Program can help owners cut costs and ease grid strain.New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. property owners in selected areas who are concerned about the rising cost of electricity and energy reliability can participate in ConEdison Solutions' Demand Side Management (DSM 1. DSM - Data Structure Manager. An object-oriented language by J.E. Rumbaugh and M.E. Loomis of GE, similar to C++. It is used in implementation of CAD/CAE software. DSM is written in DSM and C and produces C as output. ) initiative, an incentive program that promotes load reduction. By participating in the program, property owners can reduce their operating costs operating costs npl → gastos mpl operacionales while helping to ease the strain on Manhattan's power grid. The DSM program is designed to reduce energy demand in specific electrical networks. The DSM program offers a financial incentive for businesses to replace existing building systems with more energy-efficient technologies. These targeted incentives can be significantly higher than the standard New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State Energy Research & Development Authority (NYSERDA NYSERDA New York State Energy Research and Development Authority ) incentives. Aside from reducing a business' operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. , the program also lessens its impact on the environment. Reducing the demand for electricity helps improve New York's air quality, reduces emissions of greenhouse gasses, and decreases the need for additional utility substations. How does it work? The DSM program provides project installation services that improve energy efficiency, often resulting in reduced operating costs. The program includes incentives that make payback periods Payback Period The length of time required to recover the cost of an investment. Calculated as: for project costs unusually attractive. While incentive levels vary from project to project, the incentive can fund a major portion of the project cost. Furthermore, the improvements made, besides reducing operating costs, may increase a building's long-term value. Qualifying projects include lighting retrofits, chiller chill·er n. 1. One that chills. 2. A frightening story, especially one involving violence, evil, or the supernatural; a thriller. chiller Noun 1. replacements, replacement of older motors with newer energy-efficient models and distributed generation Distributed generation generates electricity from many small energy sources. It has also been called also called on-site generation, dispersed generation, embedded generation, decentralized generation, decentralized energy or . However, electric peak load reductions achieved through control strategies or improved operations and maintenance do not qualify. Only projects that will achieve permanent load reduction are eligible. For qualified facilities, ConEdison Solutions will survey buildings at no cost. The company's energy specialists will identify specific projects that may reduce electric load and qualify for incentive payments. After collecting energy bills and operational data, and conducting onsite inspections, ConEdison Solutions will develop an initial analysis that projects the cost-effectiveness of the proposed projects. In the next phase, ConEdison Solutions' energy experts will conduct a more detailed technical planning and financial analysis to make an accurate assessment of costs, potential savings, and total incentives. The process requires only a minimal time commitment on the part of building management. If building management elects to proceed with the qualifying project, there is no cost for this detailed analysis. One district targeted for these incentives is on Manhattan's West Side, in the area situated west of Broadway between 31st and 58th Streets, adjoined by additional territory between 40th Street and 52nd Street extending eastward to Fifth and Sixth Avenue. The first major site to benefit from the DSM program was the New York Marriott Marquis New York Marriott Marquis Times Square at 1531-1549 Broadway opened in 1985 and was designed by architect John Portman. It is located in the heart of Times Square at Broadway and 45th Street. , the well-known hotel in Times Square. The hotel received substantial incentives from ConEdison Solutions for the implementation of an intensive energy-reduction strategy that reduced demand during critical summer "peak load" periods. Working closely with ConEdison Solutions, the Marriott Marquis instituted a lighting upgrade that reduced energy consumption by approximately 790,000 kilowatt-hours per year, saving approximately $130,000 annually, depending on electricity prices. Incentive funds are limited and are available on a "first come first served" basis. For more information about the DSM program or to find out if your property is eligible, contact Con Edison Solutions at 800285-1004. BY FRED ORNSTEIN, CONEDISON SOLUTIONS |
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