Half hourly meters can help business electricity customers get more accurate bills
If you have a larger business, you’ll find that it has its own unique energy needs. Bigger businesses use heavy equipment, often consuming significantly higher levels of gas electricity than their smaller counterparts.
Due to the importance of accurately measuring the power used by energy-intensive businesses – including manufacturers, brewers and caterers – it is recommended to have consumption monitored in a more specialised way. This is normally done with the use of a half hourly meter (HH meter).
Benefits of half hourly meters
HH meters are designed to capture details about a business's electricity usage every 30 minutes, then relay the information to the supplier in real time.
Suppliers can ensure they're accurately charging firms when generating their bills, and businesses with high usage benefit from a minimised risk of incorrect charges.
It also means business energy customers can have their contracts flexibly tailored to their unique usage. They can opt for either complete budget certainty with set prices, or allow a supplier to pass charges through to them on a variable basis.
Which businesses can benefit?
If your business has a peak electricity demand of 100 KVA or higher, more than three times a year, then you'll be obligated to have one of these meters installed. Some businesses with slightly lower usage can opt to have the meters installed. Businesses opt in to get more accurate billing.
Please note: due to industry changes, this will become more common from 2016 for all users with a peak demand of 75 KAV more than three times a year due to new Settlement rules.
How do HH meters work?
Because half hourly meters are intended to submit meter readings so frequently — which means business owners don’t need to submit readings themselves.
The meters do require a phone line or internet connection to send usage details to a supplier.
Does my business have a half hourly meter?
If you've currently got a half hourly meter this is something you're probably aware of. You’ve either been told by your supplier that you need one, or have been asked to have one installed.
However, some businesses move into premises without realising that they've got an HH meter. The easiest way to check if you have one is to see if your supply number (S number) beings with '00'. The supply number can be found on your bill.
Can I switch my HH tariff for cheaper rates?
Yes. Businesses can switch their supplier and tariff as a means of getting a cheaper deal for their electricity.
It's recommended to use a broker switch energy supplier. That's because businesses that consume high levels of electricity are often expected to negotiate deals with suppliers, which can be difficult for business owners who haven't had a lot of experience in the industrial electricity market.
A broker will be able to get prices from a wide panel of suppliers on your behalf, negotiating a deal that lowers the cost of your business's energy bills while keeping the benefits of a half hourly meter.
Brokers will also be able to process any paperwork and handle the administrative side of the negotiations to make the switch as easy as possible. That way, businesses can focus on what matters to them.
To ensure you're getting a fair deal for your half hourly rates click the red button to find out more with uSwitchforBusiness.