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AGENCY TESTIMONY
Comparison of metered and MCP billing
2:23:46
ยท
50 sec
The testimony presents findings from the IBO's analysis comparing metered water billing to the Multifamily Conservation Program (MCP) billing structure.
- Using 2020 water bill data, 82% of apartment buildings paying metered water bills were billed less than those in the MCP per apartment
- The MCP rate in 2020 was about $1,000 per apartment
- MCP properties are typically larger, older apartment buildings
- The Bronx has a high concentration of MCP properties
- Many NYCHA properties are enrolled in the MCP
Jordan Paige
2:23:46
Using 2020 water bill data, we found 82 percent of apartment buildings that pay immediate water bills will be less.
James F. Gennaro
2:23:53
Walshing in.
2:23:54
Walshing in.
2:23:57
What's the lessons?
2:23:58
It's over in the bullets now.
2:24:00
What's that?
Niki Cross
2:24:01
We're in the the 2nd bulleted section on the last page now.
James F. Gennaro
2:24:04
Bolted.
2:24:04
So and okay.
2:24:07
Using 2020 water bill data, is that where you are?
Jordan Paige
2:24:09
Yes, sir.
James F. Gennaro
2:24:10
Okay.
2:24:10
Go ahead.
Jordan Paige
2:24:11
Using 2020 water bill data, we found 82% of apartment buildings that pay meter water bills were billed less than those in the MCP per apartment.
2:24:21
The MCP rate in 2020 was about $1000 per apartment.
2:24:26
MCP properties are typically larger older apartment buildings.
2:24:30
Notably, the Bronx says he has concentration of MCP properties and also any nicer properties armed road in the MCP.