Half Hourly Electricity Meters
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Half Hourly Electricity Meters

Half hourly electricity meters are a type of meter that is installed for large commercial or industrial sites in the UK. The volume of electricity is measured in 30-minute intervals and this is reported back to the supplier to measure and report the amount of electricity usage at that particular address. The meter also reports the usage to the electricity provider in order to provide accurate readings that are not hampered by human error. These meters are mandated for some businesses in the UK and optional for others. To read more on the mandatory requirements for a half hour meter, then please read our market overview. Review our Half Hourly Electricity Procurement Brochure and an overview of our approach and methodology process. 

What Half Hourly Meters Do

Half hourly electricity meters are just like a standard meter that can be found outside any home or business, but rather than measuring the amount of electricity used on an estimated basis, they measure how much electricity is used during each half hour period. This is especially helpful for large businesses and manufacturing facilities because it helps to provide information regarding the amount of use during specific times of the day, in turn making it easier for such businesses to regulate their consumption and decrease costs. In fact, UK regulation mandates businesses that use a certain amount of power to have half hourly meters installed.

Which Businesses Have Them?

According to regulation in the United Kingdom, businesses that use 100kW or more of electricity in a single half hour period must have half hourly electricity meters installed. Those that use 70kW or more of power in a half hour period can opt to have half hourly meters installed, but this is not mandated. Those who are not sure whether or not they have these meters installed on their premises can check simply enough. Simply look for an S with two rows of numbers, afterward; if the first set of numbers is 00, or double zero, then this is a half hourly meter. If the number is 05, 06, 07, or 08, it may still be a half hourly meter.

Pricing and Tariffs

Because half hourly electricity meters provide such accurate information to energy suppliers, they can base the price that is paid by the company solely upon the exact amount of power that is consumed. The information is sent to the supplier via SMS or radio packet delivery like system, and this means that there is no room for human error when it comes to reading usage.

The tariffs are typically negotiated on a contract, but this depends on the supplier. The prices fluctuate based upon factors like wholesale prices, the demand for detailed data and the hedging strategies of the supplier. However, in almost all cases, these meters will provide savings when they are installed in the proper setting.

Half hourly electricity supply meters not only help businesses and industrial facilities save money on their power bills, but they also help power suppliers better regulate their prices. These meters are incredibly accurate and provide detailed information that was not previously available, making them a commodity that is sure to expand to other parts of the market in the near future and will start to apply to non half hourly electricity.

Half Hourly Electricity Prices

Trying to obtain prices for a half hour meter isn't very straight forward, and unlike other energy products these prices are individual to your requirements and electricity demand. Because of this, prices can't simply be quoted from any price book, they have to be determined by a number of factors. From these factors suppliers will build a price that is unique to your location, supply volume and consumption patterns.  Review our Half Hourly Brochure and an overview of our approach and methodology process.

They do this by auditing your previous 12-months worth of consumption, looking at factors such as your base load, peak demand, and any seasonal variances in use.

A number of other variables also go into making up your final contract price, but the general rule of thumb is that suppliers margin and cost to serve your account will be approximately 5% of your total bill value.

The cost to deliver or distribute your electricity to you, then accounts for approximately 20% of the total bill value, and is dependent on your connection to the local distribution.

For example cables below ground will attract a different cost to overhead cables, however this element is regulated and price controlled by the industry regulator Ofgem. This cost element is published and updated annually and all suppliers work of this industry set cost with out the room to negotiate any discount.

The biggest proportion of your final energy bill is made up of the raw product cost, the actual energy and accounts for approximately 75% of your final bill.

Your Annual Energy Consumption

In order to obtain the best business electricity rates a supplier needs to understand your location, the type of meter that you have and how you are connected to the local distribution company. They also need to understand what your agreed available capacity is with the local distribution, and if you have a low voltage of high voltage connection.

In addition to the technical information and in order for a supplier to price your half hourly electricity meter, they need to understand how and where you use your energy. Because these type of meters capture consumption data every 30-mins of the day, all of this data is gathered together to indicate how your energy is used over time. Do you have any seasonal, time of day, or time of week variants for example. So obtaining the cheapest half hour prices isn't simply a case of using a price book from a supplier to cheap half hour prices, it is more involved and requires a high level of understanding to accurate measure the value of each offer received.

Our suppliers - Gas & Electricity

Wingas

Wingas

Smartest Energy

Smartest Energy

Total Gas & Power

Total Gas & Power

Scottish Power

Scottish Power

OVO energy

OVO energy

Scottish & Southern Energy

Scottish & Southern Energy

Opus Energy

Opus Energy

Npower Business

Npower Business

MA Energy

MA Energy

LGP Lancshire Gas and Power

LGP Lancshire Gas and Power

Hudson Energy

Hudson Energy

Good Energy

Good Energy

Haven Power

Haven Power

Engie

Engie

Gazprom

Gazprom

Eni

Eni

First Utility

First Utility

EDF Energy

EDF Energy

E.ON

E.ON

DUAL energy

DUAL energy

Dong Energy

Dong Energy

Daligas

Daligas

Crown Gas and Power

Crown Gas and Power

Corona Energy

Corona Energy

Contract Natural Gas

Contract Natural Gas

Better Energy

Better Energy

British Gas Business

British Gas Business

Airtricity

Airtricity

Avanti Gas

Avanti Gas

Axis Energy

Axis Energy

Extra Energy

Extra Energy

Vayu Energy

Vayu Energy

Energia

Energia

Swalec

Swalec

Scottish Hydro

Scottish Hydro

Yorkshire Gas & Power

Yorkshire Gas & Power

Our Suppliers – Metering & Smart Meters

BGlobal Metering

BGlobal Metering

IMServ

IMServ

Siemens Metering

Siemens Metering

Western Power Distribution

Western Power Distribution

G4S Utility Services

G4S Utility Services

Gazprom

Gazprom

Stark

Stark

E.ON

E.ON

SenseLogix

SenseLogix

Measure My Energy

Measure My Energy

Digital Energy

Digital Energy