It has been over a year since our last review of Toronto's Energy Retrofit program, so we thought we'd do an update. Below are three tables:
These are results of the Energy Retrofit Program published by the City of Toronto on its website, or other documentation that we obtain. We will make an attempt in each case to cite references that verify the stated outcomes.
These are actions mandated by the administrative guidelines and contracts either for the City or for the various contractors involved.
These are source documents used to establish the outcomes, the actions, or the mandates listed.
In addition we have tried to piece together a table of shifting budget allocations for the program.
As of this writing, we are in the process of refining these tables with a view to making them as precise and measurable as possible.
This web page promises that the arenas energy retrofit project will save the City $1.25 million a year on utility costs and reduce the amount of greenhouse gases produced by the City's arenas by 15 per cent
A Framework for Establishing an Energy Retrofit Program and Financing Strategy
Projects to be considered for funding each year will be submitted as part of the City’s annual budget review process and will go through the various stages of budget review and approval – EMT/Standing Committee/Council review and approval and quarterly variance reporting (p2)
the financing costs for any Energy Retrofit Program projects approved by Council shall be charged to the related program operating budget in accordance with the procedures described herein; (p.2)
The Energy Retrofit Program will be set up as a separate Capital Program Budget comprised of interdepartmental projects. (p.10)
This should result in vouchers listing the financing costs charged to the operating budgets of the recipients of loans for the programs.
This should result in budget requisitions and approvals.
This should provide availability of a list of projects
A detailed business case is to be submitted for each project
Projects will be evaluated and ranked using payback and net present value based on the following criteria... (included in report)
only projects that have gone through an initial stage consisting of an energy audit and/or incorporating a third party guarantee will be considered for funding
Each program will be responsible for monitoring and reporting energy consumption and associated savings through the City’s quarterly variance reporting.
Each program will be required to budget for an expenditure item in its operating budget for annual debt service payments for the energy retrofit project equal to annual operating savings established at the outset of the energy retrofit project
When project financing has been fully repaid, the amount of the annual operating savings will be deposited into an account by Finance