An embedded network is formed when a parent or gate meter is placed between meters of multiple customers and the poles and wires that form part of the national grid.
This simple act transforms all the electrical distribution system on the customer’s side of the parent meter into an embedded network and the customers’ meters into child or tenant meters.
- Over 20 companies in Australia implement and operate embedded electrical networks.
- Over 300 residential strata buildings have implemented embedded electrical networks.
- Over 200,000 meters in Australia are operating within embedded networks.
The rational behind implementing an embedded electrical network:
- Residents bulk buy electricity together and get better rates for their private electricity bills – up to 30% discount from standing tariffs
- Residents only get 1 electricity bill each quarter (possibly across energy from the grid & local solar system)
- Future proofing the strata scheme for solar
- Future proofing the strata scheme for batteries
- Future proofing the strata scheme for electric vehicle charging based on user pays billing
An electrical embedded network is when you – the building owner, operator or occupier – purchase electricity at a cheaper rate for the whole building and sell this electricity to all your tenants at a reduced rate. Both you and your tenants win with cheaper electricity using group buying power. Source: Brandable Billing (https://www.brandablebilling.com.au/howitworks/)