Created by the Government in 2008 to ensure our energy is secure, affordable and efficient. This only applies to Maximum Demand customers and is the commercial electricity load allowed to be taken to run industrial equipment. However there is a tendency for some commercial energy suppliers to use jargon and acronyms which mean nothing to the average businessperson simply looking to compare business electricity prices.
CCL Climate Change Levy. A service provided by the electricity suppliers and distribution companies which notifies the relevant organisations when someone is switching commercial electricity supplier.
LEC Levy Exemption Certificate. A greenhouse gas, measured in tonnes, that makes up the Carbon Footprint belonging to each commercial electricity user.
AMR Automated Meter Reading.Comparing business electricity and business gas prices doesnt have to be complicated, particularly if you use an independent expert to guide you through the process. Maximum Demand meter profile numbers begin with 05, 06 07, 08 and usually have their own types of tariff. Available from Smart Meters, these readings provide instant and accurate data about commercial electricity consumption. A unique number used to identify a meter which will be displayed on the front of most meters. Sometimes known as Calculated Annual Consumption or CAC.
EU ETS European Union Emissions Trading Scheme. A scheme to reduce emissions of carbon dioxide to meet targets set out in the Kyoto Protocol. Issued by Ofgem to exempt the holder from paying Climate Change Levy in addition to business electricity prices. The highest expected load drawn from the network by an intensive commercial electricity user.
LNG Liquefied Natural Gas. The name for meters with the profile number 00 that are used by energy intensive businesses whose average peak electricity demand was greater than 100kW in Terminal Board any three months of the previous year.
CRCCarbon Reduction Commitment. Also known as a supply number or an S number, this is the unique identifying number that can be found on a business electricity price bill. Holds details of exactly how a unit of renewable electricity was produced, who produced it and who bought the electricity.
KWHKilowatthour. A measurement of the energy contained in gas and usually quoted in megajoules per cubic metre (MJ/m3).
MTCMeter Time Switch Code. A unit of power required to run industrial machinery. The standard unit to which business electricity prices relate.
MD Maximum Demand. The organisation set up to regulate and promote competition within the deregulated energy industry. A charge introduced by the Government in 2001 on commercial electricity and gas, intended to encourage less consumption and reduce emissions of greenhouse gases.
CO2Carbon Dioxide. A scheme designed to improve energy efficiency in large organisations and mandatory for the 5,000 biggest commercial electricity users in the UK.
ROC Renewable obligation certificate. Industry wide process to resolve problems arising when closing and opening meter readings do not correspond during a business electricity switch or change of tenancy. It is 10 digits and can be found on a bill.
MPR Meter Point Reference. EG It may support two rate tariffs for day and night consumption. Provides information about your business electricity meter (like the number of dials it has) and which tariffs it supports. Similar to above but for gas ie it is the unique identifying number of a commercial gas supply. An estimate of future consumption of commercial gas, as calculated by the distribution network, Transco.