A Queensland body corporate company is helping their customers by enlisting an independent consultant to review their energy usage.
Archers Body Corporate Management has teamed up with Energy Options Australia to save residents anywhere from 10 to 40 per cent off their annual electricity bills.
With Queenslanders facing a massive 22.6 per cent rise on their electricity bills, the move has been welcomed by ABCM customers.
ABCM sustainability project manager, Grant Mifsud said that the Energy Options audit has already begun in some of its Brisbane and Gold Coast complexes.
“Our resident have been provided with priceless information which allows them to better understand the electricity industry and decide on the tariff scheme or retailer which best suit them,” he said.
Andrew McNair, principal consultant at Energy Options Australia, said the account audits they undertake are simple and usually do not require an upfront expense.
“Most schemes are not required to pay any audit fees until they begin to see their savings,” Mr McNair said.
In 2011 ABCM began working with Energy Options Australia to investigate the potential savings that bulk electricity supply could provide for its residents of The Docks in Kangaroo Point, Brisbane.
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The most price effective solution involved combining all of The Docks 148 apartments in a bulk conversion process.
According to Mr Mifsud the only upfront expense incurred by residents was that to modify the building’s meter to capture the total consumption.
Since installation in 2012 The Docks residents have been saving an average of 34 per cent off their bills annually.
ABCM have chosen to recover the cost of the conversion off residents over a three year period, consequently most have only been receiving savings of 26 per cent.
“This saving is still well above any discount available from an energy retailer for individual residents and once the project has been paid off in 2015 our residents will receive the full discount of the scheme,” said Mr Mifsud.