As you know, the European Commission has introduced the Energy Efficiency Directive (EED) which is one of the many tools to be able to reach the 2030 climate target.
The EED contains several provisions that affect residential buildings, aiming at increasing their energy efficiency and reducing their carbon footprint. This means that many measures are demanded from property owners.
At Hococo, with our network of partners, we can help you bring your property up to the required standard. You can find more information on this at the end of the article, but first, let's talk more about the impact of the EED on residential properties.
The EED provisions include for instance energy audits for larger buildings to be performed at least every 4 years and Minimum Energy Performance Standards (MEPS) for buildings.
On top of this, the property owners must be able to provide an Energy Performance Certificate (EPC) to prospective buyers or renters with information about the building’s energy performance and costs related to its heating, ventilation, and hot water – and it must be based on the actual energy consumption of the building.
In connection with the above, there are two important requirements that property owners face:
From 1 January 2022:
Meters with remote reading must be read monthly and users must receive consumption information at the same interval. This can be done e.g. via an app or portal for PC, with online data. So this is where your property should be already.
On 1 January 2027:
All meters must be remotely readable. Meters that cannot be read remotely must therefore be replaced by 31 December 2026, unless it can be demonstrated that this would not be economically viable.
The deadline is still 4 years away, but time goes fast, and significant investments should be planned well in advance.
Even though the requirements are already in place, discussions with real estate professionals show the reality: many residential properties have not yet updated their processes to meet the requirements.
Common reasons for not having made the improvements yet, include:
However, it is crucial for properties to comply with the Energy Efficiency Directive and install meters to monitor energy consumption for many reasons.
Are you also struggling with the requirements of the Energy Efficiency Directive and how to make it happen for your property? We can help you!
We collaborate with companies that provide the hardware needed for consumption monitoring, and companies that collect the data – and we have the software that provides an interface between property management, property owners and residents and visualises the collected data for all the parties, in real-time.