up-to-date data to guide your future strategy
You enabled to review your consumption patterns and tolerances at any time
Your making the move away from peak charging times and making way towards lower energy costs
Five benefits of P272 modification
The role of Demand-Side Management for energy supply
All businesses using a significant amount of electricity should explore DSM in order
to combat spiraling third-party charges.
The National Grid are expected to buy between 30-50% of supply by 2020 and
invest roughly £400m.
This offers real opportunities for businesses; as either an income stream, or to simply to become more efficient.
30-50%
How an Energy Broker can help you out
Brokers can assist you with your meter change so you can pick the most suitable Meter Operator Contract and Data Collector.
They can collect data to establish the ‘shape’ of your consumption; is it smooth or ‘spikey’? Are the spikes in your energy consumption during high charging periods? Or is a machine being left on over the weekend?
They identify all the new data available on your consumption, highlight issues and inconsistencies, and indicate further opportunities for cost savings.
Brokers help source and negotiate the best energy contract for you. They use their additional knowledge and expertise to understand the ‘shape’ of your consumption and advise you accordingly.
They check that your business’s energy invoices have been filed correctly. Brokers also check for any non-energy charges because sometimes your bills can get more and more complex.
They give you pre-warning about Triads (November – February) where energy costs are higher.
How an Energy Broker can help you out
Download our free eGuide now:
Ofgem P272 Modification How half-hourly settlement can benefit your business
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