Time Warner Center is a two million square foot mixed-use skyscraper which was developed by the Related Companies in 2003 and Managed by Related Management thereafter. The facility has foot traffic of approximately 5,700 people per day for entertainment, luxury condominiums, retail shops, hotel and commercial office space. Time Warner Center in partnership with New York State Energy Research and Development Authority (NYSERDA) and utiliVisor undertook a load management energy conservation project that optimized the chilled water production for the past two years. Since the project has been implemented, approximately 1,407,014 kWh has been avoided.
The installation of utiliVisor was a two-part process at Time Warner Center.
Implementation of the recommendations result in:
The cost of the two year project is $260,522 with a financial incentive of $100,000 provided by NYSERDA. Through the New York Energy $martsm program utiliVisor was able to reduce the chiller plants energy consumption 1,407,014 kWh with a simple payback of 1.68 years.
All New York Energy $martsm programs are funded by a system Benefits Charge (SBC) paid by electric distribution customers of Central Hudson, Con Edison, NYSEF, Niagara Mohawk, Orange and Rockland, and Rochester Gas and Electric. NYSERDA, a public benefit corporation established by law in 1975, administers SBC funds and programs under an agreement with the Public Service Commission.
New York Energy $martsm programs are designed to lower electricity costs by encouraging energy efficiency as the State’s electric utilities move to competition. The programs are available to electric distribution customers (residential, commercial, institutional, and industrial) who pay into the SBC.