CHICAGO--(BUSINESS WIRE)--Summer has officially arrived and lower energy supply prices, as well as more than 40 energy efficiency programs that make up ComEd’s Smart Ideas offerings are helping to provide relief on seasonal energy bills for ComEd customers.
The annual energy supply rates decreased this month and are saving customers, who purchase their electricity from ComEd, approximately $4 off their average monthly bills through May of next year. Energy supply rates are what customers pay for the electricity they consume. ComEd passes along the cost of energy supply to customers without profit or mark-up. In addition, ComEd’s 2016 delivery rate decrease, which goes through the end of December of this year, means residential customers are currently paying about $1 less per month for their monthly delivery costs compared to 2015. The delivery charge is what it costs to transport electricity from the transmission system to homes and businesses.
“Residential energy supply charges are updated annually in June. The recent decrease in supply costs, coupled with taking advantage of one or more of our energy efficiency plans, offers ComEd customers even more opportunities to achieve savings on their electric bills this summer,” said Val Jensen, senior vice president of Customer Operations, ComEd.
ComEd’s Smart Ideas Energy Efficiency Program® is one of the largest efficiency programs in the nation and offers a suite of solutions to home, apartment and business owners. The program launched in 2008 and has produced more than $1.5 billion in savings on customer’s electric bills.
Customers with smart meters also can take advantage of programs like Peak Time Savings, in which program participants who voluntarily reduce energy usage during the Peak Time Savings hours will earn credits that appear in the form of dollars off on their next electric bills. And ComEd is partnering with Nest® to offer customer incentives of up to $40 for ComEd customers who enroll in Nest’s Rush Hour Rewards™ program. This smart thermostat program allows ComEd to reduce electricity demand on the hottest days of the summer through remote adjustment of thermostat settings.
To learn more about energy-saving programs customers can visit www.comed.com/home-savings.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon Corporation (NYSE: EXC), the nation’s leading competitive energy provider, with approximately 10 million customers. ComEd provides service to approximately 3.8 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com, and connect with the company on Facebook, Twitter and YouTube.
