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Share Name | Share Symbol | Market | Type |
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Exelon Corp | NYSE:EXC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 48.80 | 0 | 01:00:00 |
ComEd encourages customers to take advantage of energy management tools to control energy usage
With more than 1.4 million smart meters installed in northern Illinois, customers with smart meters can leverage smart meter-enabled tools and pricing programs to help them manage their energy usage and save money on electric bills. Customers with smart meters can access ComEd’s online energy management tools, sign up for high-usage alerts, receive weekly usage reports summarizing daily electricity use, enroll in ComEd’s Peak Time Savings program and more to enjoy the benefits smart meters have to offer.
“As we continue to deploy smart meters across northern Illinois, these investments are providing more customers with greater opportunities to manage their energy use,” said Val Jensen, senior vice president of Customer Operations, ComEd. “Innovative smart meter-enabled programs like Peak Time Savings allow customers to voluntarily reduce their energy use when the costs for electricity are typically higher due to greater demand. Programs like this are even more valuable during the summer, when people generally use more electricity to cool their homes and businesses,” said Jensen.
The smart grid law passed by the Illinois General Assembly in 2011 opened the doors for ComEd to modernize its 100-year old system and provide customers with improved reliability while also enhancing economic development in Illinois and building smart infrastructure for the future. As part of this $2.6 billion modernization program, all of ComEd’s nearly four million customers will receive smart meters by the end of 2018. With a smart meter, customers can see how much electricity they use and make changes in the way they use energy. In addition, smart meters automatically send electricity-usage information to ComEd eliminating the need for estimated bills and reducing operating costs that become savings on customer electric bills. Once fully deployed in 2018, the high-tech meters will also immediately alert the company to power outages.
Customers with smart meters can take advantage of ComEd’s smart meter-enabled tools and make a direct impact on their electric bills.
ComEd also manages one of the largest energy efficiency programs in the nation. The ComEd Smart Ideas Energy Efficiency Program has saved customers more than $1 billion. Home and business owners can take advantage of the program that offers a variety of ways to cut energy use and costs including easy energy savings tips such as:
The utility continues to look for ways to deliver more savings to customers directly and through the market. Other measures implemented by ComEd to help customers save money and manage their energy bills include a $50 million reduction in customers’ delivery rates, which will go into effect in January of 2016. Another example is a recent regional energy auction in which ComEd’s energy efficiency programs cleared $57 million for the 2018-19 procurement year; ComEd will pass along these savings to our customers.
Recent legislation supported by ComEd, known as ComEd’s Future Energy Plan, builds on the benefits of the smart grid to expand support for renewable energy in Illinois and ensure that energy consumers and the state economy will continue to benefit from affordable power, a more secure and resilient grid and innovation that is establishing Illinois as a leader for a greener, cleaner future.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon Corporation (NYSE: EXC), the nation’s leading competitive energy provider, with approximately 7.8 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150904005498/en/
ComEd Media Relations(312) 394-3500www.ComEd.com/News
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