Shared electricity can provide a saving of 10-20%
It is very relevant that apartment buildings introduce shared electricity where the association charges each apartment for its actual consumption. A single shared subscription is enough for all apartments in the housing cooperative or rental building, so-called "Shared electricity". This can provide each apartment with a saving of 10-20%. As a supplier of infrastructure for the collection and measurement of meter data in these IMD projects, we at PiiGAB notice a significant increase. This has increased markedly with the current recession and electricity market.
In Sweden, there are currently just over 5 million apartments (condominiums and rental apartments), and the largest cost is heating. With the help of an IMD system, each apartment owner is charged for the actual energy cost. There are many reasons to install such a system, but it is usually about economic savings, fair cost distribution, and reduced environmental impact. It is not only electricity that is measured and charged based on actual consumption; water consumption is also common.
Economy and environment with IMD
Besides minimizing fixed costs, it is also clear that the negotiation position with electricity companies is significantly better when there is a large consumption on a large subscription instead of each apartment negotiating individually since the consumption is much smaller. It also becomes fairer as you pay for the actual consumption. Households can continuously read their consumption on the meter in their home. It has been noticed that residents become more aware of their own consumption, which often leads to more savings. Additionally, they clearly see their own environmental impact.
Administration and statistics with IMD
You can manage billing data and transfer it directly into the property owner's or housing cooperative's invoicing system, which reduces administration.
How does it work?
Integrators offer apartment buildings an IMD system. Consumption is measured in each apartment's submeter connected to the property's main meter. If there are no water meters in each apartment, this is supplemented in the property. All meter consumption is sent to a Smart Metering Gateway such as PiiGAB 900 where all data is collected and then forwarded to the IMD system connected to the billing system so each apartment owner receives their share on the invoice.
We at PiiGAB supply large parts of the infrastructure for IMD projects to several both large and small integrator companies. Everything from sensors for measuring temperature, humidity but also electricity meters and water meters as well as Smart Metering Gateway PiiGAB 900S/T with associated software for all conceivable projects.
Summary
With an IMD system you get:
- Reduced subscription costs (network fees)
- Lower electricity consumption
- Negotiated electricity price
- Fair and automatic billing
- Reduced environmental impact
Contact us if you want to know more about how we can help your IMD projects.