“What you need to know. Your building’s electric meter is going to get smart.
… ‘Oftentimes the peak demand of a co-op or multi-family building is in the evening hours,’ says Thomas Morrisson, Director of Energy Management at EN-POWER Group, an energy consulting firm, ‘versus commercial buildings [with] peak demand around noon to 3:00 o’clock.’ For many multi-family buildings, switching to a time-of-day rate, based on your smart meter readings, could lower your electricity bill.
Be smart. What’s using the most electricity? There are a lot of building systems to examine, and while the smart meter is a start, it won’t provide the answers you need. Working with an energy consultant is a good next step. A consultant can advise if metering specific building systems and installing variable frequency drives will reduce your load, and if this is a cost-efficient move. Plus, Con Edison wants you to reduce demand. They offer energy efficiency and demand response programs to incentivize you, and smart meters (or an interval meter) are necessary to participate.
The bottom line. Smart meters are a great way to start to figure out how to save on electricity costs. Con Edison is tackling installation borough by borough and county by county. Staten Island is done, Westchester is almost finished, and they are beginning to roll out Brooklyn and Manhattan. Queens and the Bronx will follow.”
To read the full February 26, 2019 article in Habitat >>>> click here