Tenants and unit owners stung in ‘cruel’ deal between developers and energy retailers
A “CRUEL” deal between property developers and utilities companies threatens to add hundreds of dollars more to new tenants and unit owner’s bills.
Industry sources 20 years ago said apartment blocks were built with individual meters for each dwelling. Developers also carried the cost of building that network.
Now, many apartment blocks have a meter for the whole building — installed by the energy provider — so they can lock in that building to one provider.