NWP’s Automated Benchmarking Program for Multifamily Properties Thrives with ENERGY STAR® Portfolio Manager

COSTA MESA, Calif.--(BUSINESS WIRE)--NWP Services Corporation (NWP), a top innovator and provider of utility cost recovery and energy management solutions to the multifamily housing industry, today announced a milestone in regards to benchmarking properties with the ENERGY STAR Portfolio Manager. NWP is the only multifamily billing services provider listed by ENERGY STAR with direct reporting to ENERGY STAR’s portfolio manager supplying 12 consecutive months of benchmarking data for more than 250 properties solidifying our commitment to ensuring our customers are in compliance with city ordinances and state and federal regulations as tracking of energy consumption and management becomes a requirement for various jurisdictions. Seattle is one of the first of a growing number of places with benchmarking requirements.

“NWP made compliance with the City of Seattle’s ordinance for benchmarking data into the ENERGY STAR Portfolio Manager much more effortless than this experience could have been”

“NWP made compliance with the City of Seattle’s ordinance for benchmarking data into the ENERGY STAR Portfolio Manager much more effortless than this experience could have been,” said Mary Nitschke, Director of Ancillary Services, Prometheus Real Estate Group. “Their ability to take the data they already pull for my properties and automatically upload it gives me confidence that the data is cleaner and more human error free than it would have been if we would have needed to input this manually every month on our own.”

Other cities and states beginning to require benchmarking and disclosure include: New York, NY, Washington, D.C., Seattle, WA, San Francisco, CA, Austin, TX and the state of Washington. Portland, OR, Massachusetts and California have new benchmarking policies under consideration.

“NWP’s UtilitySmart solution offers ongoing insight for properties and portfolios into their energy and utility costs and load management using benchmarking intelligence and analytics. It also provides the necessary reporting structure for easy integration and data uploading into the ENERGY STAR Portfolio Manager,“ stated Shveta Oak, UtilitySmart product manager for NWP. “As data is collected, it can then be analyzed to identify potential problem areas and define actionable opportunities to increase efficiencies and optimize costs and load management while ensuring that properties are in compliance with current regulations.”

Some of the benefits of benchmarking include the ability for a multihousing property to track and assess the energy performance of buildings and target any obvious areas where improvements are needed. In an economy where many still struggle financially, potential residents are looking hard at energy and utility costs when considering where they want to live. Energy efficiency and effective utility management programs give properties an edge when looking for ways to entice residents and increase long term satisfaction.

As one of the pioneers and earliest adopters of energy and utility management technology within multifamily specifically engaging as an ENERGY STAR partner, NWP continues to focus on innovative opportunities for our customers as benchmarking, carbon disclosures, greenhouse gas emissions, energy procurement and utility management needs increase to ensure owners and managers are in compliance with the newest regulatory requirements while adding value to their assets.

About NWP Services Corporation

Headquartered in Costa Mesa, California, NWP Services Corporation (NWP) is the leading innovator and solutions provider for lowering operating and utility costs for the multifamily industry through utility cost recovery, utility cost management and energy management. NWP’s UtilitySmart solution helps owners and operators optimize utility spend through automation, benchmarking analytics and extensive reporting technologies. Energy management solutions provide advanced utility intelligence designed to directly assist with conservation initiatives and lowering utility spend. Additional information is available at www.nwpsc.com.