NEWS
MOP Contracts: How you can save your business up to £1,500
If your business is on a half-hourly meter, MOP contracts could be saving your business money. Here’s our breakdown of what they are and whether your business is eligible.
What is a MOP contract?
A MOP contract stands for Meter Operator Contract. It is an agreement, separate to your energy contract, for managing your electricity meter. If you do not have a separate MOP contract, your meter is managed by your electricity supplier or DC/DA provider. However, your electricity supplier and the company that is responsible for your meter do not have to be the same. DC/DA stands for Data Collection and Data Aggregation, which is a mandatory service for those businesses with a half-hourly meter.
Who can have a MOP contract?
If you have a half-hourly (HH) meter you will be able to benefit from a separate MOP contract. A half-hourly meter transmits a read to your supplier every 30 minutes via a SIM card or phone line connection. MOP contracts are a legal requirement for those businesses affected by P272 legislation.
How do I know if I have a half-hourly meter?
Check your bill – if the MPAN box (the S -number or “bingo box” on your bill) has a “00” in the top left box, then you have a HH meter. An HH meter is a requirement for sites that have a maximum electricity demand over 100KW.
What is the benefit of a separate MOP contract?
MOP contracts enable you to keep a much more accurate track of your energy useage. Instead of supplier estimates, you’ll receive more accurate billing based on your actual energy use. You can also save money by having a separate MOP contract, as we explain below.
How much hassle is it?
It’s no hassle. Your Meter Operator will take care of all installation and maintenance requirements of your HH meter, including communicating and sending data between your meter and your supplier or DC/DA provider. A MOP contract is typically 1 – 5 years and does not have to run concurrently with your electricity contract. It is usually billed annually.
How much can I save?
If you don’t have a MOP contract, your meter will be managed by your supplier at their default charge. Suppliers typically charge £50 – £150 per month for this – a cost of up to £1800 per year on top of your electricity bill. With a separate MOP contract, you can pay as little as £25 per month – £300 per year – which could mean a saving of up to £1500.
How do I get one?
Contact us on 0115 648 5655. We can find the best MOP agreement for you; help you through the process and save your business money.