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
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.”
Customers can voluntarily reduce their electricity use during Peak Time
Savings Hours by cutting back on usage, such as doing laundry or running
the dishwasher at off-peak times, turning up the A/C a few degrees or
turning off lights when leaving a room. Customers can earn a $1 credit
on their electric bill for every kilowatt-hour (kWh) of electricity
reduced during Peak Time Savings Hours. These credits will appear on
their electric bill as actual dollars off the total amount due. This
program can help customers save energy and money, while also benefiting
the environment by lessening the impact of energy use during high-demand
As part of the Smart Grid Law, ComEd will install more than four million
smart meters throughout its service area by the end of 2018. More than
2.3 million smart meters have been installed in homes throughout ComEd’s
11,000-square-mile territory, giving the majority of ComEd customers the
opportunity to participate in this innovative program.
While enrollment for the summer 2016 program, which runs June 1 through
September 30, is closed, customers are encouraged to sign up for the
2017 season by visiting ComEd.com/PTS.
ComEd’s Peak Time Savings program is available to customers who have
ComEd as their energy delivery provider, who are not currently
participating in Smart Ideas Central AC Cycling and are not on a Net
Metering program with ComEd or other electric supplier.
For more information on ComEd’s Peak Time Savings program, please visit ComEd.com/PTS.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon
Corporation (NYSE: EXC), the nation’s leading competitive energy
provider with approximately 10 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.
ComEd Media Relations