August 28, 2008
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As a refresher and a Program update:On March 01, 2007, BOMA Toronto, on behalf of the Ontario Power Authority (OPA), launched a $60 million electricity conservation incentive program for buildings (office, retail, industrial and hotels) over 25,000 square feet, in the ‘416’ exchange area. The Program is open to all property owners.
The objective of the Program is to deliver to Ontario 150 megawatts of conservation, over a three year period (March 2007- February 2010) as part of the OPA’s larger plan to deliver 6300 megawatts of electricity reduction in Ontario from various sources.
The available incentives are for peak demand, consumption or cooling ton reduction, at a rate of $400 per kilowatt or $0.05 a kilowatt hour or $250 per ton (for geothermal systems for space cooling), respectively.
All incentives are capped at 40% of the eligible project costs.
The Program process was designed to avoid ‘process’ or ‘contractual’ paralysis; ensuring maximum participation.
R. Wayne Proulx
BOMA Toronto
CDM Program Director
Tags: boma toronto, CDM program, energy conservation, go green plus, gta
