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Submetering
Electric
Electric submetering is based on the concept of measuring the electricity used in the individual apartment. The electric meters are installed near the circuit breaker panels in the apartments or another distribution point within the building and are read by either a remote wireless or PLC (power line communication) system.
SSI simply reads the consumption monthly or as necessary and generates an electric bill to the residents based on actual kilowatt hours used and the rates charged to the community by the utility company. Residents then make payments on-line or send a check or money order with the remittance portion of their monthly invoice. Landlords are then reimbursed for their portion of what was collected by SSI.