openPR Logo
Press release

Understanding P272 Regulations

06-21-2016 12:41 PM CET | Energy & Environment

Press release from: TEAM (Energy Auditing Agency Ltd.)

P272 is a regulatory change which alters the way business energy use is metered and billed. TEAM's Bureau Manager, Scott Tomsett, explains more...

All electricity suppliers have a P272 regulatory obligation directed by Ofgem to change the way customers with Profile Classes of 05 to 08 meters are billed. These changes must be made by April 2017.

What is the P272 Regulation?

In summary, P272 requires all Non-Half Hourly (NHH) Profile Class 05-08 meters to go through a Change of Measurement Class (CoMC) to Half Hourly (HH) Settlement. In the majority of cases this upgrade can be done remotely and you should not need a change of meter.

The changes will ensure that costs get reconciled accurately between customers and suppliers and between suppliers and generators – this process is known as the 'settlement'.

Your meter Profile Class can be found from the MPAN number on your electricity bill. It's the first two digits after the 'S' in the top row of the boxes.

Around 160,000 sites in profile classes 05-08 are affected by the changes. P272 will provide all of them with more accurate billing and energy consumption data. Current energy costs are based on how much you use but not when you use it – P272 aims to change that. The HH data will be used to calculate to the penny how much it costs to supply you with the energy you use at the time you use it.

The cost of using electricity at certain times of day (typically between 4pm and 7pm on weekdays), is likely to be much higher while costs at other times may be slightly lower. This presents some opportunities for businesses to assess their energy consumption profiles to see whether demand can be moved from peak periods to cheaper times of the day.

What will the P272 changes mean to you?

Rather than paying for NHH standard profile rates, HH system charges are usually applied according to the time of day that energy is used. For some businesses, it may mean that energy costs are reduced. But for others with high consumption at the most expensive times of day, energy costs could rise substantially.

Moving to the HH market means you will need to appoint a Meter Operator (MOP) and Data Collector (DC) to maintain and read your meter. If you do not select your preferred provider in time, your supplier will appoint its default agents but they could prove to be more expensive.

Moving to HH Settlement means that Network Charges i.e. Distribution Use of System (DUoS) and Transmission Use of System (TNUoS), could appear on your bills, allowing greater transparency in the validation process.

The real added bonus is that P272 provides you, not only with accurate billing, but also with a huge amount of insight into how, when and where you use energy – every half-an-hour of each day.

Shopping around for a MOP and DC can help save significant amounts a year for every site that meets the P272 criteria.

How can TEAM help? Contact us to find out more.

David Park, Environmental Manager for ScotRail, said:

"We have 22 meters that meet the P272 criteria. We are currently going through the process of getting them upgraded. We've appointed our own Data Collector and Meter Operator because it worked out much cheaper. I would urge businesses to shop around for a DC and MOP because using agents from your supplier could end up costing more."

About the Author

Scott Tomsett is the Bureau Services manager at TEAM. Scott has worked in the utilities industry since 1998 and joined TEAM in 2009. As the Bureau Service Manager Scott has a wealth of information to help TEAM customers save money with TEAM’s Outsourced Bill Validation Service.

Find out more at http://www.teamenergy.com

TEAM (Energy Auditing Agency Ltd.)
34 The Forum
Rockingham Drive, Linford Wood
Milton Keynes, MK14 6LY
United Kingdom

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Understanding P272 Regulations here

News-ID: 345261 • Views:

More Releases from TEAM (Energy Auditing Agency Ltd.)

Risk of fines for non-compliance of Heat Network Regulations for new builds
Risk of fines for non-compliance of Heat Network Regulations for new builds
There is a growing concern with landlords and developers that they may face fines over the heat network regulations. The main issues are lack of awareness of the regulations, what the requirements are and the changing deadlines. The first phase of the Heat Network Regulations 2014 required participants to submit notification of communal and district heating systems by 31st December 2015. The original heat metering viability tool included within the notification
TEAM Provides Capacity Market Support for Pan-European Energy Company
TEAM Provides Capacity Market Support for Pan-European Energy Company
TEAM Senior Energy Consultant completes first progress report for pan-European energy company. The Capacity Market (CM) was established as part of the UK Government’s Electricity Market Reform (EMR) Programme. Its goal is to ensure the future security of our electricity supply at the lowest cost to consumers by offering incentives to capacity providers for investing in more sustainable, low-carbon electricity. TEAM’s Capacity Market independent technical expert has completed the first six-month progress
Important Changes to the Renewable Heat Incentive Tariff
Important Changes to the Renewable Heat Incentive Tariff
Non-Domestic Renewable Heat Incentive (RHI) tariffs are changing from 20th September 2017 as a direct result of last year's consultation. The changes will merge existing tariff bands for all solid biomass sizes; ‘small’ (less than 200kW), ‘medium’ (between 200kW and 1MW) and ‘large’ (1MW+) to create a single two-tier tariff band for all biomass plants. These amendments are the first part of RHI reforms announced by the Department of Business, Energy and
TEAM recovers more than £165,000 in billing errors for Scottish Council
TEAM recovers more than £165,000 in billing errors for Scottish Council
With the help of TEAM Bureau's Outsourced Bill Validation Service, a large council based in Scotland has recovered just over £165,000 in billing errors since January 2017. TEAM Bureau receive and validate 700 of the council's electricity bills per month. Molly Calvert, Query Administrator for TEAM Bureau, was first notified of an uncharacteristic increase in consumption which was identified through TEAM's sophisticated automated bill validation in January, she explained: "There were a number

All 5 Releases