Energy Performance Transparency coming for Ontario’s large buildings
Pending legislation is making energy efficiency an urgent priority for large buildings. Energy benchmarking is an important driver for improved energy efficiency and Ontario is one step closer to adopting new regulations for energy performance transparency. Efficiency Capital (EC) supports this change to encourage more buildings to take on deep, comprehensive retrofits.
The Ontario government has proposed an Energy Reporting Requirement for large buildings to come into effect in 2017 with the initial public reporting period to include the second half of 2016. Building owners who respond by improving their performance now will have a clear advantage attracting and retaining tenants while enhancing the value of their assets. Of course they’ll also benefit from significant energy cost savings while reducing greenhouse gas emissions.
Efficiency Capital helps owners and property managers address the number one barrier to energy efficiency – access to capital. EC’s innovative non-debt financing means more buildings can take on performance-guaranteed retrofits to become green leaders with little or no upfront investment.
The Ministry’s regulation proposal includes the following: