What is Half / Quarter Hourly metered electricity?
Half Hourly or Quarter Hourly electricity meters, records total consumption every half an hour or quarter of an hour of the day and night so that your energy bills are accurate and you are only billed for what you use. Typically you may find these metered supplies at the premises of larger electricity users. This can range from large office facilities to industrial users. You will find that when you receive a proposal for your supply it is only valid for a short period of time.
This is because traditionally these types of meters are priced from a live commodities market. You will usually find that your prices will fluctuate on a daily basis, sometimes even being withdrawn, due to live price movements on the wholesale markets. Organizing proposals for Half Hourly / Quarter Hourly supplies is no mean feat. It requires consolidation and gathering of various pieces of data relating to the supply before even considering preparing tenders for the many suppliers that are available. Due to its time consuming nature, many organizations will partner with specialists such as Northern Gas and Power in order to gather successful proposals.