There are a few different types of energy meter available, and the one that’s right for your business depends on your circumstances, and the amount of energy you use. The most common types are:
- Single rate meter: ideal if your business rarely operates outside the hours of 8am - 10pm. A single rate meter monitors your energy usage at a flat rate. It’s a good choice for offices, cafes and shops.
- Two-rate meter: also known as Economy 7, this will charge you two separate rates for peak hours and off-peak hours. You’ll be charged a more expensive unit rate during peak hours - usually during the daytime - and a cheaper rate for off-peak hours in the evening and overnight. This is a good option if your business mainly operates between midnight and 8am - for example, takeaways, or food manufacturers who run chillers overnight.
- Three-rate meter: charges you one unit rate for peak hours, another rate for off-peak hours, and another for weekends. This is a good option for businesses that regularly operate at weekends, such as restaurants and pubs.
If your business operates from more than one location, you may have a separate meter at each site.
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