Neal Bach

Electricity price embedding underway for 2023-24

Canadian Property Management

Electricity price embedding cycle begins anew

Ontario’s large commercial customers will have somewhat more straightforward parameters for carving out their share of the global adjustment as they prepare for expected summer peak demand.
COVID-19 prompts fine-tune for effective benchmarking

Canadian Property Management

A fine-tune for effective benchmarking

The 2021 versions of REALPAC's normalization methodologies for calculating energy- and water-use intensity address issues arising from the COVID-19 pandemic and lower occupant densities in office buildings.
COVID-19 repercussions driving up global adjustment costs for commercial electricity customers

Canadian Property Management

COVID-19 incubates global adjustment 2021-22

For Class A consumers, cost-saving potential will be diminished even if they successfully curtail demand during the five peak hours since those peaks are expected to be lower than usual.
Ontario to offset electricity costs with fixed rate for global adjustment in April, May and June

Canadian Property Management

Ontario to temporarily offset electricity costs

Commercial and industrial electricity customers will pay the differential above 11.5 cents per kilowatt-hour in added monthly increments beginning in January 2021.
Ontario electricity prices hold steady despite dropping demand

Canadian Property Management

Ontario electricity prices flout sliding demand

Despite a steep drop in province-wide energy consumption due to COVID-19 triggered business shutdowns, many building owners/managers expect a more modest flow-through dip in operating costs.