29. June 2016 · Comments Off on Record Enrollment in ComEd’s Smart Meter-Enabled Savings Program · Categories: News · Tags: , , ,

When it gets hot this summer, nearly 160,000 ComEd customers enrolled in Peak Time Savings Program can power down to save cash

CHICAGO–(BUSINESS WIRE)–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.”

Source: Record Enrollment in ComEd’s Smart Meter-Enabled Savings Program | Business Wire