“You can have data without information, but you cannot have information without data.”
– Daniel Keys Moran
Utility Data, Cost and Performance Management
- Hosted Utility Data Management
- Energy, Water and Waste Performance Analytics
- Utilities Accounting: Budgeting, Targeting, Tracking
- Utility Invoice Control
- Performance Dashboards
- Tenant Portals and Lobby Displays
A robust utilities accounting system is the cornerstone of energy procurement, energy management, and emissions reporting. It is a key component of any action plan for reducing energy use and costs, and is an essential requirement for proper budgeting, allocation and management of utility costs.
Our secure online Energy Accounting and Reporting services are used at properties across North America. Our key clients include some of the largest property and asset management firms on the continent, in addition to major retail and manufacturing clients.
Our systems are constantly improving – we continually strive to make them more accurate, more intuitive, and more technically advanced through a commitment to ongoing research and development. In addition, we incorporate feedback on an ongoing basis from our large and diversified user base, which includes Portfolio Owners, Property Managers, Finance/Accounting teams, and Building Operations teams. Their roles and needs vary, but all rely on quality data and flexible, insightful, and intuitive functionality. The platform can also be customized to meet your organization’s needs.
Building and Portfolio Energy Analytics
- Energy Management Reviews (including Energy Audits)
- BAS Optimization and Monitoring
- Measurement & Verification
- Energy Modeling
- Performance Monitoring and Targeting
Buildings are responsible for about 40% of GHG emissions in North America. This presents a massive opportunity to reduce our emissions – in our experience the range of energy performance for similarly-sized buildings, in a given asset class, in a given region, varies by a factor of two to three times.
There are many reasons for this range. Building age, HVAC systems, tenant occupant density/type, tenant load density (e.g. data centres), retail, etc. All of these are potentially valid reasons, but they also overlook how a building is operated. The reality is that it can be a challenge to stay on top of optimized operation: equipment stops working as designed/intended, schedules are changed following miscellaneous requests, building operations staff changes over time, and other changes lead to a gradual upward creep in energy consumption.
When the users of a building are motivated and equipped with tools to assist in quantifying and reducing energy consumption, dramatic results can be achieved. The first step in achieving optimal building operation is in understanding where and how energy is used in the building. This means having control over your data.
You can also benefit from our on the ground expertise and support in delivering Energy Audits, Operational Reviews and Retro-Commissioning, Energy Modelling, Measurement and Verification, and support in landing energy efficiency incentives.
Sustainability Data Management
- GHG Emissions Reporting and Verification
- GRESB and GRI Data Tracking
- 2-Way Sync with ENERGY STAR Portfolio Manager
- Certification Tracking
Over the past decade, sustainability has become increasingly important for all stakeholders, including shareholders, employees, and customers. While regulatory requirements and voluntary 3rd party sustainability benchmarks such as GRESB will continue to evolve, the larger issue is how the world now judges and values a company. Sustainability is integral to corporate identity, whether or not a conscious decision is made in that regard, and it is linked closely with trust.
Corporate Responsibility and Sustainability Reporting is one vehicle for building this trust. Emissions reporting is a subset of this reporting process, and it is important that it be accurate, complete, and properly representative of reality. It should also follow a consistent process from year to year so that progress can be demonstrated and evaluated.
It is critical that stakeholders come to trust management reports on sustainability. Integrity, accountability, and transparency are the building blocks of this trust. Emissions reporting relies on the quality and completeness of the underlying data. Preparation by a reputable independent firm using using a robust, audit-ready data management system can provide assurance to stakeholders that the final reports properly reflect actual performance.
EPL is an ENERGY STAR Partner, an approved ENERGY STAR Automated Benchmarking Service (ABS) provider, and a GRESB Data Associate Member. We link with these 3rd party systems to streamline your management and reporting processes.
Submeter Cost Allocation and Data Analytics
- Utility Cost Allocation
- Tenant Submeter Cost Allocation and Energy Accounting Support
- Submeter Data Analytics
- Design and Implementation of Submetering Systems
Utility cost allocation, between tenants or within facilities, can be a complex and sensitive issue. Whether a simple square-footage allocation, or detailed submetering of end uses, the Property Manager must ensure the cost allocation is reasonable, technically valid, and defensible.
Energy Profiles Limited (EPL) has vast experience in establishing cost allocation methods and resolving related issues. Our status as a third-party, independent consultant provides the necessary credibility to satisfy both you and your tenants.
We are not aligned with metering system vendors. Instead we help Property Managers select and implement equipment suitable for their individual sites and work to establish practical procedures to meet specific requirements for cost allocation.
EPL also prepares tenant billing statements for Property Managers to further reinforce the impartiality of the tenant charges.
- Prudent and Transparent Energy Purchasing Strategies
- Strategic Guidance regarding Energy Management
- Capturing Utility Incentives
- Sustainability and Performance Strategies
EPL has advised clients on energy contracts representing more than $200M. However, we do not simply help you ‘get into a power contract’ – during the same period, EPL has also counselled clients not to enter into power contracts for portfolios representing more than $250M in annual costs. We are not affiliated with any energy suppliers; we operate independently to assist our clients in making prudent hedging decisions.
The decision to hedge is an important one, requiring rational and objective analysis in addition to a detailed understanding of the energy markets that impact your portfolio. The first step is to confirm the purchasing strategy. We assist in the decision-making process by preparing detailed projections of net costs using hourly data for different market price scenarios.
Energy Profiles Limited can obtain prices from multiple suppliers and compare pricing and contract terms. A variety of hedging strategies are possible, from fully locked, to purchasing on index prices, and combinations in between. Following your selection of a supplier, we oversee contract execution and provide ‘down to the penny’ bill verification and allocation services as part of ongoing energy accounting services.