George Guse – Arc Renewables
Arc Renewables can advise Strata Companies, Building Owners and residents on embedded networks.
The key advantage to the building owners in an electrical embedded network is the potential to earn a surplus between the wholesale supply cost of electricity to the building and the retail sale price to occupiers. When a surplus is earned, this can be applied to cover the cost of Common Area electricity, maintenance, levy reduction or for any other building related purpose. This immediately brings down the cost to the owners of running the building.
Because embedded networks create a buying group that buys energy at wholesale rates, the group can also pass those savings on, offering attractive rates to tenants and residents. Saving on electricity, gas, and hot water is important to most people, but just as big a benefit for many people is not having to worry about connections when moving in or out of a building. What’s more, residents will have access to smart metering systems to better manage, control and reduce their energy usage.