Last Monday, Gov. Cuomo announced that the New York State Energy Research and Development Authority (NYSERDA) is partnering with Con Edison on an initiative to decrease electricity demand by as much as 125 megawatts (MW) in New York City. The goal is to increase energy efficiency, reduce demand during peak electricity usage hours and apply combined heat and power (CHP) electrical generation systems at the sites of electric consumers in New York City and Westchester County. The initiative focuses on high-demand energy users in Con Edison’s service territory who are able to achieve demand reductions.
The program will provide $285 million – including $219 million for energy efficiency and demand reduction projects to reduce peak electric demand and $66 million for CHP systems at customer sites to replace electricity from the grid. The projects will be completed in the first half of 2016.