Tenant Metering for Retail Businesses

Tenant Metering for Retail Businesses

In a commercial retail setting, billing tenants for actual, measured usage on a regular basis and taking the uncertainty out of the equation makes sense for all parties. It improves cash flow, avoids end-of-year reconciliations and, in general, places responsibility for consumption where it belongs.

Submeters are a cost-effective approach to tenant billing and energy management in a mall environment where space is routinely reconfigured to accommodate tenant turnover and planned improvements. This cost-effective solution minimizes rewiring and disruption of retail operations during typical ongoing tenants’ improvements.

VerifEye™ Submetering for Retail Solutions

VerifEye Submetering Solutions feature a range of devices that incorporate standard protocols, wireless options and split core current transformer (CT) technologies, making retrofits relatively easy and inexpensive. VerifEye submeters facilitate accurate tenant billing of electric, water, gas and other utility usage—and chargebacks for common area utilities. VerifEye is more than just a tenant billing solution. VerifEye meters are designed to provide granular data on usage within specific areas or by individual loads that can be used to lower long-term energy usage.

The VerifEye Advantage

  • Redirect responsibility for utility usage from property owners to tenants for improved cash flow
  • The VerifEye ModHopper Wireless Transceiver provides a self-optimizing wireless mesh network between multiple meters for a full submetering solution without all the cost of cabling
  • Eliminate the need for costly wiring throughout a large facility with a wireless metering solution
  • Open architecture data collection offers freedom to utilize any third-party billing company or VerifEye BMO 3.0 Tenant Billing Module web-based software

In the next part of our series, we’ll explore the benefits of submetering in educational and professional campuses.

For more information on VerifEye Submetering Solutions, visit www.leviton.com/verifeye or view our ezLearn course on “Submetering Applications: How to Put It All Together with VerifEye”.

Read the other blogs in this series:

How to Select the Right VerifEye Meter

How to Select the Right VerifEye Communication

Submetering for Energy Efficiency in Multiple Dwelling Units (MDUs)

Creating Transparency and Accountability in Commercial Offices