Participate in ComEd's Hourly Pricing Program
Individual cost savings are not guaranteed and will vary month to month based on weather, market conditions, and usage habits. However, the more participants avoid using electricity when hourly prices are high, the more they can potentially save with Hourly Pricing. Program participants like you will have access to hourly prices, and will receive high price notifications and alerts in addition to other useful information.
What is it?
Thousands of households have saved on electricity with ComEd’sHourly Pricing program. Typical program participants have saved an average of more than 15 percent on their electricity supply costs compared to what they would have paid on the standard ComEd fixed-price rate.
How it works?
ComEd’s Hourly Pricing program lets you pay a rate based on hourly market prices for electricity. You can manage your costs by running appliances like the dishwasher when the price of electricity is lower, such as nights and weekends.
If you monthly electric bill is greater than $50 (apartment) or $70 (house), then Hourly Pricing could be a good option. The program can be particularly beneficial for people who heat their homes with electricity, own an electric vehicle, or are able to shift electricity use to off-peak times.
Other Potential Benefits
||Helps reduce carbon emissions that contribute to global warming.|
||Helps ease stress on the power distribution system during high demand periods.|
Meter Exchange, Participant Charge and Program Commitment
Enrollment in this innovative program requires the installation of an electric meter capable of measuring and recording electric usage in hourly intervals. Other than your current monthly standard metering charge, there is no additional monthly meter lease fee for this hourly recording meter and you will not pay a fee for exchanging the meter. The exemption from the monthly meter lease fee and the meter exchange fee only applies to the first meter. If a customer has more than one meter participating in the program at their premises, this customer is subject to a regular monthly meter lease fee and a meter exchange fee for each additional hourly recording meter. Each meter associated with your ComEd account must be exchanged for an hourly recording meter in order to participate in the Hourly Pricing.
Effective with the July 2012 monthly bills, Hourly Pricing participants will be charged an additional fee of $0.39 per month to participate in the program. This fee is subject to change as allowed by the Illinois Public Utilities Act.
Hourly Pricing participants must also remain in the program for at least 12 consecutive monthly billing periods. Thereafter, participants are free to leave the program if they wish..
Load Guard Automated Price Response Service
Additionally, Hourly Pricing participants who have central air conditioning units, Internet access, and participate in ComEd Central A/C Cycling can also participate in the Hourly Pricing program's Load Guard Automated Price Response Service. Load Guard is an innovative "set-and-forget" feature that is designed to automatically cycle a participant's central air conditioning unit "off and on" during high priced summer days. Participants can select a target price level— either 10¢ or 14¢ per kWh—that, once hit, will switch their central air conditioner into a conservation mode for a two-hour period.
To Learn More
You can receive additional information and sign up for the Hourly Pricing program and Load Guard by visiting the program's website at Hourly Pricing, or by calling a program representative at 888-202-RRTP (7787). Prior to enrolling, we recommend that you review the frequently asked questions on the Hourly Pricing program's website and review the Hourly Pricing Program Guide (pdf) to Hourly Pricing, which includes information on how to understand your Hourly Pricing bill.