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In non-submetered commercial and residential buildings, tenants are typically billed on square footage of rented space. In this scenario, the landlord receives an electrical bill for the entire facility and, in turn, bills each tenant based on the amount of space they rent. The problem is that tenants are not billed based on consumption behavior, but rather they are billed based on the total consumption of the all tenants. Submetering each tenant allows the landlord or property owner to charge tenants by their actual usage rather than splitting the cost across tenants by square footage.
With rising energy costs and a greater emphasis on energy efficiency, all types of facilities are looking to better understand their consumption and what drives increased electrical bills. Submetering gives the user the ability to monitor individual pieces and identify inefficiencies in machinery or processes. By identifying issues, companies can invest in improvements or create policies to help mitigate high costs.
One of the easiest ways to lose control of electricity costs is by what utilities refer to as peak demand charges. That means a utility provider will charge a greater cost per kWh when demand is greater to discourage consumers from maximum consumption, which can heavily tax utility infrastructure during these peak times. This encourages consumers to shift their usage to off-peak hours and reduces the chance that the grid reaches dangerous capacity levels. Submeters with minute-by-minute or hourly reporting allow companies to manage peak demand and mitigate additional costs.
The HotDrop never needs a battery. It is inductively charged and harvests power from the circuits it monitors.
By installing efficient submetering solutions, companies can gain better insights towards their sustainability goals and what goals have been achieved. Companies can use the submeter data to tout successes and show overall improvements to its sustainability.
Natalie Marchant - Writer, Editor, World Economic Forum
The HOTDROP is an easy-to-scale, simple-to-install, no battery required, energy metering solution that provides minute-by-minute data to improve energy consumption data without the complexities and high price tag of traditional metering devices.
BUILDING MANAGEMENT – Get better insight into the energy consumption of your building or group of buildings easily. The HOTDROP provide data to help you manage critical assets, mitigate unnecessary energy loss, and improve overall efficiencies.
TENANT MANAGEMENT – Understand how each tenant is consuming energy and improve billing efforts with accurate data. Use the HOTDROP
to scale sub-metering efforts and gain granular insight into your tenants.
SUSTAINABILITY EFFORTS – It’s easier to improve your company’s sustainability efforts when you can easily see trends and forecast usage. Minute-by-minute data will help you find wins and losses in reducing your organization’s carbon footprint.
Introducing the Sigflow HOTDROP, the most accurate IoT Energy Sub-Metering Solution in the market.
The Sigflow HotDrop 2.0 provides data at 3,300 samples per second. This data is used to improve energy consumption thanks to its easy-to-scale, simple-to-install, sub-meter capabilities. All of this without the complexities and high costs associated with traditional metering devices.
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