Glossary of Terms
Issue: 1.8
Page 69 of 69
E470 Tokenless Smart Prepayment Meter
© Gyr
18 Glossary of Terms
Billing Cycle
The Billing Cycle is a period of days over which the Block Tariff for energy consumption is
applied.
Block Tariff
A charging regime for energy in which the total energy consumed in the billing period is divided
into blocks that are charged at specified rates.
Block Tariff Threshold
The Block Tariff Threshold is a value in kWh that defines the cumulative energy consumption
within a Billing Period when the cost of energy changes from one rate to the next.
Currency Conversion
Factor
The Currency Conversion Factor is a value by which the current monetary values in the meter
are divided in order to convert them from £ to € or vice versa.
Debt to Clear
The minimum credit purchase that is required to clear the current debt and raise the meter into
credit.
Debt Repayment Amount
An amount of debt transferred to the Meter to be repaid from the Present Balance register by
instalments at regular intervals.
Debt Repayment Rate
A weekly amount that is paid by 100 regular instalments within the week, that repays the Debt
Repayment Amount.
Emergency Credit
Allowance
The Emergency Credit Allowance is an amount of Credit that is available as an overdraft
facility and is transferred to the Meter’s Present Balance register when Emergency Credit is
selected.
Emergency Credit
Threshold
The level of credit, below which, Emergency Credit shall be offered.
No-Disconnect Period
A period that can be defined on a daily basis wherein the Meter shall suspend opening the
contactor if its credit is exhausted. Any charges applied during the No-disconnect period shall
accrue as debt.
PPU
The price in pence (or cents if Euros are the selected currency) of each unit (kWh) of electrical
energy consumed. PPU is the tariff rate.
Purchased Credit
Purchased Credit is the monetary credit value that is purchased at a Point of Sale terminal and
transferred to the meter by SMS message.
Rate Switching Matrix
A regime of switching times that defines when one tariff rate changes to another.
Standing Charge
A service charge, expressed as a weekly amount, to be deducted from the Present Balance
register. Standing charge shall be repaid as 100 instalments of the weekly value with a
payment taken every 1.68 hours.
Switching Time
Switching Time is a time boundary within a Time-of-Use tariff when the cost of energy changes
from one value to another.
Tariff Rate
A numeric identifier that selects one of 4 prices stored within the meter, to charge for electrical
energy consumed. When a particular Tariff Rate is active energy is charged at the
corresponding price per unit (PPU).
Weekly Repayment
Charge
The combined value of Weekly Standing Charge and Weekly Debt Repayment Charge
recovered by the meter and displayed as Total Charge/Week.
MPAN - Meter Point
Administration Number
Provides a unique identity reference number for the meter and provides other information such
as local distributor, profile type, meter time switch code etc.
