Electric Submetering
Customized Electric Submetering Solutions for Apartment and Condominium Communities, Mobile Home Parks and Commercial Properties.
Electric service is one of the most expensive utilities for apartment complexes, condominiums, and mobile home parks. With an average monthly electric bill of around $90 a month for a 1.5 bathroom apartment, it’s easy to see how a 250 unit apartment community’s electric costs could easily exceed $25,000 each month when common area electric costs are added. And without allowing residents to manage and control their electric usage and thus costs, electric usage is likely to remain higher than it would be if submetered.
Electric submetering dramatically reduces electric costs in two primary ways. One way is that it encourages conservation. If residents are billed accurately for their actual electric usage, they are more likely to conserve electricity by more closely managing their heating and AC, turning off the lights and TV’s when not in use, waiting until they have full loads of laundry and in many other ways in an effort to keep their electric bill as low as possible.
The other way electric submetering reduces costs is by providing the ability to accurately bill resident and tenants for actual usage. This allows property managers to recover more of their electric costs from those who are using it.
An additional benefit to submetering is that it allows commercial and multifamily communities to maintain competitive monthly lease rates that do not include utility costs.
Electric Submetering
Customized Electric Submetering Solutions for Apartment and Condominium Communities, Mobile Home Parks and Commercial Properties.
Electric service is one of the most expensive utilities for apartment complexes, condominiums, and mobile home parks. With an average monthly electric bill of around $90 a month for a 1.5 bathroom apartment, it’s easy to see how a 250 unit apartment community’s electric costs could easily exceed $25,000 each month when common area electric costs are added. And without allowing residents to manage and control their electric usage and thus costs, electric usage is likely to remain higher than it would be if submetered.
Electric submetering dramatically reduces electric costs in two primary ways. One way is that it encourages conservation. If residents are billed accurately for their actual electric usage, they are more likely to conserve electricity by more closely managing their heating and AC, turning off the lights and TV’s when not in use, waiting until they have full loads of laundry and in many other ways in an effort to keep their electric bill as low as possible.
The other way electric submetering reduces costs is by providing the ability to accurately bill resident and tenants for actual usage. This allows property managers to recover more of their electric costs from those who are using it.
An additional benefit to submetering is that it allows commercial and multifamily communities to maintain competitive monthly lease rates that do not include utility costs.
The Benefits of Electric Submetering
The benefits of electric submetering are felt by all involved. Property managers benefit by accurately recovering more of their utility costs which is often one of the most significant costs associated to managing a property. They also benefit by having a documented record of usage that can be referred to in the event of a resident or tenant question about billing. Another benefit is the efficiency in which billing can be automated and performed.
Residents and tenants benefit greatly when their electric usage is submetered. By being billed based on their actual usage rather than a fixed monthly charge or being billed for electric based on a RUBS formula that estimates usage and is also usually a fixed monthly cost, they cannot positively affect or reduce their monthly bill by being conservative. When residents and tenants are billed for actual usage, they are much more conservative. They would much rather have a lower electric bill and more money in their pocket than leaving lights on when they are not home or excessively heating or cooling their apartment or condo. And they know that being wasteful with electricity will only result in a higher electric bill.
Submetering electric usage and billing residents and tenants for actual usage has proven time and again to significantly lower overall electric usage and encourage conservation. This is a win-win situation for both property managers and the residents and tenants.
The benefits of electric submetering are felt by all involved. Property managers benefit by accurately recovering more of their utility costs which is often one of the most significant costs associated to managing a property. They also benefit by having a documented record of usage that can be referred to in the event of a resident or tenant question about billing. Another benefit is the efficiency in which billing can be automated and performed.
Residents and tenants benefit greatly when their electric usage is submetered. By being billed based on their actual usage rather than a fixed monthly charge or being billed for electric based on a RUBS formula that estimates usage and is also usually a fixed monthly cost, they cannot positively affect or reduce their monthly bill by being conservative. When residents and tenants are billed for actual usage, they are much more conservative. They would much rather have a lower electric bill and more money in their pocket than leaving lights on when they are not home or excessively heating or cooling their apartment or condo. And they know that being wasteful with electricity will only result in a higher electric bill.
