07 Jun '12, 4pm

Data Driving Investment, Scale in Energy Efficiency

Data Driving Investment, Scale in Energy Efficiency

The city of New York ran into the same problem as many other building owners when it comes to energy efficiency. The tenants in the buildings don’t directly pay their utility bills, so it was hard to get them interested in saving energy, especially if it meant capital-intensive retrofits. “Why would an agency invest its own money if we pay the bill?” asked Ariella Maron, deputy commissioner for energy management at the NYC Department of Citywide Administrative Services , the department that pays the city’s energy bills. To combat the problem, the city decided to put agencies on the hook for their energy budgets across about 4,000 buildings. If they came in under budget, they got to pocket the difference, but if they were over budget, they had to pay up. In the first three months, administrative services paid out $900,000 but collected $1.5 million. “For the first time, [ag...

Full article: http://www.greentechmedia.com/articles/read/data-driving-...

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