Typically, a multi-residential building has a bulk meter for each utility to measure overall consumption. The owner, property manager, developer or condo corporation is responsible for the bulk utility bills. Submetering measures the consumption of each suite and bills residents or tenants for their own consumption of any utility metered.
Transparent accessible data allowing better control of costs at each property.
Protection from utility rate increases.
Submetering turns every resident into a utility manager reducing overall consumption by 30% or more.
Reduces wear and tear on building infrastructure.
Increases net operating income (NOI) and building value.