Submetering Canada - Key Policies, Drivers, Challenges and Emerging Trends
Submetering can improve the performance of both new and existing buildings by providing a refined assessment of energy usage. It offers numerous benefits such as the reduction of peak demand, the facilitation of monitoring-based commissioning, and the alignment of incentives. It also facilitates energy-conservation behavior, and the evaluation and design of efficiency retrofits. Canada employs key policies such as the Energy Consumer Protection Act (ECPA) which came into effect on January 1, 2011, and the National Energy Code of Canada for Buildings (NECB), published in November 2011, to enhance energy-efficiency in buildings and provide legislative certainty to the submetering market. Some of the key market drivers are increasing electricity costs, high demand for energy-efficiency in residential, commercial and industrial buildings; and emphasis on precise cost allocation for individual units. However, the high implementation cost and an inadequate number of business cases showing Return On Investment (ROI) are market restraints. The key market players include Honeywell International, Schneider Electric, Eaton Corporation, and Mitsubishi Electric Corporation.
Key benefits of submetering.
Major policies driving the growth of submetering industry in Canada.
Key drivers and restraints involved with the submetering market.
Emerging Trends in Canada’s Electricity Submetering Market.
Reasons to buy
Gain insight into the advantages that submeters provide to utilities and consumers.
Comprehend the drivers and restraints involved with submetering industry.
Identify the key policies driving the Canadian submetering market.
Gain insight into the key players involved in Canadian submetering market.