Moving to half-hourly energy readings (BSC P272 and P322)
Changes to industry rules mean that suppliers will record your business’s energy use every half hour, as part of a process called ‘settlement’. You’ll be moved onto these arrangements when you renew your contract or switch supplier.
The new arrangements are due to changes to the Balancing and Settlement Code, known as P272 and P322. These may change the way you’re billed by your supplier.
These changes will only apply to you if you’re a business (‘non domestic’) customer in profile classes 5-8 and have an advanced meter installed. If you’re not sure whether you have an advanced meter, please contact your supplier.
I don't know when my contract is due for renewal
This usually is detailed on your bill. However, not all suppliers provide this. You can either contact your supplier or with your permission we can check and confirm this for you.
What is a deemed contract?
A deemed contract is normally in place when any type of customer moves into new premises and starts to consume gas, electricity, or both, without agreeing a contract with a supplier. A deemed contract may also exist where an existing contract comes to an end but the customer continues to consume energy. This second possibility could arise in two ways:
1. If a contract is terminated (by either the supplier or the customer) but the supplier continues to supply the customer, there is likely to be a deemed contract if:
2. Where a contract expires but the customer is still using gas, electricity, or both from the same supplier, a deemed contract is likely to exist if:
Around 10% of micro-businesses are on deemed contracts. It’s vital that they are aware that prices on these contracts are on average 80 per cent more than rates charged in a negotiated contract. If you are on a deemed contract you should shop around and compare supplier offers for a new energy contract, as you could make significant savings.