New York has amended the Public Service Law (PSL), and submeterers soon will need to comply with four additional requirements, three of which take effect on January 1, 2024.
Electricity usage in multi-unit residential buildings (e.g., rental apartment, condominium, cooperative) can be metered in three ways: mastermetering, direct metering, and submtering. When a building chooses to submeter electricity, electricity is received through a utility-owned mastermeter, but electricity use in each unit is measured by building-owned submeters. Following the New York State Public Service Commission’s (PSC) required approval, the building owner then bills submetered electric charges to residents based on their actual consumption. Ac Circuit Breaker
We recommend our submetering clients, other multi-unit residential building owners who submeter electricity, and submetering reading and billing companies conduct a prompt review of the PSL updates summarized below to assess whether any practices or documents need to be updated to ensure submeterers are in compliance with these new amendments to the PSL.
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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