Update on industry change P272

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Many of you have been asking about our position on changes relating to P272 and what this will mean for you and your customers.

P272 is the name of a piece of OFGEM regulation. P272 requires that all maximum demand meters (Profile class 05-08) who have an AMR (Automatic Meter Reading) meter fitted will need to be settled on actual Half Hourly (HH) consumption data in the same way that Half Hourly meters (profile 00) are currently settled.

This change will affect all electricity meters in profile classes 05 – 08 and will be implemented between November 2015 and March 2017.

We are working on communications which will be sent to customers to help guide them through what they need to do. Once these are ready we will let you know and also send you a copy for your information.

In the meantime, the key message from us is that this will not affect the pricing of our longer term products for either new or existing customers, so you can continue to sell at current prices. New customers agreeing a longer term product now will benefit from the prices they agree until the end of their agreed contract.

The pricing structure for contracts sold post changes to P272 are yet to be agreed.

For more information please visit the Ofgem website here.

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