This business energy comparison article will explore the benefits of half-hourly meters. This efficient way of getting more detailed information on your business energy usage will be fully explained below.
Half Hourly Meters Explained
What Is A Half Hourly Meter, And Do You Need One For Your Business?
Understanding half-hourly meters can help customers make the correct decisions.
Selecting an energy provider can be a difficult choice for a business. Taking the time to explore the benefits offered by different providers will result in your company securing the best deal.
A half-hourly (HH) meter makes use of automatic meter reading (AMR) technology. This technology is able to prove accurate electricity readings. The energy supplier receives an updated meter reading every 30 minutes via a fixed-line.
This automated meter reading system is fully remote. It removes the need for businesses to manually read meters. This improves convenience and accuracy. Bill estimation becomes a thing of the past.
Accurate data provided by half-hourly meters allows businesses to understand energy usage patterns. This allows businesses to put plans in place to improve efficiency and reduce energy bills.
In some cases, half-hourly meters are compulsory. Businesses that consume electricity levels of 100 kW or more must use half-hourly meters. Businesses with electricity consumption levels between 70 kW to 100 kW have the option of getting an HH meter installed.
The type of business that typically uses an HH meter includes;
If you believe your workplace would benefit from a half-hourly electricity meter, you will be able to speak to your existing provider. Alternatively, you can explore your options for switching providers.
Here at Business Energy Comparison, we make it easy for you to find the best electricity provider. Our easy-to-use comparison tool ensures you can find the best deal for your needs.
How Can I Tell If I Have A Profile Class 05-08 Meter?
Businesses with profile class meters of 05 to 08 require half-hourly meters. The profile class is determined by the business’s peak load factor. This is the kWh used during the billing period divided by the maximum KW demand. Supply numbers are then divided by the billing cycle day number and one 24-hour period.
Peak load factors then correspond to the profile class a business is categorised by. The profile class is displayed on your power meter.
There are nine class profiles in total, including;
Profile Class 01 is for domestic unrestricted energy users. This includes those that don’t need tailored energy plans. Many small businesses fall into this category.
This profile class is for small and household businesses that can make savings in off-peak hours. These are known as Domestic Economy 7 energy users.
A small business that doesn’t have high energy needs is more likely to have an unrestricted supply. Energy use is typically predictable.
Profile Class 04 users combine 02 and 03 needs. This means that low energy use and Economy 7 meters are combined for cheaper energy rates.
This is the first profile class for maximum-demand users. Class 05 is for the lowest energy use customers in the maximum demand class. They will have a peak load factor of 20% or less.
Peak load factors of 20% to 30% fall into the 06 class.
This profile class is for users with a peak load factor of between 30% to 40%.
This profile class is for businesses whose peak load factor exceeds 40%.
Class 00 is for businesses that have the highest energy use levels.
How Does This Meter Work?
Half-hourly meters are straightforward metering devices that provide regular, accurate updates. Estimated bills will become a thing of the past. This allows businesses to budget properly and keep on top of expenses.
Automated Meter Reading (AMR) technology removes the need for manual reading by employees or the energy company.
The use of a phone line or strong internet connection allows the energy company to receive updated information every half hour.
Energy suppliers will then have the information to determine the kWh (kilowatt-hours) used by the business. This will determine the cost of the overall electricity bill.
Real-time energy consumption information can be viewed by customers as well as energy providers. Data can be used to negotiate business electricity contracts. It can also be used by companies to streamline processes. This can lead to a reduced electricity bill.
It can be a valuable tool that helps provide accurate billing. This allows businesses to manage their finances more easily.
Can I Switch To A Half Hourly Meter?
As long as your peak energy demand is a minimum of 70KVA for every half-hour period, you can switch to a half-hourly meter.
Half-hourly metering is designed for larger businesses with higher energy demands.
Large businesses with high energy demands that exceed 100 kW must have a half-hourly meter installed.
Businesses with energy needs of between 70 kW and 100 kW will have the option of installing a half-hourly meter or not.
If this is the case, switching to a half-hourly meter will be a business decision that you have to make. Having an electricity meter that sends data to your supplier every half-hour period can have a number of benefits.
Half-hourly meters work to provide energy-intensive businesses with valuable information. This can be used to improve efficiency.
Depending on how much energy you use, switching to HH meters for accurate meter readings can be an excellent idea.
Business Energy Comparison Energy Supplier Solutions
Half-hourly metering can provide businesses with the data they need to reduce their energy bill.
Peak electricity demand from the national grid can be expensive. Monitoring energy usage will let businesses adjust operations. This can help make the business more energy efficient.
Another important factor for businesses that want to save money on electricity costs is finding the right supplier.
Having accurate data to provide potential new suppliers can help you negotiate tariffs.
An HH meter will ensure your previous energy bill is accurate. Being able to provide this information when comparing providers will help them tailor plans to your needs.
Business Energy Comparison offers a way for businesses to compare the best energy providers.
We can help to save you time and money by providing you with the best energy providers for your needs.
All we need is the address of the business. We then make use of industry-held data to determine your current energy usage.
Our team of experts will then ensure your switch is hassle-free. There will be no break in your electricity supply, and you can spend your time on your business.
Frequently Asked Questions
The Distribution Network Operator (DNO) maintains and manages local electricity networks.
Ofgem regulates the Distribution Network Operator. They are in control of the hardware and cables that bring power to businesses and homes from the National Grid.
Agreements are made with the local Distribution Network Operator. They determine the maximum energy usage the premises will have.
This allows the DNO to supply all energy users in the area. There is a charge for businesses based on the maximum import capacity or available supply capacity.
MD is the maximum demand that businesses have for electricity across a half-hour period.
The MIC is the maximum import capacity. It is also known as the ASC (Available Supply Capacity). This is the maximum amount of electricity the business agrees to use with the local Distribution Network Operator.
Exceeding the MIC can result in the DNO imposing an Excess Capacity Charge on the business.
Your data collector (DC) collects the half-hourly energy data from your business via a phone line or by internet connection.
Data aggregators (DA) validate the data to provide you with accurate bills and statements.
Yes, it is possible to agree on a time-of-use tariff with your energy supplier. This provides discounted rates for electricity used at off-peak times.
Using a smart meter will help you to understand your power usage patterns. This can help you make changes to your operations to take advantage of cheaper energy times.
Energy is offered at cheaper rates as a way to incentivise businesses to use less power during peak times. This allows the energy network to provide a more efficient service.
You will have a Capacity Charge based on the MIC. This can sometimes be called an Availability Charge.
A kVA charge is paid to the DNO every month. It is based on the available power capacity your business has agreed. This charge will be paid based on your MIC and be part of your energy bill.
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