Utility Submetering: 5 Benefits for Commercial Real Estate

Utility Submetering: 5 Benefits for Commercial Real Estate

Effective management of energy resources is paramount in today’s economy. Submetering emerges as a valuable technique for enhancing sustainability and reducing expenses, offering a cost-effective means to optimize energy consumption within targeted areas. Submetering enables detailed tracking of energy usage, providing granular insights into consumption patterns.

Since energy costs are becoming a major factor in the size of the economy as a whole, energy resource management is becoming more and more crucial. Making better use of the energy resources available while adding as little additional cost as possible and enhancing sustainability is known as energy management.

Submetering makes sense in this scenario since it allows for the correct assessment of energy usage by tracking the energy consumption of individual tenants, departments, certain equipment, or other loads. For example, submetering shows the electricity consumption of a specific room, while a main meter shows the overall electricity consumption of a building.

Let’s now explore the five benefits of submetering implementation.

1. Enhanced Energy Efficiency

Submetering allows users to keep a careful eye on particular pieces of equipment, which makes it possible to allocate energy expenses to different departments and processes. Building managers can take corrective action by using this data to determine who uses the most energy and where it is most frequently used.

2. Equitable Billing for Multiple Tenants

Submeters make accurate tenant billing possible. This removes the need for arbitrary cost allocation and conjecture about the effects of power usage.

Submetering systems allow for instantaneous data processing by offering precise, real-time measurements of power usage. Because of their ability to precisely bill tenants for their monthly usage and provide real-time consumption information, management is able to draw in renters looking for affordable housing options.

GLP serves as an illustration of how such a solution encourages decreased media consumption, a smaller carbon footprint, more biodiversity, and improved worker wellness.

3. Quickly diagnose problems

Even if tenant usage stays constant, having submeters installed allows you to quickly identify and comprehend the causes of variations in consumption rates over the course of days, weeks, or months.

By taking a proactive stance, you can identify problems early on and fix them, which lowers building operations costs significantly.

The Rhino Energy Management Solution

Rhino is an energy management solution that helps reduce utility consumption and supports sustainability initiatives. The platform presents real-time analytics for the energy, water, and gas consumption of a single room, facility, or multiple facilities in a cloud-based dashboard.

4. Improved Data Analytics

The obvious benefit of submetering is that it provides real-time energy data, which makes it possible to pinpoint the exact location and reason for excessive energy use. This is the first step towards reducing consumption.

Understanding how the building operates and knowing how much and when different building systems use a given medium are crucial for submetering, particularly in the case of shopping centers, office buildings, and warehouse halls. It offers the input required to maximize the efficiency of the HVAC and BMS systems. However, it is also very important when deciding which ESG investments to make. If your building system has submetering, you may view the cost of that usage in addition to knowing just how much it consumes. You can determine if it will be profitable, for instance, to switch out some equipment because this consumption is substantial.

Conversely, submetering in the manufacturing area allows individual production lines or machines to monitor media consumption during the whole production process. It gives you the foundation for production optimization by leveling the so-called consumption profile and makes it possible to calculate the utility costs associated with producing different components or goods.

One-click reporting, a universal solution that lets reading data be sent to any billing platform, is available to clients in Rhino. This makes it perfect for professionals who wish to expedite their work. Additionally, external systems may be able to access the aggregated data through an API.

5. Sustainability

While submetering has several benefits, its main focus is on property management strategy optimization. But there’s also an advantage for the environment that is frequently disregarded. Making data-driven energy decisions is crucial to effectively promoting environmental sustainability and reducing pollution.

Submeters are crucial parts of renewable energy projects like solar energy production. Surplus electricity is fed back into the grid through a solar array that is connected to it. The amount that the utility should pay the property for can be calculated with the use of a two-way submeter, which can measure the energy going both to and from the solar installation.

Understanding how much energy you use is the first step in promoting sustainability. Sub-metering comes in handy when you are able to identify the areas that are using the most energy and investigate the causes of it.

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