Vornado established its innovative Energy Information Portal (EIP) in 2009. The EIP is a customer-facing, web-based tool, through which submetered tenants will have access to their electricity bill and their real-time energy usage data.

Between 60-80% of the energy used in our office buildings is consumed by tenants within their spaces.

The EIP is designed to help tenants, the users of energy, to better understand their energy usage profile and change wasteful energy practices, lower their electricity costs, and become more energy efficient.

Vornado, in conjunction with our energy supplier, has procured Renewable Energy Credits (RECs) for all electricity consumed in our directly managed New York City portfolio.  These RECs are sourced from national wind and/or solar energy facilities, and all tenant submeter electricity consumption is matched with RECs throughout the term of our contract, expiring June 2027.  Each REC represents the positive environmental attributes of one megawatt hour (MWh) of electricity generated by a renewable power plant and is retired in Vornado’s name on behalf of Vornado and its customers.  These REC purchases do not represent lower electric costs or electric savings.  For more REC retirement information please reach out to Vornado Property Management.