Mr Moffitt’s Profits Times: October 2016
THE EUROPEAN UNION HAS ASKED MEMBER GOVERNMENTS TO LOOK AT WAYS TO DEAL WITH CLIMATE CHANGE.
As part of this study, smart meters are being rolled out nationwide for electricity, gas and water. This is targeted to be completed by 2020 for electricity.
Smart meters can send consumption data directly to your energy supplier. Thus no-one will need to come and read your meter and you will only be billed for the energy you actually use.
There should be no more estimated bills and you will be able to manage your energy use more efficiently.
For more details, see Ofgem’s website link re smart meters: www.ofgem.gov.uk/gas/retail-market/metering/transition-smart-meters
FROM 1 APRIL 2017, LARGER COMMERCIAL ELECTRICITY METERS IN CLASSES 05-08 (OFTEN CALLED MAXIMUM DEMAND METERS) WILL BE BILLED DIFFERENTLY.
If you have an existing AMR (Automatic Meter Reads) meter in these classes, this will be remotely converted to HH (Half Hourly) by your supplier at their cost. The consumption is recorded every half hour and uploaded remotely at regular intervals.
The data collected will enable your supplier to bill you accurately. Also the consumption data can be analysed to display “spikes” in consumption.
If you use electricity during peak times you may be charged more.These peak times vary depending on the Distribution Network Operator covering your area (e.g. Western Power). Thus you will be able to analyse and manage your consumption better.
If you do not have an AMR meter, your supplier will be responsible for changing it to an AMR meter at their cost. The supplier should do this before 1st April 2017.
Ofgem’s aim is that eventually those with small commercial supplies (03-04 profile) will also become AMR meters. This should start from 2018. P272 is further explained on Ofgem’s website: https://www.ofgem.gov.uk/publications-and-updates/moving-half-hourly-energy-reads-bsc-p272-and-p322-guide-businesses