TORONTO, April 21, 2015 /CNW/ - Homestead Land Holdings Limited, one of Canada's largest and most respected landlords, has partnered with Wyse Meter Solutions Inc. for their first submetering retrofit program. The initial program is comprised of 13 high-rise buildings located in Toronto, Ottawa and across the Golden Horseshoe.
With electricity rates increasing at over 14% on an annualized basis, landlords struggle with operating costs resulting in higher rents. Once an apartment is submetered for electricity, each renter controls his or her costs instead of paying for their neighbour's bad habits in their rent.
"Submetering turns every renter into an energy manager. We see in-suite consumption drop by over 45% once residents pay for their own electricity," says Leah Werry, Director of Sales, Wyse Meter Solutions.
About Wyse Meter Solutions
Wyse Meter Solutions provides turnkey submetering and utility expense management services to property managers, building owners and developers across Canada. Wyse is unique in its ability to provide energy consumption transparency and accountability to its customers. Through an exclusive partnership with Conservice, the largest submetering company in North America, Wyse is able to offer its customers a powerful program known as Synergy, providing owners and managers with a 360 degree comprehensive view of the entire utility spend within a building or portfolio of buildings. Synergy is already in use across 1.2 million multi-residential units in North America, including 8 of the top 10 owners and managers of multi family real estate. For more information regarding Wyse, please visit www.wysemeter.com.
SOURCE Wyse Meter Solutions Inc.
Image with caption: "Wyse Meter Solutions (CNW Group/Wyse Meter Solutions Inc.)". Image available at: http://photos.newswire.ca/images/download/20150421_C5578_PHOTO_EN_14561.jpg
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