Smart Meter-Enabled Tools Put the Power in Customers Hands and Greater Control of Electricity Costs
September 04 2015 - 11:03AM
Business Wire
ComEd encourages customers to take advantage of
energy management tools to control energy usage
With more than 1.4 million smart meters installed in northern
Illinois, customers with smart meters can leverage smart
meter-enabled tools and pricing programs to help them manage their
energy usage and save money on electric bills. Customers with smart
meters can access ComEd’s online energy management tools, sign up
for high-usage alerts, receive weekly usage reports summarizing
daily electricity use, enroll in ComEd’s Peak Time Savings program
and more to enjoy the benefits smart meters have to offer.
“As we continue to deploy smart meters across northern Illinois,
these investments are providing more customers with greater
opportunities to manage their energy use,” said Val Jensen, senior
vice president of Customer Operations, ComEd. “Innovative smart
meter-enabled programs like Peak Time Savings allow customers to
voluntarily reduce their energy use when the costs for electricity
are typically higher due to greater demand. Programs like this are
even more valuable during the summer, when people generally use
more electricity to cool their homes and businesses,” said
Jensen.
The smart grid law passed by the Illinois General Assembly in
2011 opened the doors for ComEd to modernize its 100-year old
system and provide customers with improved reliability while also
enhancing economic development in Illinois and building smart
infrastructure for the future. As part of this $2.6 billion
modernization program, all of ComEd’s nearly four million customers
will receive smart meters by the end of 2018. With a smart meter,
customers can see how much electricity they use and make changes in
the way they use energy. In addition, smart meters automatically
send electricity-usage information to ComEd eliminating the need
for estimated bills and reducing operating costs that become
savings on customer electric bills. Once fully deployed in 2018,
the high-tech meters will also immediately alert the company to
power outages.
Customers with smart meters can take advantage of ComEd’s smart
meter-enabled tools and make a direct impact on their electric
bills.
- Personalized Energy-Management
Tools are available by logging into your online ComEd account.
Here, customers can access free personalized energy saving tips,
set savings goals, enroll in high-usage alerts which notify
customers when their electricity is trending higher than usual for
their household, and sign up to receive weekly usage reports via
email.
- Peak Time Savings (PTS) helps
customers save by voluntarily reducing electricity use during
designated time periods when energy is most in demand. Currently
more than 58,000 ComEd customers are enrolled in this program where
enrollees can earn $1 credit on their electric bills for every
kilowatt-hour (kWh) of electricity they reduce during PTS hours. On
Sept. 1, ComEd opened Peak Time Savings Hours and as a result,
customers enrolled in this program saved a total of $88,000. ComEd
is the first utility in the Midwest to offer this smart
meter-enabled program to customers.
- The Residential Real Time Pricing
(RRTP) program is an hourly pricing program that allows
residential customers to pay the hourly prices for electricity
which means customers can save by using electricity when prices are
lower. Participants also receive customer support and services to
help manage costs with hourly pricing. Services include real-time
high price alerts, predicted day-ahead high price alerts, an online
bill comparison tool, and information to help guide energy
decisions.
- Energy Insights Online monitors
a building’s electricity consumption and converts this data into
simple, easy-to-understand usage graphs and reports that can be
accessed online. Business customers also have the option of
enhancing their Energy Insights Online energy data access and
visibility with Green Button Connect My Data (GBC). GBC supports
the Energy Insights Online service by enabling business customers
to leverage the Green Button Standard and authorize third party
service providers direct access to their facility’s energy
usage.
- Business Energy Analyzer
analyzes your business’ electricity usage month-to-month or
year-to-year. Business customers can receive personalized energy
efficiency tips based on their usage, identify potential cost
savings and set energy efficiency goals, and understand how their
electricity usage compares with similar businesses.
ComEd also manages one of the largest energy efficiency programs
in the nation. The ComEd Smart Ideas Energy Efficiency Program has
saved customers more than $1 billion. Home and business owners can
take advantage of the program that offers a variety of ways to cut
energy use and costs including easy energy savings tips such
as:
- Program your thermostat. Setting
your thermostat 10 degrees higher in the summer when you leave your
home and before you go to sleep could save you up to 15 percent a
year on cooling costs.
- Maintain Your Air Conditioner.
Cooling your home can be the largest use of energy during the
summer months. Make sure your air conditioning unit is clear of
debris and has a clean air filter. Your air conditioner will last
longer and save energy by working more efficiently.
- Set your fridge and freezer to the
recommended temperature settings. Set your fridge temperature
between 35 and 38 degrees, and your freezer at 0 degrees. Otherwise
you’re just overcooling your food.
- Take advantage of the ComEd Smart
Ideas® Energy Efficiency Program. ComEd offers
customers a suite of solutions, including assessments, rebates,
discounts, and recycling to help them save on their energy bills.
For more information, visit ComEd.com/HomeSavings for residential
customers and ComEd.com/BizSavings for business customers.
The utility continues to look for ways to deliver more savings
to customers directly and through the market. Other measures
implemented by ComEd to help customers save money and manage their
energy bills include a $50 million reduction in customers’ delivery
rates, which will go into effect in January of 2016. Another
example is a recent regional energy auction in which ComEd’s energy
efficiency programs cleared $57 million for the 2018-19 procurement
year; ComEd will pass along these savings to our customers.
Recent legislation supported by ComEd, known as ComEd’s Future
Energy Plan, builds on the benefits of the smart grid to expand
support for renewable energy in Illinois and ensure that energy
consumers and the state economy will continue to benefit from
affordable power, a more secure and resilient grid and innovation
that is establishing Illinois as a leader for a greener, cleaner
future.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based
Exelon Corporation (NYSE: EXC), the nation’s leading competitive
energy provider, with approximately 7.8 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.
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