With energy bills rising and increased pressure from the government to develop more sustainable business practices, tenants have started to pay greater attention to how much energy they are using and what they are paying for it. It is therefore important that managing agents get the appropriate metering systems in place to ensure what is being recharged is accurate and fair, and will stand up to tenant scrutiny.
So, why have many managing agents turned to automatic meter reading (AMR) technology as a potential solution?
Save time and management costs
It takes at least half a day to manually read all of the meters on a typical 45,000 sq ft building, with new builds taking double that time. AMR systems enable energy suppliers to electronically read meters remotely every half hour. They negate the need for frequent meter reading; saving the time and management costs associated with this task.
Improve billing accuracy
Around 15% of manual meter reads are incorrect. Accuracy is improved through AMR technology as you no longer rely on human intervention. Invoice accuracy will also improve as the actual day and night rates will be applied rather than an average unit rate.
Identify areas of wasted energy
An AMR system will pave the way for more in-depth monitoring and targeting (M&T) of electricity usage, highlighting any irregularities or usage issues during the day and out of hours. Identifying areas of wasted energy and implementing the required low cost or no cost actions highlighted by the process also means potential cost savings.
Build tenants trust
The availability of half hourly data for each area of demise also allows detailed energy analysis to be undertaken and energy profiles to be produced for tenants; building trust through transparency and greater awareness of carbon footprint.
Access energy data 24/7
The energy data can be accessed via an online portal with the ability to dissect the data for reporting purposes. Multiple logins with different levels of access are also available.
Support carbon reporting schemes
If you are part of any voluntary or compulsory carbon reporting schemes such as GRESB, CDP, MGHG, ESOS or SECR (soon to replace CRC), the AMR data can be used to support your submission providing peace of mind that what is being reported is accurate.
There are a variety of metering and data logging solutions available. The most appropriate solution for a building will depend upon the specifics of the site. It is also good practice after an AMR system is installed to commission annual data verification checks to ensure the system remains in working order throughout its lifecycle.
To find out what is the best AMR solution for your portfolio, get in touch:
Call: 01252 560 379