JAY RAPHAELSON ENERGY WATCH


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Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise. As of this writing, no state agency oversees energy brokers, and there is no way to tell how many are operating in the city. Engage, enrage, ask questions and give answers with your community of board members. Thinking of buying a co-op or condo? Because of the daily-changing energy market, the board or its rep must decide among the bids within a day; for that reason, many boards or reps will haggle over the terms they want with an ESCO and then give one person the power to greenlight the contract. There are generally three choices:

Some buildings need the financial certainty of a fixed price. Ask the Experts learn more. Submit your questions and comments here! Ever since utility markets became deregulated in , New York State has offered incentives for customers to use energy service companies ESCOs rather than such traditional utilities as Con Edison or KeySpan. There are generally three choices: Choosing a Broker As of this writing, no state agency oversees energy brokers, and there is no way to tell how many are operating in the city. Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments.

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The process begins with the broker evaluating your building s to determine its unique energy needs and financial requirements. As of this writing, no state agency oversees energy brokers, and there is no way to tell how many are operating in the city. The broker’s payment comes from the chosen ESCO — either a rate that ranges from about.

Choosing a Broker As of this writing, no state agency oversees energy brokers, and there is no way to tell how many are operating in the city. Many buildings benefit most by having some services on a fixed contract and others on an indexed rate. How should you pick a good energgy

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Optimally, using an ESCO saves you money right away because you pay sales tax only on the supply side, not the delivery portion, which is about a third of your total bill. Tradition Energy represents watcj 31 co-op and condo buildings in the city, including such large complexes as the Amalgamated Warbasse Houses in Brooklyn see at right.

USING ENERGY BROKERS

Belloff says that savings on such an arrangement come when a broker can gauge the marketplace and find the right time to make a deal. Though the five-building, 2,unit, affordable-housing co-op complex has its own power plant for electricity, it was getting hammered on gas prices, says assistant property manager Thomas Auletti. Do the ESCOs have good credit, deep pockets, and easy-to-read contracts? Those help the ESCO balance out daytime energy-using office buildings with nighttime energy-using co-ops and condos.

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise. A broker has an advantage over a board or a manager researching ESCOs because the broker has the technical expertise, says Stuart Belloff, executive vice president of Reliable Power Alternatives Corp.

As well, it is usually easier to get good deals for master-metered structures, because they provide bigger loads, properties will also get good prices if they employ time-of-use meters. Submit your questions and comments here!

Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments. Ever since utility markets became deregulated inNew York State has offered incentives for customers to use energy service companies ESCOs rather than such traditional utilities as Ehergy Edison or KeySpan. Ask the Experts learn more.

Indexed pricing, generally best for large buildings and complexes, can bring savings of up to five percent compared to Con Ed rates, Belloff notes.

Source Guide see the guide. And while you can research ESCOs yourself, many co-ops and condos now use energy brokers. How It Works The process begins with the broker evaluating your building s to determine its unique energy needs and financial requirements.

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Local law 87 NYC Feb 21, Some buildings need the ehergy certainty of a fixed price. With a fixed price, you’ll see savings over the course of a year, such as when prices rise during the peak seasons of summer and winter, and if the market rises because of unforeseen factors, such as foul weather. Learn all about purchasing a place and living in your new community.

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It’s not like renting, and its not like owning a house. Because of the daily-changing energy market, the board or its rep must decide among the bids within a day; for that reason, many boards or reps will haggle over the terms they want with an ESCO and then give one person the power to greenlight the contract.

There are generally three choices:. The brokers say they go to a rotating group of about eight to ten ESCOs to get proposals and then return to the board, managing agent or lawyer with the top bids. Moreover, he adds, a good broker also serves as a consultant who can help you manage energy more efficiently.

Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier! Engage, enrage, ask questions and give answers wqtch your community of board members. Thinking of buying a co-op or condo? There are generally three choices: Board Talk Engage, enrage, ask questions and give answers with your community of board members.