Rising electricity prices: conserve through metering

Electricity prices continue to rise and electrical submetering can help

North America is witnessing a surge in electricity prices like never before, prompting consumers and businesses alike to seek solutions to reduce their energy costs.

One solution gaining popularity is electrical submetering. Submetering refers to the installation of meters within a building to measure the energy consumption of individual tenants, departments or equipment. This approach to monitoring energy usage has proven to be a valuable tool in the fight against rising electricity prices.

Electricity prices have been steadily increasing due to various factors such as growing demand, infrastructure costs and the transition to cleaner energy sources. This trend has had a significant impact on both residential and commercial consumers. Businesses, in particular, face the challenge of optimizing their energy usage to control costs without compromising operational efficiency.

The Role of Electrical Submetering

Submetering addresses this challenge by providing detailed insights into how and where energy is being consumed within a property. Rather than receiving a lump-sum bill for overall energy usage, submetering allows you to identify specific areas of high consumption and implement strategies to reduce energy waste.

Cost Allocation

Submetering enables accurate cost allocation among tenants or departments within a building. This ensures that each entity pays for the electricity it consumes, fostering a fair and transparent system. This not only promotes responsible energy usage but also encourages individuals and departments to adopt energy-efficient practices.

By pinpointing areas of excessive energy consumption, submetering allows businesses to identify equipment or processes that are energy intensive. Armed with this knowledge, organizations can make informed decisions about upgrading equipment and optimizing processes.

Real-time Utility Monitoring

QMC’s platform MeterConnex allows our customers to view real-time data on energy consumption. This allows building owners to react promptly to fluctuations in usage, such as unexpected spikes and take immediate corrective actions. This level of responsiveness is invaluable in controlling costs and preventing unnecessary overages.

Behavioral Changes

Submetering not only monitors machines and equipment but also influences human behavior. When individuals are aware of their energy consumption and its associated costs, they are more likely to adopt energy-conscious habits. This shift in behavior contributes to a culture of energy efficiency.

How QMC Can Help

As electricity prices continue to rise, the importance of submetering is becoming increasingly evident. Energy monitoring empowers consumers with the knowledge needed to make informed decisions about their electricity usage. From cost allocation to identifying energy hogs and promoting behavioral changes, submetering plays a crucial role in the ongoing battle against escalating electricity prices. QMC provides top of the line metering hardware and an easy to use utility data management platform that makes it easy for you to start reducing your energy usage. Contact us today to learn more.

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