ComEd Partners with Nest to Offer Customers Energy Savings and Rebates
April 10 2014 - 3:47PM
Business Wire
ComEd today announced it is partnering with Nest® Labs, Inc. to
offer up to $140 in rebates for customers who purchase a Nest
Learning Thermostat™ and participate in its demand response
program. Now through May 31, ComEd customers will receive a $100
rebate from ComEd for signing up to participate in ComEd’s Smart
Ideas® AC Cycling Pilot that features Nest’s Rush Hour Rewards™,
and an additional $40 rebate for participating in the pilot all
summer.
According to ComEd, a central air conditioning system can be one
of the largest users of energy in a home. Demand response programs
such as AC Cycling can use Nest’s Rush Hour Rewards service to help
reduce electricity demand on the hottest days of the summer.
“ComEd is pleased to offer its customers a suite of demand
response and energy efficiency programs that provides a variety of
information, technical and financial resources to help them manage
their energy budget; but it all rests on a simple commitment to
deliver value to our customers,” said Val Jensen, senior vice
president of Customer Operations, ComEd. “By partnering with Nest,
ComEd customers will be able to take advantage of even more tools
and features to better manage their energy usage and save
money.”
How does it work?
With Nest Rush Hour Rewards, temperatures are automatically
adjusted around rush hours, or peak energy times. Depending on what
Nest has learned from the customer’s temperature preferences, it
might raise the temperature by a few degrees during the afternoon
and/or pre-cool a home before the rush hour begins to make sure the
home is reasonably comfortable while using less energy during the
these peak times. The customer is always in control. Customers can
override the temperature by simply changing the setting and Nest
will remember the adjusted temperatures.
With ComEd’s AC Cycling pilot, Nest will send a wireless signal
to adjust the controls on a customer’s air conditioning unit,
automatically helping them reduce electric demand during peak
periods. AC Cycling will only occur from June 1 – Sept. 30 when
needed, such as on the hottest days of the summer.
“ComEd and Nest have a shared vision of providing consumers with
innovative new ways to manage their energy usage,” said Scott
McGaraghan, head of energy products, Nest. “And now through our
partnership, ComEd customers can take advantage of Rush Hour
Rewards -- available exclusively to Nest energy partners – to save
energy and lower their bills.”
The rebates are available from now until May 31, 2014, or to the
first 3,000 enrollments. Customers must purchase and install a Nest
Learning Thermostat in their home to apply for the rebates. For
more information and to apply for the rebate program, visit
Nest.com/ComEd.
For more information on ComEd’s Smart Ideas energy efficiency
programs, please visit ComEd.com/HomeSavings for residential
customers and ComEd.com/BizIncentives for business customers.
Customers can also follow ComEd on Facebook and Twitter for
additional updates and ways to save.
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.
ComEd Media Relations(312) 394-3500www.comed.com/news
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