Residential electric submetering is essential for several reasons:

1. Fair Cost Allocation: Submetering allows for precise billing based on individual usage, ensuring fairness and transparency among tenants.

2. Energy Conservation: It encourages residents to be more mindful of their energy consumption, leading to reduced wastage and lower overall energy usage.

3. Budget Management: Helps property managers and residents accurately forecast and manage utility expenses, reducing financial surprises.

4. Environmental Impact: Promotes sustainability by encouraging energy-efficient practices and reducing carbon footprints.

5. Legal Compliance: Ensures compliance with regulatory requirements for utility billing and reporting, avoiding potential legal issues and penalties.