Con Edison Eyeing More Neighborhoods For Energy Savings, Grid Support
Company Supporting Energy Efficiency, Storage, Alternative Sources of Power
Con Edison wants to help customers in certain neighborhoods in Manhattan, Brooklyn and Queens take advantage of innovative ways to reduce the amount of electricity they need from the grid.
The company is asking prospective business partners to provide proposals on how they can help customers install solar panels, fuel cells, energy efficient equipment, batteries and other distributed energy resources.
Con Edison will take the best ideas and consider incentives for business and residential customers who are willing to participate.
“For more than a century, the standard utility solution to the growing need for power has been to build more infrastructure,” said Matthew Ketschke, vice president, Distributed Resources Integration, for Con Edison. “But newer technologies give us another option. We can work with customers to help them manage their usage, get renewable energy, and reduce their monthly bills.”
The initiative is modeled after Con Edison’s successful Brooklyn-Queens Neighborhood Program, which started in 2014. That program will help customers in parts of north central and eastern Brooklyn and southwestern Queens reduce their usage from the electric grid by about 41 megawatts by 2018.
The reduction lets Con Edison defer construction of a $1.2 billion substation, a cost that would be borne by customers. It is an approach that saves money for customers, helps Con Edison maintain its industry-leading reliable service, and reduce emissions from power plants.
The company’s new initiative seeks innovative energy solutions in neighborhoods on the west side of Midtown Manhattan, northern and western Brooklyn, and northern Queens. They are neighborhoods where economic development is increasing the need for more electric capacity.
Rather than adding infrastructure, Con Edison is looking to reduce the need for power in these areas by a combined total of about 30 megawatts.
Con Edison has already received proposals from prospective business partners with ideas about using distributed energy resources to reduce the need for grid power by 11 megawatts in the area of Manhattan between the Hudson River and Broadway from 42nd Street to 58th Street.
Con Edison has identified other areas where the company can work with customers to reduce their need for grid power and plans on releasing additional requests for proposals. View a presentation on the concept.
Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation’s largest investor-owned energy companies, with approximately $12 billion in annual revenues and $48 billion in assets. The utility delivers electricity, natural gas and steam to 3.4 million customers in New York City and Westchester County, N.Y. For financial, operations and customer service information, visit conEd.com. For energy efficiency information, visit coned.com/energyefficiency. Also, visit us on Twitter and Facebook.