FirstService Energy is owned by FirstService Residential. FirstService Energy advises clients of FirstService Residential on ways to reduce energy consumption, costs and emissions while improving property values and quality of life. FirstService Energy’s goal is to deliver both savings and stability to ABO members and FirstService Residential properties. To that end, FirstService Energy is focused […]
If your building would like a report of its savings vs. the Con Edison rates, you must authorize FirstService Energy to access your Con Edison account online. It will take eight months to receive your first report, which will include six months of data.
The blended rate that we will be contracting for will be variable in nature like the Con Edison rate. However, FirstService Energy will be minimizing the risk by locking in the “adder” portion (Ancillaries and Capacity charges) and buying index energy at the wholesale rate which will be tied to the NYMEX. While one portion […]
Clients who opt-in will be enrolled for a period of one year for electricity and/or natural gas. Following the one-year contract, you will be given an opportunity to opt-in again or to opt-out. You also have the option to enter into a contract that is longer than 12 months.
Your building will benefit from aggregated purchasing power. In addition to a small reduction in sales tax, your building will benefit from the removal of the Merchant Function Charge (an administrative expense charged by the utility that you are currently paying as a result of buying your supply from them).
There is no cost to your building for this service, although FirstService Energy does receive a brokerage fee from the procurement companies. This small fee covers administrative costs for FirstService Energy to run the program and is paid to directly to FirstService Energy by the energy suppliers.
Each Energy Service Company (ESCO) requires that you enter into a contract/agreement for the purchase of electricity and/or natural gas. Though pricing is based on all buildings in the group, each building is party to a separate contract. Generally, a contract reflects the pricing, terms and conditions that apply to each participating member. Note that […]
Deregulation gives consumers the opportunity to purchase electricity and natural gas from competing suppliers. The local utility no longer has a monopoly covering a geographic territory. Consumers in the utility’s service territory can choose to purchase electricity and/or natural gas from other sources, but do not have to do so. The local utility will still […]