Advice for SAIF Members on avoiding electricity penaltiesDecember 27, 2017 // No Comments
Does your business use a lot of electricity during peak times and has half hourly (HH) electricity meters? From April 2018, The Office of Gas and Electricity Markets (Ofgem) is bringing in a new measure, known as DCP161, which will allow suppliers to charge an excess penalty which could be three times higher than the standard contracted rate. If supply regularly exceed the Agreed Supply Capacity (ASC), DCP161 could increase your overall electricity bill by up to 2%.
So what can you do?
A) If your electricity contract is due for renewal between now and April 2018, compare your existing supplier with competitors as excess charges will vary from supplier to supplier.
B) Check whether your business regularly excess its ASC, if it does see if it’s possible to change the patterns of energy used to avoid triggering any excess.