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AGENCY TESTIMONY

Comparison of metered and MCP billing

2:23:46

·

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.

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Water billing structures in NYC

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Implications of MCP billing