Some energy service providers will guarantee the projected energy savings, but charge an insurance premium for that guarantee. If the projected savings don’t materialize, the service provider’s insurer makes up the difference. At Toronto Hydro Energy Services, we guarantee 85% of the projected savings at no charge; if the savings don’t materialize, we make up the difference ourselves, saving the client the cost of the insurance premium. For clients who require greater reassurance, we can guarantee 100% of the savings with an insurance premium.
When will we see results? Some upgrades, such as energy-efficient lighting retrofits, provide immediate results. Others must be monitored and tweaked over a period of time to produce maximum results. Where necessary, Toronto Hydro Energy Services monitors all new installations for a year to ensure that the equipment is performing as promised. And as the results roll in, it’s a good idea to share them with the residents: they’ll be glad to hear that their board is doing such a good job on their behalf. Toronto Hydro Energy Services provides energy efficiency engineering and project services to help commercial, multi-residen-
tial and industrial customers lower their energy consumption and control utility costs. As a subsidiary of Toronto Hydro Corporation, Toronto Hydro Energy Services shares the Corporation’s mandate to help customers achieve energy efficiencies. Toronto Hydro Energy Services has
clients in both the private and public sectors throughout Ontario, having successfully delivered sustainable energy savings to leading businesses, property management firms, multi-residential buildings, industry, hospitals, and governments.
CASE STUDY: The Lexington Condominiums This 24-year-old, 321-unit building in downtown Toronto was spending nearly 50% of its operating budget on utility costs. An energy-efficient retrofit conducted by Toronto Hydro Energy Services in early 2005 is on track to achieve 27% savings in annual utility costs. Senior Property Manager Elizabeth Beaudin was “extremely pleased with the project and the results. The residents hardly knew Toronto Hydro Energy Services was there. And they did what they said they would––we have the energy savings to show for it.” From extensive experience working with condominium property managers and their Boards of Directors, Toronto Hydro Energy Services understood the Board’s concerns and presented an engineering proposal that clearly outlined the options. “Toronto Hydro Energy Services projected the long-term energy savings, which demonstrated to our Board of Directors how the project would pay for itself,” said Elizabeth. The $289,690 project proceeded with little disruption to the residents. Toronto Hydro Energy Services provided complete turnkey project services, obtaining all incentive grants or discounts for which the building was eligible, providing all engineering design and drawings, overseeing implementation, and reporting energy savings quarterly. All work was completed Monday to Friday during regular business hours.
Winter 2006
thecondovoice
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