Due to the anticipated decommissioning of the Indian Point Energy Center in 2016, Westchester County and New York City will likely experience very serious energy shortages. In attempt to mitigate power outages during peak hours, Con Edison and NYSERDA have jointly introduced a Demand Management Program totaling $285 million in incentive dollars to promote green energy. This program builds on existing programs and streamlines the process between Con Edison and NYSERDA for existing commercial and industrial buildings.
Specifically targeted are commercial and industrial customers with high on-peak demand and developers of large-scale projects. Those who are able to switch from electric cooling methods will see the most substantial benefits. However, the program will likely be expanding its scope and depth of solutions for as many types of facilities as necessary to curve the potential energy shortfall. Some eligibility requirements include:
- Con Edison customer paying under Monthly Adjustment Clause (MAC)
- 50kW or more combined peak demand reduction
- Project completion and operational by June 1, 2016
A facility’s on-peak hours is defined as its energy load from 2 PM to 6 PM on weekdays from June through September. Incentives can fund up to 50% of a project’s costs with bonuses available to customers achieving larger on-peak load reductions over 500kW. With the Demand Management Program, commercial and industrial customers can quadruple their current incentive funding. However, any changes to equipment must not begin until a technical review and inspection is completed.
As always, it is advisable to consider a facility upgrade as soon as possible to take advantage of the program’s limited funding and timing constraints. As the cost of energy rises and high-performing energy upgrades are more and more incentivized, payback for most projects are less than three years. Whether it is lighting, HVAC, controls, demand response enablement, thermal storage, battery storage, or fuel switching, Bright Energy Services can take the headache out of the entire process for you. In the end, you will be saving money and the environment. Give us a call today at (347) 470-7090 to learn if your facility is eligible for the Demand Management Program!