Shared electricity can provide savings of 10-20%

Shared electricity can provide savings of 10-20%

It is highly relevant for more apartment buildings to introduce shared electricity, where the association charges each apartment for its actual consumption. Only one shared subscription is needed for all the apartments in the housing cooperative or rental property, known as “Shared electricity”. This can provide each apartment with savings of 10-20%. As a supplier of infrastructure for collecting and measuring meter data in these IMD projects, we at PiiGAB are seeing a significant increase. This has increased markedly due to the current economic downturn and electricity market.

There are currently just over 5 million apartments in Sweden (cooperative and rental apartments), and the largest cost is heating. With the help of an IMD system, each apartment resident is charged for their actual energy cost. There are many reasons for installing such a system, but it is most often about financial 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 commonly included.

Finance and the environment with IMD

In addition to the fixed costs becoming minimal, the negotiating position with electricity companies is also significantly more favorable when there is high consumption on a large subscription instead of each apartment having to negotiate independently when consumption is considerably lower. It also becomes fairer, as everyone pays for their actual consumption. Households can continuously read their consumption on the meter in their home. It has been observed that residents become more aware of their own consumption, which often leads them to use less. In addition, they can clearly see their own environmental impact.

Administration and statistics with IMD

It is possible to administer 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 by a submeter in each apartment in relation to the property's main meter. If there are no water meters in each apartment, these are installed throughout the property. The consumption data from all the meters is sent to a Smart Metering Gateway such as PiiGAB 900 where all the data is collected and then sent on to the IMD system, which is connected to the billing system so that each apartment resident receives their share on the invoice.

At PiiGAB, we supply large parts of the infrastructure for IMD projects to several large and small integration companies. This includes everything from sensors for measuring temperature and humidity to electricity meters and water meters, as well as the Smart Metering Gateway PiiGAB 900S/T with associated feature licenses for all kinds of projects.

Summary

With an IMD system, you get:

• Reduced subscription costs (network fees)
• Lower electricity consumption
• Lower electricity prices
• Fair and automatic billing
• Reduced environmental impact

Contact us to learn more about how we can help with your IMD projects.