What is energy benchmarking?
On October 17, 2019, City Council approved the Climate Action & Adaptation Plan. The Plan includes a slate of mitigation strategies aimed at preventing emissions from greenhouse gases, eventually leading us to the goal of net neutral emissions by 2050. One of the mitigation strategies under the theme of reducing energy consumption is commercial and multi-family benchmarking and a disclosure ordinance.
Energy benchmarking is the process of regularly measuring a building's energy use, tracking its performance over time, and comparing its performance to that of similar buildings. Benchmarking data helps owners and tenants understand their building's relative energy and water performance, also helping to identify opportunities for the reduction or elimination of energy and water waste, potentially saving money and improving health and comfort.
Benefits of benchmarking
- Flag hidden problems
- Drive more energy actions, faster
- Peer-to-peer building performance comparison
- Prioritize energy actions and make informed decisions
- Realize savings from reduced energy and water use
- Achieve higher occupancy, rental, and sales values