July 2021 - Quarterly Market Letter
On behalf of the team at 5, I am pleased to forward our market letter for the second quarter of...
House Bill 3693 (HB 3693) was passed by the Texas Legislature and signed into law in 2007. This legislation was intended to help school districts, certain institutions of higher education, and executive branch state agencies to reduce their annual electricity consumption and become more energy efficient.
Specifically, HB 3693 requires these institutions to purchase equipment and appliances that meet or exceed federal energy standards whenever those purchases are cost-effective. This legislation also requires these entities to post an annual report on their website that documents the quantities of electricity, natural gas, and water that are consumed each year, and the amount that is paid for their aggregate utility costs. The HB 3693 reports are intended to inform the administrators of these public entities of how their energy usage is trending over time and to identify opportunities to become more energy efficient.
5 has helped more than 100 public entities across Texas and advised them on ways to become more energy efficient. 5’s engineers, analysts, and advisors have partnered with these public sector clients to identify opportunities to reduce their energy consumption and assist with the reporting requirements associated with HB 3693.
Contact Us to learn how we can help your organization to satisfy the requirements of Texas HB 3693.