The P272 regulatory change concerns electricity half hourly settlement changes
The changes will allow business electricity suppliers to record energy use more accurately, based on half-hourly consumption data.
Regulation P272 affects meters with profile classes 05, 06, 07 and 08.
Advanced meters with a profile class of 05, 06, 07 and 08 will be transferred remotely to a half-hourly supply. This will not cause any interruption to your electricity supply.
The electricity profile class of your business meter is based on how much energy you use and when you use it.
To find yours, look at the first two digits of your Meter Point Administration Number (MPAN).
Half-hourly charging will provide a better understanding of your business electricity use.
This will allow us to improve the way we price and bill to more accurately reflect how you use electricity.
It should also help with your business planning and any energy efficiency measures you may want to consider.
If your meter is affected, you'll get an itemised invoice after the changeover to show the costs before and after the change is made.
There will also be a change in the look of your bill. Instead of showing meter read values/estimates, bills will show the total consumption for the half-hourly readings that have been collected.
See the example of a Supply number below, with the DNO number (11) in:
When you know your DNO number, you can find your supplier from the table below:
Your DNO may need to know what your maximum import capacity is (see below). If so, you'll need to:
If the letter you've received is about anything else, please get in touch with your DNO.
The MIC is expressed in kVA (kilovolt amperes). The more electricity you need, the more you'll pay.
If you and the DNO need to agree a MIC, the DNO will charge us for your MIC and we'll then charge you, on your energy supply bill.
When deciding your MIC you need to think about your future needs. If you think you'll be using more or less energy than in the last year, you can ask for a different MIC.
You should be aware that if you use more energy than you asked for, you may be charged an additional amount.
If you aren't sure what to do, please get in touch with us or with your DNO.
At the end of the fixed period – or if you don’t have a fixed plan – the changes you’ll see are:
While some customers may see an increase in their business electricity costs, others will see a reduction.
All affected meters must be able to settle supply costs in this way from 1st April 2017.