ComEd Launches Peak Time Savings; Open for Customer Enrollment
October 06 2014 - 11:52AM
Business Wire
Smart meter-enabled program rewards customers
for reducing their electricity use during peak usage times
Today ComEd announced the launch of its smart meter-enabled
program called Peak Time Savings, which saves customers money by
applying a credit to their bill for reducing electricity usage
during high demand periods. ComEd is the first utility in the
Midwest to offer this program to customers, and enrollment is now
open for residential ComEd customers whose homes have been fitted
with a smart meter.
“The Peak Time Savings program is another way our smart meter
technology is bringing value to our customers,” said Val Jensen,
senior vice president of Customer Operations, ComEd. “Smart meters
are at the heart of what we believe will become the electricity
network of the future and we will continue to use smart grid
technology as a platform to explore innovative solutions to provide
customers with reliable electric service and more options on
managing their electricity use and costs.”
How can customers participate in Peak
Time Savings?
During the summer of 2015, ComEd will announce Peak Time Savings
Hours on days when electricity is most in demand. Peak Time Savings
Hours will typically occur for a few hours between 11 a.m. and 7
p.m. on three to five days during the summer.
Customers can voluntarily reduce their electricity use during
Peak Time Savings Hours by managing electricity use, such as doing
laundry during off-peak times, turning up the A/C a few degrees, or
turning off lights when leaving a room. Customers can earn a $1
credit on their electric bill for every kilowatt-hour (kWh) of
electricity reduced during Peak Time Savings Hours. These credits
will appear on their electric bill as actual dollars off the total
amount due. This program can help customers save energy and money,
while also benefiting the environment by lessening the impact of
energy use during high-demand periods.
Peak Time Savings is part of ComEd’s SmartGridExchangeSM
initiative, a long-term collaborative effort between ComEd,
technology companies, universities and customers to spur innovation
that will shape what the electric grid of the future will offer
customers.
Under its Smart Grid plan, ComEd will install more than four
million smart meters throughout its service area by the end of
2018. Currently more than 400,000 smart meters have been installed
in homes in the Chicago area, giving those ComEd customers the
opportunity to participate in this innovative program.
ComEd’s Peak Time Savings program is available to customers who
have ComEd as their energy delivery provider, who are not currently
participating in Smart Ideas Central AC Cycling and are not on a
Net Metering program with ComEd or other electric supplier.
For more information on ComEd’s Peak Time Savings program, or to
enroll, please visit ComEd.com/PTS or call 844-852-0347.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based
Exelon Corporation (NYSE: EXC), the nation’s leading competitive
energy provider, with approximately 6.6 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.
ComEd Media Relations(312) 394-3500www.comed.com/news
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