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Ofgem
P272 Modification
How changing to Half-Hourly
Settlement on your meter can
benefit your business
www.energyteam.co.uk
What is P272
Modification and why is
it being introduced?
It forms part of the Smarter Markets
Programme which is designed to make
businesses more accountable for their
energy usag...
When will the P272 come into play?
Any new business contract or renewal
for those in 05-08 profile class will have
to run ...
Switching to HH settlements means charges are
based on actual rather than estimated consumption
By having more accurate da...
What impact will the
P272 modification have?
Your business can better understand the
factors that drive your energy usage
You can identify and respond to
consumption o...
The role of Demand-Side Management for energy supply
All businesses using a significant amount
of electricity should explo...
How an Energy Broker can help you out
Brokers can assist you with your meter change so you can
pick the most suitable Mete...
Brokers help source and negotiate the best energy contract for
you. They use their additional knowledge and expertise to
u...
Download our free eGuide now:
Ofgem P272 Modification
How half-hourly settlement
can benefit your business
Download eGuide...
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P272 modification keynote presentation

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Understand how changing to half-hourly settlement on your metre can benefit your business.

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P272 modification keynote presentation

  1. 1. Ofgem P272 Modification How changing to Half-Hourly Settlement on your meter can benefit your business www.energyteam.co.uk
  2. 2. What is P272 Modification and why is it being introduced?
  3. 3. 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
  4. 4. 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
  5. 5. 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
  6. 6. What impact will the P272 modification have?
  7. 7. 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
  8. 8. 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%
  9. 9. 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.
  10. 10. 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
  11. 11. Download our free eGuide now: Ofgem P272 Modification How half-hourly settlement can benefit your business Download eGuide Here

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