GI Energy has been featured in Real Estate Weekly for our work helping our client, One North Lexington (Gateway), receive a significant credit on their Con Edison electric bill for their high-performing cogeneration plant. Gateway was able to receive a credit worth $41,500 over the course of 2016. For more information, read the full article here.
Con Edison and New York Power Authority (NYPA) customers that generate their own power and obtain standby utility power under 100 kilovolts are eligible for the new performance credit program. The credit is designed to encourage maximum uptime for distributed generation assets throughout Con Edison service territory.
To receive the credit, customers must report generator kilowatt-hour data in 15-minute intervals to Con Edison from June 15 through September 15, with data delivered each year by October 1.
When Con Edison announced the performance credit program last spring, GI Energy engaged utiliVisor, a continuous energy monitoring and advisory firm and NY Public Service Commission (PSC)-approved Meter Data Service Provider (MDSP), to verify the generator meter and certify its data for the performance period.
If you manage a building that may be eligible for the contract demand credit for next year, contact GI Energy today for more information.