Half Hourly & P272 Meter Prices
Are you one of the thousands of half hourly meter users with large volumes of electricity? It’s important to know that reducing your unit tariff rates requires specialist help. Not all energy brokers can assist with your pricing needs. Only a few have relationships with suppliers that can procure prices before your contract expires.
- 1) Does every business use half hour metering?
- 2) What data can a half hourly meter access?
- 3) How to get the best half hourly prices
We have a team of energy experts who’ll ensure you’re on the most competitive tariff for your needs. We also operate group basket pricing where we cluster businesses together to leverage buying power. The entire group benefits from lower prices by at least 10%.
Does every business use half hour metering?
The majority of businesses in the UK have a standard meter, much like a house or flat. These usually get read manually, and the readings fed into the fuel companies billing systems. These meters have their first two digits in the range of 01 to 08. Low consumption users usually have their serial number starting with 03 or 04. The industry more commonly refers to these two digits as the profile class.
However, new legislation and the home Smart Meter rollout is effectively turning every meter into a half hourly electricity meter.
Larger customers, also known as “maximum demand”, have meter numbers starting with 05 through to 08. Since April 2017, these meters moved to half hourly or settlement. The process now works the same as older HH meters. A change of measurement made these into a standard half hourly electric meter.
The half hourly electricity meter
High usage companies have a meter starting with the numbers 00.
These meters transmit readings every 30 minutes back to the power companies for billing and analysis. More information on half hourly meters can be found in this useful guide to half hourly electricity and how to get cheaper prices online.
A business must install a half hour electric meter if it uses more than 100,000kWh of electricity per year. As this is a UK legal requirement, you should check your usage to see if you need to change your meter.
What data can a half hourly meter access?
The power companies utilise your live data, and so can you. Most companies access this information to help manage costs. For that reason, an energy management system could help pinpoint savings faster.
We offer all high-demand business energy users advanced software. These systems enable users to analyse their data and run various reports in real-time. The results aid management to save money on usage as well as unit pricing. Contact us today to learn more about these and other energy-based solutions.
Our philosophy is to offer impartial help and advice. We favour no power company over another, and all we do is save businesses money. Why is our service free of charge? We charge no fees because we receive a small commission from the provider for each switch.
Commission payments won’t influence your pricing as we present all tariff plans. It’s then your choice on who you use. This disclosure is important to note because not all brokers work this way.
Advanced half hourly services
In addition to procurement, we also offer helpful advice in the following areas:
- Supplier dispute resolution with respect to billing, lower deposit payments and usage queries.
- New meter connections and upgrades.
- EPC certificates and legal safety checks for corporate landlords.
We provide the majority of these services at no cost when we manage a contract pricing switch.
Call our UK-based energy procurement team now on 0800 140 4672 or enter your data on our online quote form, and we’ll procure prices for you.
Our 3 point pricing plan
- 1) Select from a range of leading market intelligence options from the “Big Six” and other independent operators.
- 2) Obtain free management systems to monitor and control performance amongst your sites.
- 3) 100% total transparency and a dedicated account manager throughout the entire process.
How to get the best half hourly prices
Unlike with Non Half Hourly Meters (NHH), the process for pricing a Half Hourly Meter (HH) with the UK energy companies is 100% manual. We undertake all of this work on your behalf, and our service is free. We can usually switch your tariff to the new pricing within a few days, depending on when your contract expires.
It’s possible to obtain an automated price for HH meters, but it won’t be as low as the full procurement process. If your consumption is over 100,000 kWh per year, then choosing an instant price could cost your company thousands of pounds per year.
No loss of service occurs during the switch to a new contract. It’s best not to leave this process of procuring prices until the last minute due to time constraints. In rare cases a late switch is possible. For example, we switched some customers and saved them 60% within three days of initial contact.
The procedure works as follows:
- Step 1: Complete a Letter of Authorisation (LOA) to gather consumption data.
- Step 2: All available market providers receive your tender information.
- Step 3: You receive a range of tariff options from one to five year fixed rate deals.
- Step 4: Customer chooses the tariff that’s right for them.
- Step 5: The signed contract gets submitted.
- Step 6: Your new tariff begins once your current agreement expires.
There are only a few companies that can manage half hour electric meters with the suppliers. Don’t be tempted to use just anyone because you could be wasting money.