C&I Customers of Con Ed Will See Energy Savings, Reduced Bills with 5-Year Smart Meter Plan

(Pictured: Brookly Navy Yard)

Commercial customers of Con Edison in New York and New Jersey will benefit from the energy-delivery company’s five-year smart meter installation program that starts this year, Con Edison’s chairman and CEO John McAvoy told employees at its annual meeting yesterday. The meters will let the company know when a customer loses service, resulting in faster repairs, and will also provide real-time billing information to customers based on energy usage, enabling them to pinpoint areas for energy savings. They will also permit more definitive voltage regulation, enhancing electric distribution-system efficiency, reducing costs, and providing savings that ultimately get reflected in lower customer bills, McAvoy said.

Commercial and residential customers of Con Edison have earned $290 million in rebates by using programs that gave them incentives to upgrade businesses, reduce energy use, and save on energy bills, according to McAvoy.

Commercial customers in New York will also have more availability to rooftop solar, battery storage, fuel cells and combined heat and power installations as part of the company’s REV: Reforming the Energy Vision initiative.

The Brooklyn Navy Yard worked with Con Edison in 2016 to install New York City’s largest rooftop solar project. The New York State Energy Research Development Authority contributed $625,000 to the energy-delivery company to install more than 3,000 solar panels to the roof of its Building 293, according to Technically Brooklyn. The Navy Yard paid nothing for the installation.

Con Edison Solutions owns and operates the panels and sells the power to the Navy Yard at discounted rates.

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