New York had its coolest June since 1985 this year, and as a result, Manhattan office landlords are seeing their summer air-conditioning bills go down. Power bills for June fell $100,000 at each of the three 1 million-square-foot office buildings run by EnergyWatch, which buys power for office space. The power bill dropped nearly $72,000 at one Manhattan hospital, said Con Edison Solutions spokesperson Adam Fairbanks. New York’s wholesale power price has averaged $28.69 per megawatt-hour in July so far, a 71 percent drop from last summer. This month is on track to be the second-coolest July in 140 years, so bills are likely to stay low.
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Lower power bills for office landlords
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