INSIDE BINGHAMTON UNIVERSITY
SUNY Energy Buying Group saves $1.47M in first 11 months of operation
During its first 11 months of operation, the SUNY Energy Buying Group saved campuses $1.47 million in energy costs, SUNY Chancellor Robert L. King announced last week.
“This is great news for the taxpayers and families of New York because it shows that SUNY works hard to control costs while still providing a first-rate college education for every student,” King said.
In December 2002, using an energy purchasing strategy pioneered by the University at Buffalo, the SUNY System Administration became a direct customer of the New York Independent System Operator (NYISO). The Buying Group is purchasing electricity for 14 campuses in the Niagara Mohawk service territory directly through the wholesale markets operated by the NYISO.
SUNY paid the NYISO $12,651,763 for the 11-month period ending October 31, compared to $14,122,556 that the participating campuses would have paid if they purchased electricity individually from Niagara Mohawk. Participating SUNY campuses include the University at Albany; Upstate Medical University; the colleges at Fredonia, Buffalo, Brockport, Cortland, Oswego and Potsdam; the College of Environmental Science and Forestry in Syracuse; Cobleskill; SUNYIT in Utica; and Canton, Herkimer and Mohawk Valley community colleges.
“Working together as a system, these campuses have saved a great deal of money that can be redirected toward other campus needs,” said Joe Fox, coordinator of the SUNY Energy Buying Group.
The second phase of the Energy Buying Group program is expected to begin this month and will add SUNY campuses in the NYSEG service territory, which includes Binghamton. Phase three is expected to add campuses in the Central Hudson Electric and Gas Inc. and Rochester Gas and Electric territories. The SUNY Energy Buying Group is also exploring options that would provide price stability to campuses, including long-term electricity supply contracts.