Energy Management KPIs Electricity demand- Electricity demand is measured by the rate at which electrical energy is delivered. It is measured by the generation and distribution facilities. Emissions- Emissions refer to the anthropogenic release of gasses (often greenhouse gasses such…Read full post
Energy Sales Tax Exemption Discontinued in New York State FY2020 Budget
Congestion pricing, mansion tax, and a ban on plastic bags – but what isn’t making headline news is the discontinuation of the sales tax exemption on non-residential transmission and distribution of gas and electricity when customers buy from an ESCO. In other words, for C&I customers in NYC purchasing electricity and gas from an ESCO / retail energy company, you’ll now be paying the full 8.875% sales tax on Con Ed’s T&D, rather than the 4.5% you have been paying since 2009. Read on to learn when this exemption officially disappears and when you will start paying the full sales and use tax on your T&D charges.
In order to raise an additional $90-120 million dollars per year towards the State of New York’s $175 billion budget, the FY2020 budget repeals the sales tax exemption for electric and gas transportation, transmission, and distribution for non-residential customers who purchase energy from an ESCO.
In its Memorandum of Support, the state cites well-developed competition among ESCOs and the “exemption perpetuates unequal treatment among utility customers.” New York commercial customers already pay 30% more than the average commercial customer in the US (9th highest $/kWh – based on calendar 2018 EIA data). And if this were limited to New York City customers, we estimate it would be closer to 53% higher and in the top 3 most expensive.
According to the Memorandum of Support, this bill will take effect June 1, 2019 and would apply to sales made and services rendered on or after that date. Update your budgets accordingly!
4/27 – Peak Load Management and Demand Response Panel Panelists: Andy Anderson, CEO, WatchWire Gregg Fischer – Founder and CEO, Fischer Energy Molly Dee-Ramasamy – Director, Deep Carbon Reduction Group – JB&B Matthew McCue – Account Executive at CPower …Read full post
4/27 – 10:45am to 11:45am - Sustainability Management: Issues and Opportunities Panelists: Andy Anderson, CEO, WatchWire Alex Gulagaci, Director of Engineering, RXR Lauren Moss, Chief Sustainability Officer, Vornado John Forester, Vice President Real Estate Services, Energy and Sustainability RMR Group…Read full post
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