Submetering electric usage and billing residents and tenants for actual usage has proven time and again to significantly lower overall electric usage and encourage conservation. This is a win-win situation for both property managers and the residents and tenants.
Support for Communities and Properties with Existing Electric Submetering Systems
We are very experienced in helping multifamily communities and commercial properties who already have electric submetering systems in place transition to Oates Energy. We initially perform a free site survey for all new clients to inspect their existing electric submetering system. We assess the operational condition of the entire system and make recommendations on repairs and possible upgrades that might improve accuracy. We also consult with each new client about their specific needs and preferences on how they would like us to help them manage their electric submetering equipment. If any equipment needs to be replaced or if they would like to upgrade their existing system, we provide a detailed quote and completely handle all aspects of any repairs or upgrades.
Oates Energy is very experienced in transitioning communities and commercial spaces who currently have water submetering in place. We will perform a free site survey for our new clients to inspect the existing water submetering system and assess the operational condition of the entire system. We will also consult with you on the specific needs of your community with respect to water submetering needs and preferences. If any equipment needs of replaced or of you would like to upgrade your existing system, we will provide you with a detailed quote and completely handle all aspect of any repairs or upgrades.
Electric Submetering System Installation
We also help multifamily communities, condominium associations, mobile home parks and commercial properties that have never used electric submetering. Without electric submetering, these communities have traditionally relied on some form of RUBS, (Ratio Utility Billing System) that estimates electric usage based on factors such as the number of occupants, residence square footage, and other factors. The only other option is to simply bill residents and tenants a fixed monthly charge for their electric.
When we begin to work with a property manager or owner who is interested in possibly adding electric submetering, we will perform a free site survey to evaluate and propose an electric submetering solution that best fits their needs. Existing electric distribution systems and state and local laws are just a few examples of what will be considered and addressed in the electric submetering solutions we provide.
If the multifamily community or commercial property chooses to move forward and have us install a new electric submetering system, we will source all of the necessary equipment and permits, and our experienced installation technicians will coordinate with the property manager and fully install and configure the new system to begin tracking and reporting each resident or tenant’s usage. We handle the entire process.
We also help multifamily communities, condominium associations, mobile home parks and commercial properties that have never used electric submetering. Without electric submetering, these communities have traditionally relied on some form of RUBS, (Ratio Utility Billing System) that estimates electric usage based on factors such as the number of occupants, residence square footage, and other factors. The only other option is to simply bill residents and tenants a fixed monthly charge for their electric.
When we begin to work with a property manager or owner who is interested in possibly adding electric submetering, we will perform a free site survey to evaluate and propose an electric submetering solution that best fits their needs. Existing electric distribution systems and state and local laws are just a few examples of what will be considered and addressed in the electric submetering solutions we provide.
If the multifamily community or commercial property chooses to move forward and have us install a new electric submetering system, we will source all of the necessary equipment and permits, and our experienced installation technicians will coordinate with the property manager and fully install and configure the new system to begin tracking and reporting each resident or tenant’s usage. We handle the entire process.
Providing Water, Electric and Gas Utility Billing and Submetering in 46 States
Oates Energy provides water, electric and gas utility submetering and billing solutions across the United States in 46 states. Contact us to learn how our flexible submetering and billing solutions can help your properties operate more efficiently and increase your bottom line.
Select your state to learn more!
Oates Energy provides water, electric and gas utility submetering and billing solutions across the United States in 46 states. Contact us to learn how our flexible submetering and billing solutions can help your properties operate more efficiently and increase your bottom line.
Select your state to learn more!
Alabama
Arizona
Arkansas
Colorado
Connecticut
Delaware
Florida
Georgia
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
West Virginia
Wisconsin
Wyoming
Request A Quote
If you manage or own any type of multifamily or condominium community or building, mobile home park or commercial property and would like to recover more of your utility costs, we can certainly help!
(800) 717-9811
Or, use this form to request a quote and we’ll contact you in 24 to 48 hours.
Request A Quote
If you manage or own any type of multifamily or condominium community or building, mobile home park or commercial property and would like to recover more of your utility costs, we can certainly help!
(800) 717-9811
Or, use this form to request a quote and we’ll contact you in 24 to 48 hours.