The larger your building or complex, the greater your common area energy consumption (electricity and gas) is likely to be and the more it will be costing your owners corporation to run.
Source: EnergyAustralia, NSW Department of Planning -
Multi Unit Residential Buildings Energy & Peak Demand Study, 2005
With utility costs set to rise continuously, the financial benefits of smart usage and reduction will make owners’ agreement to sustainable changes easier to obtain. Many projects can be shown to pay back initial costs over a few years, giving long term savings beyond. You’ll be able to reduce annual recurring expenses in your administrative fund, protect yourself against rising costs, and potentially allocate more of your levies to your sinking fund to help pay for more expensive sustainability initiatives.
Jumping straight into solar or wind energy production is not the answer. Such a move will generally involve substantial capital cost, and there is really no point in paying for infrastructure to generate energy you don’t really need!
The cheapest form of energy is the energy you don't use
The following steps will help you reduce your common property energy consumption and costs.