LL88 & Lighting Upgrade Projects
As the Local Law 88 (LL88) filing deadline passed on May 1, 2025, it’s a good time to reflect on what the law required, how compliance was achieved, and what comes next for properties planning future lighting upgrades.
LL88 was introduced alongside the Greener, Greater Buildings Plan to reduce energy consumption in New York City’s largest buildings. The law required properties over 25,000 square feet to ensure that all commercial and common area lighting met current energy code standards and that large tenant spaces (over 5,000 square feet) were individually submetered.
Although the compliance deadline has now passed, many property owners are continuing lighting upgrade projects throughout 2025 to capture energy savings and operational benefits. LEDs, occupancy sensors, and smart controls not only reduce electricity consumption but also improve tenant comfort and extend fixture lifespan.
Upgrading lighting can deliver a strong return on investment (ROI) — typically with paybacks of two to four years, depending on fixture type and usage. Projects that pair lighting retrofits with building automation or motion-based controls often qualify for utility incentives that further reduce capital costs.
Properties that missed the filing deadline should act quickly to complete upgrades and file their final report with the Department of Buildings (DOB). Late compliance can still be achieved, but owners may be subject to violations or civil penalties if work remains outstanding.
Aurora Energy Advisors continues to assist clients with post-deadline filings, coordinating with engineers and contractors to ensure final documentation meets DOB requirements while maximizing available energy savings.
Market Analysis
Natural Gas
Natural gas prices remained relatively stable through June, with NYMEX trading in the $2.30–$2.50 per MMBtu range. Mild early-summer temperatures kept cooling demand moderate, while high production and storage levels provided a steady supply buffer.
Electricity
NYISO Zone J averaged around $0.04 per kWh for June, though pricing rose briefly during late-month heat waves. Demand for air conditioning drove short-term peaks, but overall grid reliability remained strong.
Crude Oil
Crude oil futures traded between $78 and $83 per barrel in June, supported by OPEC+ production cuts and growing summer travel demand. Prices are expected to stay within this range unless major geopolitical disruptions occur.
💡 Mitchell’s Tip: Continue investing in lighting efficiency — it’s one of the fastest, most cost-effective ways to lower energy costs and emissions.
