A Substantial Money-Saver for Bodies Corporate
BY: TED YOUNGBERG, GENERAL MANAGER SILVER ASSET SERVICES
Purchasing Utilities in Bulk
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"The Queensland Competition Authority has just announced a draft decision that would see (electricity) prices rise by 13.83 per cent between 2009-10 and 2010-11.
The decision would add an additional $276 to the average annual household bill of $2000.
It is the fourth successive jump in electricity costs since the State Government claimed deregulation of the industry would put downward pressure on prices". (Courier Mail 18 Dec 2009).
This may present a serious financial problem for Bodies Corporate attempting to budget for these steep increases, particularly when it is realised that the Common Areas in a complex consume as much as 50 per cent of the total power used in that complex.
One way in which a Body Corporate can make substantial savings in their electricity costs is by utilising the power of bulk purchasing.
Bulk purchasing is the process by which a Body Corporate sets up the metering in their building in such a way that it allows them to consolidate the total electricity usage in their building. By doing this, the Body Corporate is able to become the on-seller of the power within the Body Corporate complex and take advantage of the savings this process creates.
This should allow a Body Corporate to either reduce its levies, or at least hold them down in the face of rising electricity costs. This is, of course, an important consideration for owners - whether they are occupiers or investors.
Whether you are a developer of a new community, or are living in an existing community, Silver Asset Services can take care of all the design and approval requirements associated with the establishment of a bulk metering point for your electricity.
To help your Body Corporate to tap into savings via bulk purchasing, Silver Asset Services can provide information either directly to Body Corporate Committees by attending a meeting, or by sending fact sheets.
If you feel that you and your community would have an interest in saving money, the first step is to contact Silver Asset Services by email
enquiries@silverasset.com.au or phoning 07 3010 5560.
We look forward to helping you every step of the way.
