ComEd Preps Customers for Summer with Money-Saving Smart Meter Program
March 02 2017 - 11:00AM
Business Wire
Customers Can Sign Up for ComEd’s Peak Time
Savings Program and Earn Credits on Their Bill
Saving money and earning a bill credit during the summer can be
easy for customers who have smart meters and are enrolled in
ComEd’s Peak Time Savings (PTS) program. PTS is an industry-leading
program that essentially pays customers for using less energy on
hot days when energy use is high.
Through PTS, ComEd customers can earn a credit that will be
applied to their bill when they voluntarily reduce their
electricity usage during Peak Time Savings Hours which typically
occur for a few hours between 11 a.m. and 7 p.m. during the hottest
days of the summer.
ComEd notifies PTS participants on the day when Peak Time
Savings Hours will occur, as early as 9 a.m. or at least 30 minutes
prior to the start. Notifications arrive via phone call, text
message or email, or any combination of the three.
Customers who reduce electricity during Peak Time Savings Hours,
compared to what they typically would have consumed, earn $1 for
every kilowatt hour (kWh) of energy saved. Since the program launch
in the fall of 2014, participants have received more than $1.2
million in bill credits – credits that appeared as actual dollars
off their total amounts due. Enrolling in PTS is easy, but a smart
meter is required. Customers can visit ComEd.com/PTS to see if
they’re eligible, to learn more about the program or to enroll.
“The PTS program is made possible through smart meters and it’s
putting real dollars back into the pockets of our customers,” said
Val Jensen, senior vice president of Customer Operations. “We look
forward to continuing to leverage smart meter technology to provide
our customers with even greater control over their energy use.”
According to a 2015 study conducted in conjunction with
Citizen’s Utility Board and the Environmental Defense Fund, the PTS
program reduced greenhouse gas emissions by 10 percent by comparing
the reduced energy loads of a sample of PTS customers with those of
similar customers who did not participate in the program. To date,
ComEd has installed more than 2.7 million smart meters in homes and
businesses. The company will complete the installation of 4 million
smart meters throughout the service territory by the end of 2018.
Smart meters are part ComEd’s smart grid investment program that
has helped produce record power reliability and customer
satisfaction results.
In addition to programs like PTS, ComEd also manages one of the
largest energy efficiency programs in the nation. The ComEd Energy
Efficiency Program has saved customers more than $2 billion in
energy costs since it launched in 2008. Home and business owners
can take advantage of the energy efficiency programs.
For more information about ways to save energy and money, please
visit www.comed/waystosave.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based
Exelon Corporation (NYSE: EXC), the nation’s leading competitive
energy provider, with approximately 10 million customers. ComEd
provides service to approximately 3.9 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.
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ComEd Media Relations312-394-3500
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