Utility Allocation
Invoicing tenants for utility expenses is a nightmare. To recoup utility expenses, property owners must collect information, calculate usage, and generate bills. Utility Allocation will turn this nightmare into a profit center. Utility Allocation maximizes revenue by more effectively measuring, allocating, and recovering utility expenditures.
Create Revenue
Most utility commissions allow
landlords to recoup utility costs at
rates tenants would pay if served
directly by the utility. As a result,
landlords benefit by:
- Purchasing energy at bulk rates while charging tenants retail rates.
- Capitalizing on naturally variable tenant loads by purchasing energy at a lower coincident load.
- Capture and allocate common area maintenance costs.
Retain Tenants
Utility Allocation promotes
tenant retention with accurate
and defensible billing.
- Tailored metering eliminates subsidization of other tenants.
- Fair treatment increases tenant confidence.
Reduce Administration
Utility Allocation reduces or eliminates
the burden to read and record energy
consumption and later calculate,
prepare, and deliver monthly tenant
invoices. Landlords focus on what they
do best - effectively running properties.
- Meter data is automatically collected and securely stored.
- Enerwise provides an electronic accounts receivable file (ARF) that can be mapped directly into the property owner's billing system.
- As an option, Enerwise will directly mail invoices to tenants with remittance to property owner.
Dependable Results
Together, advanced metering
and Utility Allocation provide the
following benefits:
- Revenue-class metering accurately captures detailed energy consumption.
- Data is gathered electronically, eliminating the potential for inaccurate meter readings and clerical errors.
Standard Features
- Tenant Meter Reading, Electronic capture and storage of tenant meter data
- Invoice Generation Calculation of individual tenant invoices on a monthly basis according to the allocation method identified by the property owner
- Accounts Receivable File Submittal of an electronic ARF - providing tenant name, invoice period, and utility charge details to the property owner on a monthly basis
Optional Features
- Invoice Mail Service Submittal of utility invoice by Enerwise via U.S. mail to each tenant, with remittance due directly to the property owner
- Consolidated Customer Invoice Consolidation of multiple tenants onto a single utility invoice