Business
ComEd Launches New Delivery Time-of-Day Rate to Help Customers Manage Energy Costs
Customers pay a reduced delivery charge on their ComEd bill when they adjust their electricity usage away from peak-usage periods CHICAGO--(BUSINESS WIRE)--
About this update from Exelon Corporation
[{"type":"text","content":"\nCustomers pay a reduced delivery charge on their ComEd bill when they adjust their electricity usage away from peak-usage periods\n\n\n CHICAGO--(BUSINESS WIRE)--\nComEd has introduced a new option for residential customers designed to help them better manage energy use and lower costs. ComEd’s Delivery Time-of-Day (DTOD) pricing rate enables households to reduce expenses by shifting their energy consumption to periods when electricity rates are lower and demand is reduced. Additionally, this program provides electric vehicle (EV) owners with the potential to earn bill credits.\n\n\nDTOD, developed in accordance with the Illinois Climate and Equitable Jobs Act (CEJA), introduces a rate structure where electricity delivery charges change based on the time of day power is used. In contrast, standard electric rates charge customers the same price per kilowatt-hour at any time. Additionally, DTOD customers who enroll their EVs can receive bill credits of $2 per vehicle each month for up to 24 months, with a limit of two vehicles per household.\n\n\nComEd’s DTOD rate applies to Delivery costs, which represent one of three primary components on a ComEd bill, alongside Supply and Taxes and Other Fees. Electricity delivery charges account for approximately 30% of a residential customer’s total monthly bill. Later this year ComEd plans to implement a unified time-of-day rate that applies to both Delivery and Supply services, the latter of which has been partly impacted by supply-demand imbalances that influence nearly half of energy bills and are passed on to customers without profit from ComEd.\n\n\n“ComEd is doing all we can to reduce costs for families,” said Gil Quiniones, president and CEO of ComEd. “Delivery Time-of-Day pricing is our latest effort to prioritize affordability and security on behalf of the customers in the communities we are privileged to serve.”\n\n\nDTOD pricing periods\n\n\nDTOD enrollees pay less for delivery during off-peak hours, like overnight, and more during peak times, such as mornings and afternoons.\n\n\n\n\nMorning\n\n\n\n\n\n\n6 a.m. to 1 p.m.\n\n\n\n\n\n\n\n\nMid-Day Peak\n\n\n\n\n\n\n1 p.m. to 7 p.m.\n\n\n\n\n\n\n\n\nEvening\n\n\n\n\n\n\n7 p.m. to 9 p.m.\n\n\n\n\n\n\n\n\nOvernight\n\n\n\n\n\n\n9 p.m. to 6 a.m.\n\n\n\n\n\n\n\nA customer’s actual rates for each period will be determined by their deli...