ComEd is asking for a decrease of $6 million in the amount it charges customers for the delivery of electricity compared to the rates in effect in January of this year.
If approved, the request will decrease the average total monthly residential bill by 38 cents, bringing the average monthly residential bill down to about $83, which would be lower than ComEd residential customer bills in 2008.
The filing made today with the Illinois Commerce Commission (ICC) is the fourth decrease in nine rate requests since the Energy Infrastructure Modernization Act (EIMA) or “Smart Grid Law” was enacted in 2011.
While lower natural gas prices generally have helped to lower consumers’ electricity bills in Illinois and throughout the nation, the improved performance of the ComEd system is creating savings that are passed on to customers and helping keep bills stable, according to ComEd CEO Joe Dominguez.
Since 2012, ComEd has avoided more than 11 million customer interruptions, due in part to distribution automation or digital “smart switches” that automatically reroute power around potential problem areas. ComEd’s average residential monthly usage was 608 kWhs in 2018, down from 694 kWhs in 2008 when ComEd launched its energy efficiency program, which has saved customers more than $3 billion.
ComEd’s 2019 revenue request includes costs associated with growth in new business for commercial and industrial expansion in new data centers and distribution centers. Also included are new energy efficiency technologies, such as voltage optimization (VO), which helps the utility deliver a more precise amount of electricity, reducing costs, energy consumption, and carbon emissions.
Last year, ComEd achieved an overall reliability rate of 99.97, the highest in company history and ComEd customer satisfaction reached an all-time high. Additionally, in 2018 customers saw record reliability in the city of Chicago, where the frequency of outages has been reduced by nearly 60 percent since 2012.