Record Enrollment in ComEd’s Smart Meter-Enabled Savings Program
June 02 2016 - 3:25PM
Business Wire
When it gets hot this summer, nearly 160,000
ComEd customers enrolled in Peak Time Savings Program can power
down to save cash
The beginning of June marks the start of summer savings for
ComEd customers who signed up for the smart meter-enabled Peak Time
Savings program. This year nearly 160,000 ComEd customers are
taking advantage of Peak Time Savings - record enrollment since the
program began in 2014 - and from June 1 through September 30,
program participants who voluntarily reduce energy usage during the
Peak Time Savings hours will earn credits that appear in the form
of dollars off on their next electric bill.
During the summer of 2016, 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. There is no penalty
for not participating and customers can still participate in future
Peak Time Savings Hours.
More than 52,000 customers saved $385,000 in just a few short
hours last summer by reducing their electricity usage during high
electric demand periods. ComEd is the first utility in the Midwest
to offer this program to 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.”
Customers can voluntarily reduce their electricity use during
Peak Time Savings Hours by cutting back on usage, such as doing
laundry or running the dishwasher at 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.
As part of the Smart Grid Law, ComEd will install more than four
million smart meters throughout its service area by the end of
2018. More than 2.3 million smart meters have been installed in
homes throughout ComEd’s 11,000-square-mile territory, giving the
majority of ComEd customers the opportunity to participate in this
innovative program.
While enrollment for the summer 2016 program, which runs June 1
through September 30, is closed, customers are encouraged to sign
up for the 2017 season by visiting ComEd.com/PTS. 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,
please visit ComEd.com/PTS.
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 3.8 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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version on businesswire.com: http://www.businesswire.com/news/home/20160602006464/en/
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