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Tenants Get Energy Flexibility

February 13, 2009

CHICAGO - MedBed has introduced a new program in Chicago to allow tenants to better control their apartment environment. More specifically, to control the temperature of their apartment, which is included in MedBed rents.

MedBed has previously had strict rules on where thermostats should be set. With the new technology, those same rules apply, but tenants now have the option to "buy" the temperature up in the winter or down in the summer past the included limits.

Any costs associated with the buy up or buy down get spread amongst flat-mates in a particular apartment. The current heating temperature limit is 70 degrees and the current cooling limit is 72 degrees. Tenants can purchase an additional degree for $30-40 per degree depending on the apartment. There are no plans to offer discounts for decreasing the temperature at this point in time.

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