{"id":13883,"date":"2015-09-17T05:00:15","date_gmt":"2015-09-17T12:00:15","guid":{"rendered":"http:\/\/www.yardi.com\/blog\/?p=13883"},"modified":"2026-02-22T15:40:23","modified_gmt":"2026-02-22T23:40:23","slug":"choose-clean-power","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/choose-clean-power\/","title":{"rendered":"Choose Clean Power"},"content":{"rendered":"

Evidence of climate change is all around us \u2013 for example, the amount of Americans with asthma has more than doubled<\/a> in the past three decades, and rates are alarmingly high among lower-income people, who are more likely to live near a power plant. It\u2019s no wonder that people are getting sicker when, as a country, we emit more than 5.5 billion tons<\/a> of carbon dioxide (CO2) a year.\"Burke\"<\/a><\/p>\n

As of August 2015, the Obama administration released a proposal to tackle this tremendous issue in the form of the Clean Power Plan<\/a> (CPP).\u00a0 The plan sets the country\u2019s first-ever national standards limiting carbon pollution from power plants, which were previously unregulated. The CPP aims to reduce carbon dioxide emissions by 32 percent by 2030 by establishing standards, but allowing individual states the flexibility to choose how this should be accomplished.<\/p>\n

With such a daunting goal, it can be confusing to know where to start when considering alternative energy for your properties. We caught up with Jennifer Burke, an energy consultant at Yardi subsidiary MCEnergy<\/a>, to find out what this new plan means for the commercial real estate industry.<\/p>\n

How will the CPP affect commercial real estate?<\/strong><\/p>\n

JB:<\/strong> The CPP is intended to reduce carbon emissions by 32 percent for U.S. power plants \u2013 below 2005 levels.\u00a0 Coal fired power plants are the greatest emitters of carbon.\u00a0 Therefore, the CPP will have the greatest impact to electricity pricing in geographic areas where coal is more dominant in the generation of electricity.\u00a0 The PJM ISO, the largest Independent System Operator (ISO) in the U.S., which encompasses 13 states in the mid-Atlantic region, has a relatively high concentration of coal fired power plants and will be impacted the most.\u00a0 As more coal plants are retired, there may be upward pressure on pricing as potentially more expensive fuel sources may be used in the generation of electricity.<\/p>\n

How can a building\u2019s usage of coal be curbed?<\/strong><\/p>\n

JB: <\/strong>A building\u2019s usage of coal-powered electricity is based on its geographic location. For example, coal makes up 96.7 percent of West Virginia\u2019s electricity generation resource mix, while in New York it is only 9.9 percent. Utility companies have designated regions that they must serve.\u00a0 If your building is located in a utility jurisdiction where the market is not deregulated, your supply of electricity must come from that utility.\u00a0 In deregulated states, building owners can choose their electricity supplier and may choose a supplier with a cleaner resource mix. In either case, a building owner also can choose to purchase Renewable Energy Credits (REC\u2019s), thereby making a financial commitment to clean energy and offset carbon emissions. MC Energy supports our clients in making the decision on which supplier best meets their needs from both a pricing and sustainability standpoint.\u00a0<\/strong><\/p>\n

What is the most cost-effective way to incorporate alternative energy sources into an existing commercial building?<\/strong><\/p>\n

JB:<\/strong> The most cost-effective way to incorporate alternative energy sources into an existing commercial building is to purchase Renewable Energy Credits (RECs)<\/a>. An REC represents the green attributes from the production of one megawatt-hour of renewable energy. When a renewable generator sells a REC they transfer the benefit of renewable energy to the purchaser, which offsets the purchaser\u2019s electricity emissions. Emissions reductions from RECs show a degree of environmental stewardship and can be claimed in sustainability reporting.\u00a0 The REC market also supports renewable energy developers allowing them to build wherever economically feasible, knowing they will be supported by customers across the country.<\/p>\n

Over the past six months, the price of National Voluntary Wind RECs dropped to the lowest level ever. The decline was mainly due to a two week extension of the Production Tax Credit, a government incentive to build renewable generation, at the end of 2014. In order to qualify for the extension, projects needed to be started before the Dec. 31, 2014 deadline. These projects are now in production, flooding the REC market with supply and driving down the cost.<\/p>\n

What can property managers do to increase tenants\u2019 awareness of their energy use?<\/strong><\/p>\n

JB: <\/strong>One cannot manage that which they do not know!\u00a0 Historically, most buildings had a single meter to monitor the electricity consumption for the entire building and tenants were billed at often arbitrary amounts, regardless of their actual consumption. Individual tenants would be incentivized to reduce their usage if their monthly electricity bill was tied to their actual consumption. Many property managers have installed submetering<\/a> systems to provide tenants with this information.\u00a0 Armed with information, tenants can take control of their energy destiny.<\/p>\n

This story originally appeared in Commercial Property Executive.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Evidence of climate change is all around us \u2013 for example, the amount of Americans with asthma has more than doubled in the past three decades, and rates are alarmingly high among lower-income people, who are more likely to live near a power plant. 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