New regulations from Ofgem mean that all UK businesses will need to have Smart Metering in place. This means Automated Meter Readings (AMR) will be taken every half hour and will be available to you and your energy supplier.
The important point to know is that, the way you can manage and purchase your business energy is going to change, forever. If you are not ready for this change you can end up paying bigger bills and missing out on big energy saving opportunities.
You will be affected from 1st April 2017 if you currently receive a bill every month. This puts you in profile class 5 to 8. If you want to check, look at your bill to find your full 21 digit MPAN number the first two numbers tell you your profile type.
If you are already in a contract the new charges won’t take effect until you start your next contract. But if you don’t take any action you could be in for a nasty shock. There are a number of new charges and penalties that come along with this changeover. New terms for charges will appear on your bills including, time of use, transmission, distribution, capacity, maximum demand and even reactive power!
The upside of all this is that you can save money through understanding how and when you use your energy, along with numerous other energy efficiency opportunities. And automated half hourly settlement should do away with most of the billing disputes consumers have with suppliers.
What should you do? Check your meter profile type, if it starts with 05,06,07 or 08, then call your energy supplier and ask them when your AMR is being activated, most of them have online access to this for consumers so get this set up. Find out when your current contract ends so that you can, in good time, get new quotations in for your next contract using your existing energy data. This will allow you to get the best prices for how and when you use energy. To take full advantage of the savings available contact a reputable energy consultant for the advice you need. Make no mistake this change is here and being prepared will save you money and headaches.