A residential block in Vincent Square (Central London) has a Half-Hourly (HH) electricity meter acting as a landlords supply serving the communal areas.

Due to the Targeted Charging Review (TCR) set by Ofgem, this electricity supply encountered considerably higher fixed costs with a standing charge reaching £23.62/day for the fixed term contract. If nothing was changed, the standing charge would remain at over £8.6K per year with an additional capacity cost of over £4.7K per year.

Energunite completed a review of the historical HH data and proposed a capacity level reduction which would achieve the above expected annual savings in green. The proposed changes were discussed with the managing agency to confirm its suitability.

Upon receiving Customer instruction, Energunite communicated with the District Network Operator (DNO) to process a New Connections Agreement and then ensured the Line Loss Factor (LLF) was revised by the Distribution Pricing team. Suppliers were also contacted until the capacity level change was reflected in their supply bills and next supply contract was offered at the considerably lower standing charge cost.

As a result, this residential block in Vincent Square reduced their HH capacity level by 260 kVA which led to a £4,185.09/year capacity cost saving effective 1st May 2024 and a £6,002.61/year standing charge cost saving effective from next supply contract start date of 1st October 2024 (new standing charge at £7.17/day).

The total saving is over £10K per year on a continuous basis.