What is P272?

P272 is a mandatory industry change that affects the way in which energy consumption is settled for those who’s electricity meters fall into profile classes 5 - 8. The regulation stipulates that AMR (automatic meter reading) meters, with profile classes 5 - 8, will be settled on actual half hourly consumption rather than a pre-determined industry forecast.

The settlement process is where the volume of electricity is allocated out to energy suppliers and the principle behind the P272 is that this will allow suppliers to price future contracts based on the actual consumption pattern rather than a generalised allocated volume of energy. 

FAQJoe Hickman