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There are many kinds of electricity meter for businesses, here we provide you a guide about, how they differ and how they can benefit your business.
This is a very early version of what is now known as a smart meter. A Half Hourly meter is linked to a phone line or in some instances uses substitute communication technology and as its name suggests the meter takes and records a reading of your demand every half an hour. This information is then relayed to your supplier to provide an accurate view of how much energy you use and when.
The information sourced from the meter creates a 365 (days) x 48 (half hours) of data that allows a bespoke ‘demand profile’ to be created. This information is significant for our I&C Professional customers to source the best pricing via our Reverse Auction service.
This is a one-rate meter and is the most ordinary type of business meter. There are only a single price and measurement period in one rate meter; this will most likely be described as ‘All Units’ on your electricity invoice. As a result you will only have one tariff that is applicable for all your usage meaning that pricing is relatively straightforward and that all suppliers will be happy to accommodate your meter type.
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This is the simplest two-rate meter existing and it is very common amongst both businesses and households. One rate is used to calculate your daily usage and this will be charged at a higher rate to characterize ‘peak’ hours. You will then be charged a lower unit rate for the Economy 7 hours during the night.
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This is a two-rate meter but with an extensively more complex set up. As the name suggests this meter’s two-rate functionality isn't defined just by hours but also days. As a result you will have a Day Rate and a second rate for your Evening and Weekend usage.
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This is a three-rate meter with additional complexity by virtue of calculating and charging for energy usage across three distinct periods. This Meter will consist of a Day price, an Evening & Weekend price, and a Night price.
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This is a one-rate meter, related to a standard meter but which is designed to hold high demand customers.
This is a two-rate meter, related to an Economy 7 meter but which is designed to hold high demand customers.
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This is a multi-rate meter and the most difficult single meter of all. Under this metering system, your consumption will be dividing into different times of the day and different months during the year.
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A Related Off-Peak Meter is a metering system where a second meter is connected to the main meter. The ‘related’ meter will consume less energy than the main meter and is classed as off-peak. As is general with all meters, the off-peak prices will be cheaper than the main meter prices.
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A Multi Metered MPAN is a set up where multiple meters nourish into one main meter and it is that main meter that logs the consumption of all the meters within the chain.
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If you would like to find out more about metering types and how to identify your metering system or if you simply want to see what our service options can do for your business call our energy experts on 08000488472.