9 NYCRR § 2502.4 — Adjustment of legal regulated rent (Emergency Tenant Protection Regs., via Cornell LII)

Citation
9 NYCRR § 2502.4 — Adjustment of legal regulated rent (Emergency Tenant Protection Regs., via Cornell LII)
Jurisdiction
New York (state)
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Original Source
https://www.law.cornell.edu/regulations/new-york/9-NYCRR-2502.4 ↗

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(ii) Submetering: Where the conversion is to
submetering of electricity, with the tenant purchasing electricity from the
owner or a contractor retained by the owner, who purchases electricity from a
utility at the bulk rate, such Schedule of Rent Reductions is based on the
median monthly cost of electricity to tenants derived from data from the United
States Census Bureau's "New York City Housing and Vacancy Survey," as tabulated
by the New York City Rent Guidelines Board, 1 Centre Street, Suite 2210, Suite
202, New York, New York, and available on its website at
rentguidelinesboard.cityofNew York.us, adjusted to reflect the bulk rate for
electricity plus a reasonable service fee for the cost of meter reading and
billing, based on the maximum estimated fee included in the "Residential
Electric Submetering Manual" revised October 2001, published by the New York
State Energy Research and Development Authority, 17 Columbia Circle, Albany,
New York, and available on its website at www.nyserda.org, and further adjusted where
appropriate to reflect differences in electric rates outside New York City, and
reflected in Operational Bulletin 2014-1. The owner or contractor retained by
the owner is not permitted to charge the tenant more than the bulk rate for
electricity plus a reasonable service charge for the cost of meter reading and
billing. The charge for electricity as well as any related service surcharge is
not part of the legal regulated rent and is not subject to this Subchapter. The
resolution of any dispute arising from the billing or collection of such charge
or surcharge is not within the jurisdiction of the Division. A conversion to
submetering does not require rewiring the building provided the owner submits
an affidavit sworn to by a licensed electrician that