If you’ve heard the phrase “smart meter” being tossed around a lot lately, you may be wondering what all the hullabaloo is about.
One of the exciting things about ComEd’s upgrades to the power grid is the potential for consumers to take advantage of unique money-saving pricing programs like Peak Time Savings (PTS).
Enrollment begins today for the risk-free program that rewards participants with bill credits for reducing power usage on certain high-demand summer days.
So how does it all work?
Beginning summer 2015, enrolled participants will earn a credit on their electric bill for lowering power usage during certain “Peak Time Savings periods” when summer electricity demand is highest. Participants will be alerted ahead to time about these periods–which will typically occur for a few hours between 11 a.m. and 7 p.m.–via text, email or phone call.
After that, it’s simple: Put off loading that dishwasher or vacuuming the rug until the Peak Time Savings period is over to earn money back on your next bill. (ComEd will reward a $1 credit for every kilowatt-hour saved, which will be determined based on a customer’s previous usage.)
It’s a great way to save money, increase energy efficiency, and positively impact the entire power grid.
If you have a digital smart meter, you can enroll through April 15 to begin the program in the summer of 2015. You can still enroll after April, but you won’t be able to participate until summer of 2016.
To enroll, call ComEd at 1-844-852-0347 or visit www.ComEd.com/pts.
More questions? Read CUB’s frequently asked questions on Peak Time Savings.
