Gain Valuable Insights Through Submetering
As companies seek to gain insights into utility usage, many install submeters. Submetering provides the capability to monitor individual pieces of equipment, providing visibility on overall usage. Equipped with this data, building managers have a better understanding of usage, demand and where it’s being used, so informed corrective actions may take place.
Why is Submetering Important?
- Accurate energy monitoring, real-time energy consumption
- Granular in-depth review of facility energy data
- Better informed to make decisions that can help optimize energy performance
- Access to actual energy usage –no estimates
- Comparison of usage across similar facilities over time
- Ability to identify and eliminate wasted energy
- Insight to preventive maintenance and repair before critical equipment fails
Common Submetering Applications
Peak Demand Management
One of the easiest ways to lose control of electricity costs is by what utilities refer to as peak demand charges. That means a utility provider will charge a greater cost per kWh when demand is greater to discourage consumers from maximum consumption, which can heavily tax utility infrastructure during these peak times. This encourages consumers to shift their usage to off-peak hours and reduces the chance that the grid reaches dangerous capacity levels. Submeters with minute-by-minute or hourly reporting allow companies to manage peak demand and mitigate additional costs.
In non-submetered commercial and residential buildings, tenants are typically billed on square footage of rented space. In this scenario, the landlord receives an electrical bill for the entire facility and, in turn, bills each tenant based on the amount of space they rent. The problem is that tenants are not billed based on consumption behavior, but rather they are billed based on the total consumption of the all tenants. Submetering each tenant allows the landlord or property owner to charge tenants by their actual usage rather than splitting the cost across tenants by square footage.
With rising energy costs and a greater emphasis on energy efficiency, all types of facilities are looking to better understand their consumption and what drives increased electrical bills. Submetering gives the user the ability to monitor individual pieces and identify inefficiencies in machinery or processes. By identifying issues, companies can invest in improvements or create policies to help mitigate high costs.
Carbon Footprint Reduction
By installing submeters, companies can have a better idea of its sustainability goals and the progress its making. Companies can use the submeter data to tout successes and show overall improvements to its sustainability.