Individual Metering & Debiting of Electricity (IMD El)
What is IMD El?
IMD (Individual Metering and Debiting) is a solution that Nordic Propeye currently only deploys in Sweden, which allows residential housing associations to measure each apartment’s electricity use individually while purchasing electricity collectively. This eliminates individual fixed fees for residents and enables lower electricity costs through bulk purchasing.
How does IMD El work?
- All individual electricity contracts in the residential housing association are terminated.
- Instead, the association purchases electricity for all members.
- Nordic Propeye installs smart electricity meters in every apartment and periodically sends a consumption specification to the association.
- Each tenant is invoiced by the association for their consumption through their monthly invoice.
Benefits of IMD El
- Elimination of fixed fees equaling hundreds of euros per apartment per year.
- Lower electricity price per kWh through collective procurement.
- Enables other smart, sustainable solutions like solar panels, batteries and integrated charging stations.
- Increases property values.
Want to learn more?
IMD El is currently only deployed in Sweden. Click here to read more on our Swedish website.