Month: April, 2014

10 Apr

Understanding Your Multifamily Benchmarking Results

Leyna O'Neill Uncategorized

Put your benchmarking results to use!

NYC’s energy benchmarking law, Local Law 84, was created with the intention of bringing energy usage to the forefront of building owners’ minds. By revealing how inefficient some buildings are compared to their peers, the City is hoping to spur energy efficiency increasing measures.

In order to help turn the benchmarking results into action, Bright Power has released a short white paper that shows how NYC multifamily buildings compare to their peers. This tool utilizes the Energy Use Index (EUI) provided by the benchmarking results to put your building performance into context. Download your copy here.92

REMINDER: 2014 Benchmarking is due May 1st!

07 Apr

How to Get Off the Energy Rollercoaster

Dan Levin Uncategorized

Don’t let the energy markets take you for a ride.

If you’re looking at your utility bills from this past winter, chances are you’re not too pleased. Not only did you face skyrocketing energy prices, but also angry tenants and shareholders demanding answers. Does that ring any bells? So why was this winter so jaw-dropping? Blame it on the rain (and the snow and the cold). Unforeseen storms and temperatures sent demand through the roof, severely depleting our country’s natural gas reserves. The drastic decrease in storage created a volatile market which is still in recovery. And, because electricity prices follow natural gas prices, your electric bills shot up, too.

But you don’t need to be so exposed to the wild fluctuations of the energy markets.  You can stick with your local utility company to cover your energy supply and ride the energy market rollercoaster… or you can work with a valued partner to bid out to multiple Energy Supply Companies (ESCOs), find competitive rates and develop pragmatic strategies to accommodate your energy needs and protect you from future price spikes. For example, by buying your energy ahead of time – at the right time – you can mitigate risk for you, your building, and your tenants and shareholders.

How can Bright Power help? Bright Power’s newly expanded Energy Procurement team will evaluate your past, present, and projected energy usage. That assessment, along with a deep understanding of the energy market, will form the foundation of your customized energy procurement strategy. Our trusted advisors are continually monitoring the markets to seize opportunities to save while simultaneously managing and reducing risks on our clients’ behalf. Start preparing for tomorrow, today.

Leyna O’Neill