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For Immediate Release
ComEd Media Relations
Customers can use new and existing tools to save money and energy on their monthly bill
CHICAGO (June 30, 2020) – As people spend more time at home due to the COVID-19 pandemic, ComEd is offering ways to help customers stay comfortable during the summer while managing their energy costs.
Energy usage is usually highest on hot weekdays when customers turn up their air conditioners to stay cool. The following ComEd tools can help customers save energy and money on their monthly bill:
"During this extremely difficult time, we understand it can be challenging to save energy as more people are working and learning from home," said Erica Borggren, vice president of customer solutions at ComEd. "That's why we offer a variety of programs to our customers that empower them to select the best method of savings for their families and lifestyle."
More than 290,000 customers are enrolled in ComEd's Peak Time Savings program, helping save enough energy to power about 60,000 average homes. This summer, more than 200,000 customers have already participated in Peak Time Savings hours and earned $630,000 in bill credits. The program paid customers $4.6 million in bill credits in 2019 and a total of $10.2 million since it launched in 2015.
The ComEd Energy Efficiency Program has saved customers $4.7 billion on their bills and provided $1.3 billion in incentives to customers, eliminating nearly 51 billion pounds of CO2 from the atmosphere. For more information on the ComEd Energy Efficiency Program visit ComEd.com/HomeSavings.
New Time-of-Day Pricing Rate Available to Customers
ComEd's new Time-of-Day Pricing rate also can help customers save money on their energy bill. It offers electricity supply for less than the ComEd fixed-price rate (Rate BES), the default rate ComEd customers pay, for 19 hours each day. Customers who reduce their energy use between 2 p.m. and 7 p.m. – when the cost of electricity is more expensive than Rate BES – and shift their energy use to hours of the day when overall energy demand is lower can save.
Time-of-Day pricing is ideal for customers who typically aren't home during the afternoon hours and convenient for electric vehicle owners who charge their vehicles overnight. Customers can visit ComEd.com/TimeOfDayPricing and use their free, online ComEd account to see their estimated savings and enroll.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit
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