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I just wanted to say how pleased our Co-op is that we switched from frontage billing to metered-billing for NYC water/sewer charges. In July, our 111 unit co-op paid $91,615 for the usual annual charge (up from $81,147 the prior year). This bill was based on frontage billing – a strange calculation based on how big the footprint of our building is on the street, how many floors and how many fixtures your complex has.
Then, we were able to switch to metered- billing (billing based on usage). Wow – we are currently saving 36.2%. And we haven’t even communicated this to shareholders yet to push for conservation.
If you are still using frontage billing, you may wish to check out switching to metered billing. We used a facilitator service (consultant) but to be honest, I can’t remember their name.
My building (115 apartments) did it in 2008. Our bill then was between $50,000 and $60,000. Under metered billing, it's now about $30,000. We have a company monitor our usage, and it says our frontage bill would have been lots more than $50,000 by now.
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Steve,
Im impressed, good for you to make the swtich. We have also switched to metered billing and acheived substantial savings.
Your a large complex, we are a small building 57 aparts & 8stories -- our annual water bill is just under 50K... I think something is incorrect and have requested a DEP audit, hope it comes soon...
Has anyone decided to bill shareholders directly for water usuage?
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