“KPIs should be able to be measured, benchmarked, compared, sliced and diced. And the first most important step to make use of KPIs is to have a solution to get a high-level view and therefore manage your energy data. Many multifamily utility billing and invoicing products offer some level of this service. Some even have experts who tailor a system to a company’s needs. Even our old friend Excel can produce some measurable results. A high-powered energy management system, however, is a proven ally.
With a measurement and verification (M&V) system in place, properties can define factors that are important to managing energy spends that favorably affect the bottom line.”—by Dan Gaddis