Aegis Energy, EDF Group clients enjoy rate-hike buffer
Combined Heat and Power systems ensure savings in the face of rising costs
There is a “power” struggle going on in and around New York City as a recent report from the U.S.Energy Information Administration states that residential customers in New York and Westchester County were faced with the highest electricity costs in the nation in 2012.
According to the data, those residents paid $25.65 per kilowatt hour, more than twice the national average of $11.88.
The news doesn’t get any better going forward as Consolidated Edison is asking New York’s Public Service Commission for $450.9 million in rate increases next year.
Holyoke, MA-based Aegis Energy, EDF Group has become a significant player in the New York City “power” struggle by providing its large-scale residential clients with relief from rate hikes.
By installing its modular Combined Heat and Power systems in New York City landmark residences like The Hamilton, Tudor City Place, and Birchwood Towers, Aegis Energy, EDF Group is shielding its clients from current high utility rates and impending hikes, which negatively impact their energy budgets.
Aegis Energy’s Combined Heat and Power systems deliver two forms of energy- heat and electricity, from a single fuel source (natural gas). The high-efficiency CHP systems significantly reduce energy costs and harmful emissions, as recognized by the EPA.
Founded in 1985, Aegis Energy, EDF Group is a full service Combined Heat and Power provider that utilizes modular systems to reduce both energy costs and emissions for a variety of facilities, from healthcare and assisted living facilities, to recreational and multi-residential complexes, and hotels. There are also institutional, educational, and industrial facility applications. Combined Heat and Power (CHP), also known as cogeneration, is an efficient, clean, and reliable technology, which simultaneously generates electricity and thermal energy from a single fuel source.
At The Hamilton, rising fuel and electricity costs mean higher savings for the building thanks to the Combined Heat and Power system installed in the fall of 2010. The system provides an average monthly savings of $9200 over previous comparable billing cycles. The building has also benefited from the 24/7 remote monitoring of the system by Aegis service technicians, which keeps the system operating at optimum parameters and high run-times.
The installation at 25 Tudor City Place (the fourth Aegis system installed at the famed complex) will provide 47 percent of the building’s DHW thermal requirement and 34 percent of its electrical load.
At Birchwood Towers’ Toledo Building and Kyoto Building, Aegis-installed CHP systems will provide heat for the hot water (DHW) loads for each building and will also pick up the pool heating load in the Toledo Building. Projected cost saving for the Birchwood Towers installation is over $120,000 annually.
As rates continue to rise,
so do the savings projections, giving Aegis Energy, EDF Group clients some financial relief in an area that is typically a significant burden on a building’s annual operating budget.