Kathryn Brenzel, The Real Deal New York
July 25, 2017
Summary
To keep up with the building boom and a population that is expected to soar to 8.7 million by 2025, New York City needs to find ways to pump more electricity to the five boroughs, according to a new report by the New York Building Congress.
The report also notes the need to change regulations surrounding new energy-saving technologies, like solar power and cogeneration. For the latter, standby tariffs — fees paid to utilities to remain connected to the electricity distribution system — stand in the way of some developers investing in cogeneration, which can provide both heating and electricity to a building. The Durst Organization has a 4.6-megawatt cogeneration plant at One Bryant Park and has been working with the Real Estate Board of New York to push for changes to how these fees are applied.
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