Webinar: Earn Revenue from BOMA/Chicago’s Demand Response Program

Description

Earn Revenue from BOMA/Chicago's Demand Response Program

Date: December 11

Time: 1 PM to 2 PM

Location: Virtual on Zoom

Price: Free

BOMA/Chicago has negotiated a Demand Response agreement with leading provider nrg, to provide buildings with better terms than many can obtain on their own. At this webinar, you will learn from nrg how to participate in Demand Response to earn income for your building and reduce utility costs.

Demand Response programs pay buildings to reduce electricity use during peak times. Engineers work with providers to find ways to temporarily reduce energy use, such as dimming lights or adjusting HVAC systems. On a few high-demand days, buildings implement these changes for a few hours and receive a share of the savings from reduced energy use.

Benefits of the BOMA/Chicago Program

• High Revenue Share: Earn 85% of gross revenue from energy savings (vs. typical 65–75%).
• No Performance Guarantee: No requirement to participate after the contract is signed, and no penalty if the building fails to perform.
• Pre-Negotiated Contract: BOMA/Chicago has pre-negotiated the contract between the provider and the building. Buildings can sign up quickly or negotiate further with the provider if they have any unique needs.
• No Extra Cost for Meters: Buildings can use their existing energy monitoring equipment if it’s compatible. If new meters are needed, the provider will supply at least four free meters, and any additional meters will be charged only at cost—no markups or hidden fees.
• Flexible Payments: Choose annual or quarterly payments.
• No Automatic Renewal or Right of First Refusal: The agreement lasts for 3 years, with no automatic renewal and no restrictions that would allow the provider to match other offers before the building can switch vendors.
• Flexible Termination & Assignment: The agreement can be terminated or assigned if ownership changes or if BOMA/Chicago’s program ends.
• Confidentiality: The provider will only use your information to deliver services or meet regulatory requirements. BOMA/Chicago receives only anonymized, aggregated data; no individual building information is shared.
• Supports Industry Advocacy: Your building’s participation helps advance the commercial real estate industry. BOMA/Chicago receives a revenue share from the program provider and is committed to transparency.