Building Efficiency

ConEd Increases Incentives for Landlords to Reduce Power Consumption

Con Ed ups its energy-saving incentives

Crain’s New York Business, March 17, 2014

Con Edison is sweetening by 60% the pot of incentives that it will offer to major landlords who cut their electrical energy consumption during peak hours in the summer, an increase that the energy utility and services company is calling unprecedented.

The added incentive will be made in a host of programs ConEd offers, including two of its biggest designed to nudge landlords to cut power consumption, the Commercial System Relief Program and the Distributed Load Relief Program.

The two programs pay landlords to prepare their buildings to shave power consumption by as much as 10% in the event that Con Ed calls on program participants to reduce demand at times such as during a heat wave, when electrical usage can skyrocket and trigger blackouts. Landlords can accomplish the savings through a host of techniques such as dimming their lights, reducing cooling or heating by a few degrees or curtailing energy usage from other buildings systems.

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