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There are several reasons businesses may require a new meter installation. Whether your energy consumption is increasing or you’re moving into new premises, Business Electricity Prices can help you complete a successful business meter installation.
Before installing a new business energy meter, you will need to consider how you use gas and electricity to ensure you have the right meter in place.
In this guide, Business Electricity Prices explain how you can install a new business energy meter that meets your needs.
What is the process of installing a new business energy meter?
When installing a new business gas or electricity meter, you will need to follow three steps:
- Locate your Meter Point Administration Number (MPAN) and Meter Point Reference Number (MPRN)
Your Meter Point Administration Number (MPAN) and Meter Point Reference Number (MPRN) are unique numbers which identify the supply to your business premises.
Your MPAN can be found on a recent electricity bill and your MPRN on a recent gas bill. When installing a new business energy meter, you will need to submit these numbers to your energy supplier.
- Choose the type of energy meter you need
Not all energy meters are the same, so it is important to decide which type of energy meter you need.
At Business Electricity Prices, we have a team of energy experts who can help you choose an energy meter which best suits the needs of your business.
- Arrange your installation
Once you have selected your meter type, you can arrange the installation with your business energy supplier.
Once your supplier has assessed the work that needs to be carried out, they will arrange a day for the installation. Installing a new business energy meter will usually take between two and three weeks but can be up to 12 weeks if you are installing a meter for the first time.
What if you are installing a business energy meter for the first time?
If you have moved into brand new premises and there is no meter in place, you will need to arrange a new connection. This includes:
Setting up a new connection
The local Distribution Network Operator (DNO) is responsible for setting up new connections. You will need to get in touch with them and get a quote for the work to be carried out.
A new meter installation cost will depend on the amount of electricity you will need and where you are located in the UK.
Choosing a new energy supplier
Once you have contacted the DNO to arrange a new connection, you will need to choose an energy supplier to provide your gas and electricity. At Business Electricity Prices, we can help you quickly find the best energy tariffs to suit the needs of your business. All we need from you is your business address and a few contact details to start your quote.
How to choose the right business energy meter
Choosing the right business energy meter for your premises will depend on how you intend to use your gas and electricity. The type of business you run and your overall energy consumption will determine the best business energy meter type for your premises.
The three basic meter types include:
With a single-rate meter, your energy usage will be monitored at one flat rate. Single-rate meters are the most common business energy meter types. They are usually the best option for businesses who consume most of their energy within peak hours (8am – 10pm).
As the name suggests a two-rate meter charges two separate rates for the energy you use depending on the time of day. You will be charged a cheaper rate during off-peak hours and a higher rate during peak hours. If your business operates mostly at night, such as a takeaway or bar, a two-rate meter can be an ideal option.
In addition to charging different ranges for peak hours and off-peak hours, a three-rate meter charges a third rate for weekend usage.
This type of meter can be beneficial to businesses which operate mostly at weekend. However, it is important to bear in mind that rates for peak hours can be much more expensive on two-rate and three-rate meters.
Do you require a single or three-phase supply?
A single or three-phase supply refers to the voltage of electricity supply your business receives. A three-phase supply will offer a higher voltage than a single-phase supply.
Businesses using large machinery such as manufactures may require a three-phase supply. If your business simply uses electricity for heating and lighting such as retailers or offices, you will generally only require a single-phase supply.
Installing a half hourly meter
If you run a high energy consumption business, it is likely you will require a half hourly meter. Half hourly meters provide meter readings directly to your supplier every half hour, allowing you to benefit from more accurate billing without the need to manually supply meter readings.
If you consume more than 100,000 kWh of business electricity per year, you will be legally required to install a half hourly meter at your premises. Businesses which consume less than 100,000 kWh of electricity per year can still switch to a half hour meter.
Moving to a business smart meter
If your business doesn’t use enough energy to require a half hourly meter, you can install a business smart meter.
A smart meter will allow you to receive accurate business gas and electricity billing without the need to manually provide your supplier with meter readings. As with domestic smart meters, your meter readings will be sent to your supplier automatically using wireless technology.
Most suppliers will install a smart meter free of charge, however, it can take weeks or even months to arrange an installation date. On the day of the installation, it should take no more than an hour or two to get your meter set up.
Why it’s important to compare business energy suppliers
If you are thinking of installing a new business energy meter, it is vital that you take the time to compare business energy suppliers. Even if you take all the necessary steps to ensure your business has the right meter in place, you will still be missing out by failing to switch to the best energy tariff.
At Business Electricity Prices, our energy experts can help you find great energy prices from a wide range of suppliers. When you switch with us, we’ll even be in touch towards the end of your contract to ensure you can stay on the best deal and never overpay for your business energy again.
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