North Bank Park Condominium Association Renews Submetering Services with Nationwide Energy Partners

COLUMBUS, Ohio–(BUSINESS WIRE)–Nationwide Energy Partners (NEP) announced today that the North Bank
Condominium Homeowners Association (North Bank) has renewed its contract
with NEP for submetering and residential electricity and water billing
services. The condominium association made the decision to renew with
NEP after evaluating available alternatives. Under the new contract, NEP
will begin installing new smart meter technology at North Bank in late
2017.

“Condominium associations have a choice in Ohio. They can go with either
the local utility or choose to privatize and manage their electric
distribution system with a company like NEP,” said Gary Morsches, CEO of
Nationwide Energy Partners. “There’s power in smart metering solutions;
they help multifamily residential property managers understand the
property’s electricity use better and reduce their management costs.”

Located in the heart of Columbus’ prized Arena District, the
Condominiums at North Bank Park provide luxurious urban living in two
distinct architectural styles that incorporate a historic A&P warehouse
building and a 20-story tower constructed of steel and glimmering glass.

Under the new multi-year contract between NEP and North Bank, residents’
bills will be calculated at the same rate as the direct residential
customer rate from the local utility; then a credit from the Association
will be applied so that North Bank residents’ bills will be lower than
if they were direct customers of the local utility or other service
companies.

With NEP smart metering, North Bank residents will have more information
about how they use electricity and water through a single, simplified,
easy-to-understand monthly bill. The U.S. Department of Energy estimates
that submetering can cut energy costs by up to 21 percent because
residents have better information about actual electricity use.

NEP originally partnered with North Bank in 2007 and has managed the
electric and water services and resident billing since that time.

ABOUT NATIONWIDE ENERGY PARTNERS

Nationwide Energy Partners (NEP) simplifies the management of power and
water usage for multifamily property owners and developers and provides
a gateway for true energy innovation. For residents, NEP provides data
and insights with its smart meters, allowing residents to pay for what
they use. Providing a gateway for energy innovation, NEP manages
submetered microgrids reducing energy costs and adding security for
properties.

Based in Columbus, Ohio, NEP has proudly served multifamily property
owners, managers, developers, and their residents by providing
innovative energy management solutions since 1999. To learn more about
NEP’s development, management, and energy billing services, please visit www.nationwideenergypartners.com

Contacts

Makovsky
Loretta Prencipe, 202-658-9024
[email protected]