Editor's Note: To learn more about energy benchmarking for commercial buildings be sure to check out VERGE@Greenbuild, November 12-13, in San Francisco.
New York City this week released energy benchmarking results from 2,065 commercial buildings to the general public. This marks the start of the city’s practical implementation of a law that went into effect last year and has recently been adopted in Philadelphia, San Francisco and Washington DC.
The law was designed to bring greater transparency to New York’s commercial real estate market by mandating that owners of buildings over 50,000 square feet measure and release records of their annual energy usage. Ideally, the results will influence the general public and the actions of potential commercial tenants by fully informing them of a building’s energy consumption, thereby incentivizing landlords to compete for lower usage costs.
Benchmarking data is also a powerful statistical tool, as it can be used by the city to analyze how building age, size, and construction affect energy usage.
NAC columnist Mark Alan Hughes, an advocate for Philly’s benchmarking policy, explained the benefit to consumers in a recent column. Benchmarking, he wrote, allows "people who want to buy or lease [a building to] know how much energy (or water, etc.) they [will] use each month, and how much it will cost them. And indeed, that information is crucial to getting the prices right in the market. All things considered, a building that costs less to operate should be worth more."
Since the passage of the law, property owners have been compiling data on their metered energy use for 2011, with this week's release standing as the first time such information has ever been made public under a benchmarking law.
Next page: Inspiring other U.S. cities to report energy use of buildings