A voluntary ComEd program that charges participants an electricity rate that can change hourly set a record for savings in 2023, according to a report filed with the Illinois Commerce Commission (ICC). The Hourly Pricing program saved participants a total of $12.4 million in 2023, which was more than the…...
Q&A: Hourly Pricing and price spikes
What is ComEd’s Hourly Pricing program? Under traditional rates, people pay a flat amount for electricity supply that changes only a few times a year. Hourly Pricing is an alternative pricing plan in which participants pay a supply rate that is subject to more immediate market conditions and can change…...
ComEd’s Hourly Pricing: How to calculate the customer capacity charge
Want to know your capacity charge before signing up for ComEd’s Hourly Pricing program? Here’s how to calculate it: 1. Go to this page: https://secure.comed.com/MyAccount/MyService/Pages/UsageDataTool.aspx, choose “View Summary Data Online,” and “Add” the individual’s ComEd account number. 2. Click “View Usage Data” and it’ll take you to a results screen showing vital…...
Help the environment and cut your costs with ComEd’s Time-of-Day pricing program
With the introduction of smart meters across Illinois, consumers have more options when it comes to how they use and pay for electricity. ComEd’s new Time-of-Day Pricing Program—which charges different electric rates during different periods of the day—is one such option. So how does the Time-of-Day program work? Most customers…...
Real-Time Pricing: Another way to save–just ask CUB staffers
Most people pay an electricity rate that only changes a few times a year, but real-time pricing offers a different way to pay for electricity. Instead of charging a standard price per kilowatt-hour, the utility charges program participants a supply rate that changes each hour. ComEd offers real-time pricing through…...
Win for consumers and energy innovation: IL launches dynamic-pricing pilots
Environmental Defense Fund (EDF) and the watchdog Citizens Utility Board (CUB) praised Illinois regulators for two major rulings this fall that launch innovative dynamic-pricing pilot projects for customers of the state’s biggest electric utility. The projects place Illinois among the leading states for developing clean energy tools that empower customers…...
