Enerwise offers new technology to measure energy

Real Estate Weekly, August 14, 2002

Enerwise Global Technologies, a leader in enterprise energy management, announced it has added an enhanced version of its Utility Allocation offering to its suite of products and services. The value-added service offers tenants and landlords an accurate and defensible means for both measuring tenant and common area energy consumption and allocating costs based on the appropriate utility rate. Utility Allocation combines actual usage data with the applicable utility tariff to enhance accuracy and ensure fairness in landlord-tenant energy billing. The enhanced version is more quickly deployed than previous releases, which allows both landlords and tenants to achieve economic benefit more swiftly.

To recover the energy costs spent on their properties, landlords must collect information, calculate usage and generate invoices. Enerwise's Utility Allocation product reduces the administrative burden of this process by reading and recording meter data and later calculating and preparing a file that can be easily integrated into billing systems.

Utility Allocation benefits tenants by providing revenue-accurate metering and electronically gathering detailed energy usage information thereby eliminating the potential for billing inaccuracies associated with cost allocation estimates based on energy usage parameters such as square footage