New incentive program will reduce Toronto buildings’ power consumption
TORONTO — The Building Owners and Managers Association of Toronto (BOMA) and the Ontario Power Authority (OPA) have launched a program which aims to save 150 megawatts (MW) of electricity in Toronto annually. The BOMA Toronto CDM Program, a program that the OPA has allocated $75 million towards, will target commercial buildings throughout the city.
The program “will help ease power demands during peak summer hours and reduce overall energy consumption. It will mean less CO2 and other emissions from power-generating plants. It will leverage private-sector capital spending, resulting in significant new projects that will help make Toronto’s commercial buildings among the most energy efficient in the world,” says BOMA Toronto Director Wayne Proulx.
The program was conceived in 2006 when the Minister of Energy directed the OPA to create initiatives to reduce Toronto’s electricity demand by more than 300 MW by 2010. BOMA Toronto, whose members represent the majority of commercial real estate in Toronto, proposed to design and deliver a program.
Doug Taylor, Manager of the BOMA Toronto CDM Program, explained that the program is open to both members and non-members of BOMA. “The program window is relatively short – it expires in three years – and many of these major retrofits have long lead times. So we think we’ll see a lot of applications in the first several months.”
For more information www.bomatoronto.org