What You Need to Know About P272
If you’re a small business owner, you’re probably wondering about P272 and how it will affect your business. This regulation was first proposed in 2011, but it will come into effect in April 2016. As a rule of thumb, HH meters will need to be settled on actual half-hourly consumption data. Currently, HH meters use an industry-wide forecast to calculate their volume and charge accordingly. However, this regulation will change all of that.
First of all, P272 is an energy code.
It’s an OFGEM regulation that mandates that maximum demand meters be settled based on actual half-hourly consumption data. This will make the process of calculating the electricity bill a lot more accurate and less stressful for both suppliers and customers. This regulation has many benefits, but it will require you to pay a slightly higher monthly electric bill, so it’s best to understand what the changes are before implementing them.
First of all, P272 will increase your electricity costs.
DUoS and TNUoS are unavoidable levies that help maintain and develop transmission networks. Although these levies will increase your monthly electricity bill, some people may benefit from the changes, as their Day/Night tariff will reduce their electricity bills. And of course, the new regulation will require all businesses to pay an additional fee to maintain the same level of service.
In addition to DUoS
P272 is also called the TNUoS (Transmission and Distribution Network Operator). The new system will increase the cost of electricity for households and businesses and will result in a higher bill for the average household. But some people will benefit from it, as their daily electric bill will be lower. These people will likely benefit from the Day/Night tariff.
The P272 legislation
is not intended to affect individual businesses. It’s designed to provide better information to customers about their energy usage. In turn, this will help companies calculate unit rates that will be more accurate. In other words, it will make it easier for consumers to know how much they are spending on electricity. And this is something every small business owner should know. This is because the government wants to encourage more companies to go green, and that’s good for business.
The P272 Alternative Modification
has already been approved by the Authority. It’s scheduled to go into effect on 1 April 2016. In the meantime, the Authority will continue to monitor the implementation of the new law. It’s important to remember that the Authority is not responsible for the implementation of the new regulations. It’s simply a matter of how the regulator determines whether or not to implement them. Regardless of the timing, businesses need to understand the impact of the new regulation on their operations.