What is a half hourly meter and what it means for businesses? Many people are grappling with this question these days. A half hourly meter is basically a fairly new type of meter that can measure electricity consumption once every 30 minutes. Then it transmits that data automatically to energy suppliers via a mobile device. What that means is that the data does not get read manually, and even more important, is that the billing records increase in accuracy.
Am I Required to Have a Half Hourly Meter?
Mandatory – Any businesses consuming 100kw of power or more in a half hour period, must use a half hourly meter.
Voluntary – Any businesses whose maximum demand is at 70kw or under, has the option of deciding whether or not to use this type of meter. Find more details here: http://www.businessenergystore.com/half-hourly-meters
How Can I Tell If I am on A Half Hourly Meter?
You can look on your bill to see if there is an ‘S’ number indicating a half hourly meter. If you see a ’00’ up on the top left-hand side, on the ‘S’ number, then that indicates you are on the half hourly meter. It that number is 05, 06, 07, or 08, rather than 00, then your type of half hourly meter is the voluntary type. If you find you are still unable to determine if you are on the half hourly or not, you can still contact the electricity supplier to get more detailed information about the meter. You can usually find your meter point administration number on the bottom row of the supply number.
Are There Pricing Differences?
Because billing is based on real time, accurate readings, your energy supplier can determine your costs using your half hourly meter. You are only charged for the energy your business uses (and that is better than standard pricing).
Do I Have The Option of Switching Off The Half Hourly Energy Tariff For My Business?
You have the option to negotiate your contract, but if you do, prepare yourself for a long and complicated process. It is complicated due to the fluctuation of wholesale prices, a need for accurate data, and supplier strategies.
A solid and reputable company should know and understand about how half hourly meters work. They should also be able to give you top notch information and insight, in order to give you the best possible deal to help your business. Never hesitate to call on us if your half hourly business energy contract should happen to lapse and need renewing. Another option is to simply fill out the online form and then wait for us to call you.
