Broadway Residences

What is a Private Network?

Broadway Residencies has a Private Electricity & Water Supply

• Commercial buildings that were converted to residential homes are done so under permitted development regulations and have greater flexibility through a simplified planning process.
• It can be expensive to install independent on-grid supplies into each converted apartment. Often its more commercial to keep the buildings existing utility infrastructure in place, and instead, install a private network and sub metering system.
• The original on-grid, electricity and water supply points remain in place and provides electricity and water to the entirety of building and the private network and sub metering system feeds from that main supply, into each apartment.
• The electricity and water supplier suppliers invoice Seven Capital (Broadway Residences) Limited for the consumption drawn from these two main supply points.
• Seven Capital (Broadway Residences) Limited then passes on charges to each of the residents for their share of these supplies.
• The charges to residents are based on a sub meter reading which measures the consumption going into each apartment.
• This is known as a private network and sub metering. The process of onward charging utilities through a private networks is referred to as Reselling by OFGEM and OFWAT the regulators.
• It is not possible to change supplier when you are connected to a private supply.
• The Energy Price Guarantee also more commonly known as Price Cap is not available to private supply residents. This is because the main on-grid meters are contracted under a commercial contract and EPG is only available on domestic contracts.
• We understand this may seem unfair because the supply is eventually used by domestic consumers, but it is against the regulations for suppliers to apply domestic price caps to a commercial contract and it is impossible to get a domestic contract for a meter that consumes so much power.