Why is data analysis important? 

Analysing your data is crucial from the start, and just as important throughout your contract for different reasons.


Many businesses do not realise the difference in contract options or that they may benefit from changing the way in which they receive their energy from their supplier.


A lot of businesses opt for the simple fully fixed product when it comes to purchasing their energy, but do not realise that certain elements of their unit rate contains risk for peak usage.


By analysing your data, First Choice Utilities can recommend the best possible tariff for you based on your patterns and trends.


Data analysis also allows us to see whether there are any unusual spikes in consumption due to an unnoticed power surge on machinery or circuits as well as abnormal usage during periods of reduced or none operation.


Key benefits;
  • Better understanding of usage

  • Explanation of over consuming

  • Identify faults

  • Recommendation of better tariff options

What is kVA analysis? 

DCP 161 is a new measure effective from 1st April 2018 which has been introduced by Ofgem to ensure that half hourly (HH) customers which exceed their assigned available capacity (kVA) are financially penalised.


This change will ensure that the additional costs Distribution Network Operators incur when customers exceed their available capacity levels are recovered.


Currently, if a customer exceeds their available capacity, the supplier adds a small charge to the bill.


However, with the introduction of DCP 161, businesses which exceed their capacity will be charged a penalty rate expected to be up to three times higher than standard.


The applicable rates will vary, with charges predicted to be higher in areas of higher demand.


To avoid this it is essential to understand your usage, available capacity and maximum demand levels for your supply.


Businesses currently incurring excess capacity charges need to either agree a revised capacity or take energy saving measures to reduce their maximum demand to avoid these fees.


Businesses moving from none half hourly (NHH) to half hourly (HH) meters are particularly vulnerable and should seek to establish their current agreed capacity and levels of maximum demand

Want to know more?

Get in touch and one of our energy professionals will be happy to assist you.