Peak Time Savings is a program from ComEd that pays customers back for using less electricity. ComEd will credit your electric bill when you reduce your electricity use during Peak Time Savings events, which typically occur for a few hours between 11 a.m. and 7 p.m. – when most air conditioners are on, stores are open and factories are running.
Customers in homes with smart meters and who are not enrolled in conflicting programs are eligible to participate. Additionally, if you are a net metering customer, you are not eligible to participate in the PTS program because you are already reimbursed for reducing your electric usage.
You have a smart meter if the meter number on your bill begins with a '2.' Check the 'Meter Information' box near the top of the back of your bill. Smart meters also have a Silver Spring Networks or Aclara sticker affixed at the top of the face of the meter. Smart meters do not have spinning dials on their faces.
Yes. You can participate regardless of who supplies your electricity.
ComEd is offering this program to encourage customers to use less energy during times when it is most in demand. This can help reduce the need for fossil-fuel power plants, lowering the emissions that would otherwise be released into the atmosphere.
Smart meters are a key part of ComEd's effort to modernize the electric system and provide you with better service and a stronger, more reliable smart grid.
Standard SMS rates may apply from your mobile service provider. If you no longer want to receive text alerts, simply respond to any text alert, notice and/or promotional offer you receive by texting back the word STOP.
The Peak Time Savings summer season occurs between June 1 and September 30 of every year.
There are typically two to four Peak Time Savings Hours during the summer season, they usually last a few hours between 11 a.m. and 7 p.m.
There is no penalty for not participating and you can still participate in future Peak Time Savings events in order to earn bill credits.
When you enroll, you can choose to be notified by phone call, text message or email. You will be notified on the day when Peak Time Savings events will occur - as early as 9 a.m. or at least 30 minutes prior to the start of an event.
ComEd uses a formula based on your typical usage history to predict how much energy you would normally have used during the Peak Time Savings event. After this number is normalized for weather and other variables, ComEd then subtracts the amount of energy that you actually used to determine how much energy you saved. For every kilowatt-hour (kWh) of electricity you save, you will earn a credit of $1.00, which will appear as dollars off your total amount due, on your next ComEd bill or the following bill.
How much you save depends on the actions you take to reduce your usage, the characteristics of your home, and your typical energy use. As an estimate, we expect that most customers will receive a $1 to $12 credit on their bill per Peak Time Savings event when they participate. Log in to ComEd.com/MyAccount to get additional Peak Time Savings tips.
You will be notified via phone call, text message or email (based on your preference) approximately 24 hours after the Peak Time Savings event occurs. You can also log in to ComEd.com/MyAccount to see how much you've earned, and get tips on how to manage your energy use for the next event.