ICC Approves ComEd Request to Lower Rates by $24 Million in 2019
Move Means Decrease to Customer Bills
The Illinois Commerce Commission (ICC) approved on Tuesday ComEd’s request to lower delivery service charges by $24 million,
which will lower customers’ bills beginning in January 2019.
ComEd has significantly upgraded reliability and has reduced the frequency and duration of outages by nearly 50 percent since
the start of the smart grid program in 2012. Despite its investments to improve reliability and modernize the grid, this is the
third time ComEd has requested a rate decrease.
“This is more good news for our customers," said
Joe Dominguez, CEO, ComEd. "Through our smart grid investments and other initiatives, we’re transforming the energy
infrastructure in our region, and we’re doing this work with a strong focus on efficiency and cost management to keep service
affordable and provide superior value for customers.”
Ten years ago, as new rates took effect in September 2008, the average residential customer bill was approximately $85; in
January 2019, it will be approximately $84. Adjusted for inflation, ComEd’s average residential bill has declined about 14 percent
over that period. ComEd’s per kilowatt-hour residential rates trend below the average across the entire U.S., including 11 percent
below rates in the top 20 and 17 percent below the top 10 U.S. cities by population as of June 2018.
The approved request covers costs of installing more than 330,000 smart meters this year, completing ComEd’s deployment of 4
million smart meters, which enable customers to better control energy consumption and costs. Also included are costs for expanding
new customer data and distribution centers and new technologies, such as voltage optimization, which enables more precise and
efficient energy usage while improving power quality.
Today’s digital grid enables ComEd to empower customers to save money and energy through new solutions created by the Future
Energy Jobs Act (FEJA) that took effect in 2017. FEJA authorizes ComEd to invest $1.4 billion over four years in programs that will
result in $7 billion in savings for business and residential customers and eliminate 95 billion pounds of carbon emissions. ComEd
has already introduced 30 new programs, many of which help improve the energy efficiency of public sector properties, such as K-12
schools and municipal buildings.
ComEd is a unit of Chicago-based Exelon Corporation (NYSE: EXC), a Fortune 100 energy company with approximately 10 million
electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 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.
ComEd Media Relations
312-394-3500
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