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New year, new electric rates

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ComEd introduced a $340 million rate hike starting in 2014. With your help, we are challenging the increase with a “petition for rehearing.” But in the meantime, we want you to know about the new rates you’ll be seeing on your bill.

The increase is part of a state law to pay for the $2.6 billion upgrades to the power grid, which will take place over the next decade. It should affect only your delivery charges—what you pay ComEd to distribute electricity to your home—not the supply charge. Your delivery charge, which accounts for roughly 1/3 to 1/2 of your bill, is broken down into the customer charge, the distribution delivery charge, and the meter charge.

The average household bill will increase by about $5.50 per month, according to ComEd.

Here are the new delivery charges:

Single family homes without space heat
Monthly Customer Charge: $15.37/month
Distribution Facilities Charge:2.376 cents/kWh
Standard Metering Charge: $3.32/month

Single Family homes with space heat
Monthly Customer Charge: $17.45/month
Distribution Facilities Charge: 1.13 cents/kWh
Standard Metering Charge: $3.32/month

Multifamily homes without space heat
Monthly Customer Charge: $8.18/month
Distribution Facilities Charge: 3.09 cents/kWh
Standard Metering Charge: $3.32/month

Multifamily homes with space heat
Monthly Customer Charge: $9.14/month
Distribution Facilities Charge: 1.429 cents/kWh
Standard Metering Charge: $3.32/month

For more information, check out CUB’s fact sheet, Making Sense of Your Electric Bill. Also, visit Cub Energy Saver, CUB’s free service that has been showing people how to cut their utility bills by about $100 a year.