Rental Apartments Submetering in Newmarket
For rental property owners and managers, submetering shifts electricity costs from the building to the tenant. Residents pay for what they use. The building may benefit from lower operating expenses.
Benefits of Rental Apartments Submetering in Newmarket
Shifts in-suite electricity costs to tenants based on actual usage
May improve net operating income (NOI)
Encourages tenants to conserve electricity
Transparent billing reduces disputes
Zero capital cost installation
We handle billing, collections, and customer service
Newmarket Utility Information
Newmarket is served by Newmarket-Tay Power. Voltage Vision works alongside Newmarket-Tay Power to provide submetering services for rental apartments in the York Region region.
According to a Navigant study, sub-metered buildings may see up to 40% reduction in suite electricity consumption.
Utility pass-through charges from Newmarket-Tay Power are passed through with no markup, as required by the OEB Unit Sub-Metering Code. Voltage Vision service charges are separate and clearly disclosed.
Rental Apartments Submetering FAQ for Newmarket
Can existing rental buildings be submetered?
Yes. Most rental buildings can be retrofitted with suite-level meters. We start with a free building assessment to evaluate your electrical infrastructure and recommend the best approach.
What about tenants who cannot afford it?
Ontario offers the Ontario Electricity Support Program (OESP), which provides a monthly on-bill credit for eligible low-income households. We include information about OESP and other support programs in our resident communications.
Does the Residential Tenancies Act affect submetering?
Suite metering by a licensed USMP is permitted under Ontario law. The OEB Unit Sub-Metering Code sets the consumer protection standards that apply. We recommend consulting with your legal advisor on specific tenancy provisions.
Other Building Types in Newmarket
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