NYC Benchmarking Law Tracks Energy Efficiency

NYC Benchmarking Law Tracks Energy Efficiency Commercial Property Executive (07/04/17) Gagiuc, Anca

New York City implemented several local laws in 2009 as part of the city's ambitious Greener, Greater Buildings Plan. The goal was to curb energy waste in the Big Apple's existing buildings and contribute towards the city's target of reducing emissions by 80 percent from 2005 levels by 2050. One of these laws, 84/09, the New York City Benchmarking Law, calls for owners of large buildings to annually measure their energy and water consumption in a process called "benchmarking." This law affects single buildings larger than 50,000 square feet or groups of buildings on a single lot that encompass more than 100,000 square feet.

In October 2016, the city passed Local Law 133/16, which extends the list of buildings required to benchmark to include mid-sized buildings of 25,000 square feet and larger. Their owners are expected to benchmark for the first time by May 1, 2018, and by May 1 every year thereafter. The reports will be submitted to the U.S. Environmental Protection Agency (EPA), where they will need to register first. They will also be required to enter utilities data from Jan. 1 to Dec. 31 of the previous year into the EPA's Energy Star Portfolio Manager. Buildings that do not submit their utilities data as required under the NYC Benchmarking Law will be fined $500 per quarter, up to $2,000 per year.

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