Posts Tagged ‘P272’

DCP161 – What you need to know about new Ofgem penalties

Monday, March 12th, 2018

The way businesses use energy is continuing to come under scrutiny particularly for those larger energy users.

Ofgem started the process with the introduction of the P272 legislation. This moved maximum demand supplies (those with a profile number of between 05 and 08) to become half hourly supplies. Part of the rational behind this was to increase transparency in when energy is being used and when not.

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Potential new levies for those with half hourly electricity supplies

Tuesday, October 10th, 2017

The way businesses use energy is continuing to come under scrutiny particularly those larger energy users out there.

Ofgem started the process with the introduction of the P272 legislation. This changed maximum demand supplies (those with a profile number of between 05 and 08) to become half hourly supplies. Part of the rational behind this was to increase transparency in when energy is being used and when not.

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Changes to how your energy supply will renew

Tuesday, January 17th, 2017

Back in November 2015 we told you about the snappily titled “P272” legislation that was being brought in by Ofgem. This would affect anyone who had a Maximum Demand Supply – click here for that article.

WHATS CHANGED?

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What is P272 and does it affect me?

Thursday, November 5th, 2015

P272 is the name for a new Ofgem regulation that will affect how electricity usage and charges are calculated in future for certain supplies.

The regulation will only affect you if your supply is Profile 05, 06, 07 or 08, often called Maximum Demand Supplies. Check the MPAN supply number on your bill. Look for a letter “S” followed by two rows of numbers, and if the first two digits on the top line are 05 – 08 you are affected.

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What is P272?

Tuesday, June 9th, 2015

The intriguingly named P272 is a piece of regulation that was introduced by OFGEM in October 2014 that is due to come into force in April 2016. It relates to those businesses who have what are called maximum demand meters with an automatic meter reading meter (Smart meter) fitted.

The regulation states that from April 2016 these supplies must be settled on the same basis that Half Hourly meters are using actual Half Hourly (HH) consumption data. This means settlement using an industry wide forecast to allocate electricity volumes to each suppler.

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