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CON EDISON SOLUTIONS ADVISES NEW YORK CITY BUILDING OWNERS:‘ACT IN THE WINTER TO EARN COLD CASH IN THE SUMMER’

February 10, 2015

--Owners Must Plan Now To Reap Summertime ‘Peak Load’ Energy Incentives--
 

Winter SummerAs New York settles into the depths of winter, a major energy services provider advises New York City developers, building owners and institutions to act now to be in a position to be eligible for significant energy-related financial incentives this summer.

 
ConEdison Solutions (CES), one of the country’s largest energy services companies, reminds owners that they can earn substantial “peak demand” or peak load financial incentives this summer by curtailing energy use on the year’s hottest days, when energy demand reaches its peak.

But owners cannot afford to wait until the summer to properly prepare their energy management systems, CES cautions.  They must take action in the winter to be able to earn maximum financial incentives in summertime.

Designed to ensure system reliability, incentives for demand response (DR) curtailments are provided by the New York Independent System Operator (NYISO) and Con Edison, the regulated utility that serves New York City and Westchester.  The incentive program targets major users in the five boroughs of New York City.

Incentives are substantial.  Under recently enhanced Con Edison and NYISO DR incentives, ConEdison Solutions says that if it were to equip a 1.4-million-square-foot office building to earn the maximum in DR incentive payments, its owner could be paid approximately $300,000 for agreeing to reduce load during peak alerts.   

“Thoughts of air conditioners and high summer energy demands seem far off today, but owners need to plan now for summer peak-demand season,” said Michael Perna, Vice President of ConEdison Solutions.  “They must put the proper infrastructure in place that will enable seamless reductions in usage when a grid event takes place in the summer.”   

Upon identification of the operational modifications needed to achieve the maximum appropriate load reductions, energy providers synchronize these modifications with building management systems to allow for a quick “peak demand” response with minimal involvement by on-site staff.

As part of an initial evaluation, ConEdison Solutions incorporates the financial benefits of demand response capabilities in modifying a client’s load shape into a proposed energy supply portfolio.  In addition, by completing an engineering evaluation of a client’s facility, ConEdison Solutions will look to identify energy efficiency opportunities for the client as well.

ConEdison Solutions, through the use of proprietary software and the latest in energy-saving technology, can equip large-scale energy consumers with a sophisticated energy monitoring and control capability called “VPower,” which gives users the ability to control power grid responses.  Through a state-of-the-art dashboard, the VPower software also provides customers with a view into system performance and compliance during a grid event.  Customers thereby ensure they are maximizing the value of their participation and fulfilling their committed load reduction.

Building owners, property managers and institutions who would like to schedule an evaluation from ConEdison Solutions should call (888) 210-8899 or visit the ConEdison Solutions website at www.conedsolutions.com.

About ConEdison Solutions

ConEdison Solutions is a leading energy services company that provides competitive electricity and natural gas supply, renewable energy, sustainability services, cost-effective energy efficiency solutions, and energy performance contracting.  The company serves commercial, industrial, residential and government customers, including universities, public school districts, and hospitals nationwide.  Offering innovative products, financial stability, and a commitment to customer service, the company is based in Valhalla, New York, with offices in Burlington, Massachusetts; Cherry Hill, New Jersey; Falls Church, Virginia; Houston, Texas; Tampa, Florida; Overland Park, Kansas, Nashville, Tennessee; and Bloomington, Minnesota.  The firm’s dedicated team of energy professionals delivers a broad range of energy solutions.  ConEdison Solutions offers programs and services designed to help customers achieve their individual energy objectives and is accredited as an Energy Services Provider (ESP) by the National Association of Energy Service Companies (NAESCO).

ConEdison Solutions is a subsidiary of Consolidated Edison, Inc. (NYSE: ED).  More information can be obtained by calling 1-888-210-8899 or visiting the ConEdison Solutions website at www.conedsolutions.com.  You can also visit the Consolidated Edison, Inc. website at http://investor.conedison.com for information on all of the Consolidated Edison companies.
      
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Media Contact:
 
Christine Nevin
ConEdison Solutions
(914) 286-7094
(914) 629-2860 (c)
nevinc@conedsolutions.com
Steve Vitoff
The Marino Organization
(212) 889-0808
steve@themarino.org

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