It should come as no surprise that commercial buildings use a lot of energy, but did you know that the average 15,000 square foot office building uses over $30,000 worth of energy per year? It's important for building managers to recover utility costs from tenants so you're not stuck with the bill, but it's not as…
Commercial real estate has changed: energy costs are higher and building owners are more likely to have a mixture of diverse tenants. This means that they can no longer depend on homogenous energy use among their tenants—two tenants on the same floor might be involved in two different industries and use different amounts of power…
Managing tenant energy billing may seem daunting, but it doesn’t have to be difficult. With new, high-quality multi-circuit metering technology, you can accurately measure tenant energy consumption, bill them for their usage, and help them to use less energy (which can ultimately lead to lower costs). But there are many different types of metering technology…
Electrical rooms tend not to be a priority in the layout of commercial real estate space. These supporting facilities are most often small and filled with electrical distribution panels. For this reason, finding the space to install multi-circuit metering—especially in retrofit installs—is a challenge. Any square footage of floor space, such as common areas and…
For the first time in over 10 years, commercial energy prices have begun to increase. Closing coal facilities and decommissioning peaker plants have had implications for office spaces and large residential units. Their electricity cost per square foot reached $1.70 per square foot in 2017, up ten cents from the year before. This means that metering is…
If you own or manage commercial buildings, tenant submetering for your premises could transform how you bill your tenants for their consumption. The traditional approach is for a single meter that monitors the power consumption of multiple rental units. Tenants then share cost for energy consumption based on the rental square-footage they occupy. Traditional energy metering lacks transparency, which impairs…