A way of precisely allocating a tenant's electric costs is called submetering. It is based on the direct measurement of electric use by an authorized metering equipment. It gives a renter a means to keep track of usage and determine whether conservation efforts are successful in lowering power usage and, consequently, energy cost.
It gives a renter peace of mind knowing they are just paying for their consumption and not helping out (or being helped out by) any other tenants in the building. This also makes it easier for an energy consultant to lay out an energy plan that can be followed by all tenants in a rental complex.
Meters vs. Submeters
Meters and submeters differ in terms of their use and positioning. Energy is measured by the building meter for the utility and your electricity bill (i.e., the utility meter on the side of your building). Submetering is the process of classifying the energy in your building or business using an energy meter installed inside.
Types of Submetering
The term "submetering" refers to a number of subcategories. A subtype of this is tenant submetering, which focuses on tracking tenant-specific energy usage, including demand measurements. Plant submetering measures the energy of your plant using submeters. BTU, electric meters, flow, gas, and steam meters, and others that are integrated into a plant management systems are all examples of submeters.
Benefits of Submetering
All sorts of facilities are attempting to better understand their usage and what is causing growing electrical bills in response to rising energy costs and a greater emphasis on energy conservation. Submetering enables users to keep track of specific equipment so that energy expenses may be divided across several operations and departments. Building managers may take remedial action by using this data to better understand who is consuming the most energy and where it is being used.
The use of so-called "peak demand" fees by utilities is one of the simplest ways to let your power expenses spiral out of control. In this case, a utility supplier will charge a higher cost per kWh when demand is higher to stop all customers from using as much energy as possible during these peak hours.
Energy Consultant in Manhattan, NY
Submeters give customers access to specific consumption data, enabling them to take advantage of off-peak pricing and prevent price hikes associated with time-of-usage billing. To find out more about natural gas submetering, contact the team at Slattery Energy Consulting Group today!