What is submetering How does it help manage costs?
Submetering reduces utility expenses by shifting the financial burden of consumption from the community to the homeowner, which provides a strong incentive to reduce usage. It has been proven to substantially reduce property utility consumption by fifteen to thirty percent or more.
What is a submetering system?
Utility sub-metering is a system that allows a landlord, property management firm, condominium association, homeowners association, or other multi-tenant property to bill tenants for individual measured utility usage. The approach makes use of individual water meters, gas meters, or electricity meters.
How much is a sub meter?
Submeter are costly and cost about $400-$500 for every unit. Taking monthly reading also includes some charges. Lack of space for installing meters. Not many building owners are ready to make such an investment, and similarly, not all residents may agree to pay for installing sub-meters in their homes.
Does submetering save money?
FEMP found that the use of submetering as part of a coherent, continuous commissioning program of benchmarking, analysis, and remediation can result in 15% to 45% savings.
Can landlord charge me for electricity?
There’s no limit on how much rent in advance a landlord can ask for but it’s illegal to disguise extra fees by calling it rent in advance. Your landlord can still charge you gas, electricity and water if they provide these. They cannot charge you more than they pay the supplier.
How can I get Meralco sub meter?
You may apply for a new electric service for residential use through the following Meralco channels:
- Online www.meralco.com.ph/apply-now.
- Call Center Hotline 16211.
- Business Centers (Click here for a list of the offices.)
How do you calculate cost per kWh?
- Convert Watts to kW. To calculate your running costs, you’ll need to convert the wattage of the appliance to kilowatts; this can be done simply by dividing your wattage by 1000.
- Multiply by hours in use.
- Multiply by pence per kWh.
- Multiply the number of days.
- Create a more realistic figure.
What is sub billing?
Sub-billing is the process that allows a landlord, property management firm, condominium association, homeowner association or other multi-tenant property to spread out an invoice over energy users (assign portions of invoice to users), for measured usages or services.