Press release
ComEd Proposes Discount Program to Reduce Energy Burden for Income-Eligible Customers
Income-based discount to be available as early as 2025, pending regulatory approval CHICAGO--(BUSINESS WIRE)-- ComEd yesterday presented a proposal to the
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[{"type":"text","content":"\nIncome-based discount to be available as early as 2025, pending regulatory approval\n\n\n CHICAGO--(BUSINESS WIRE)--\nComEd yesterday presented a proposal to the Illinois Commerce Commission (ICC) outlining a new Low-Income Discount (LID) program to help income-eligible customers manage their energy bills. The proposed program would enable qualifying customers to receive a percentage-based discount on their monthly electric bill determined by income level. Those with household incomes less than or equal to 50% of the Federal Poverty Level (FPL) will receive the greatest discount. However, customers with household incomes up to 300% of the FPL will be still eligible for a discount. ComEd hopes to begin providing discount credits in 2025, pending final approval from the Commission.\n\n\n“ComEd’s newly proposed low-income discount program builds upon our longstanding commitment to keep bills affordable for all customers,” said Gil Quiniones, President and CEO, ComEd. “Electricity is an essential service, and LID will provide a measure of security for households dealing with financial challenges.”\n\n\nComEd’s LID aims to ensure residential customers’ energy expense does not exceed more than 3% of household income (or 6% for electric space heat customers). The program will also promote opportunities for low-income households to participate in the ComEd Energy Efficiency Program, which helps customers manage energy use to save money on future energy bills. Since 2008, the award-winning program has helped hundreds of thousands of customers save a total of $9 billion on their energy bills, as well as a total of 82 million megawatt-hours of electricity, which is enough energy to power more than 9.5 million ComEd customers’ homes for one year.\n\n\nShould ComEd’s proposal be approved by the ICC, applications to participate will be available in mid-2025. To make it easy for customers to apply and participate, ComEd proposes to leverage existing relationships with local administrative agencies. Those enrollment pathways include:\n\n\n\nAuto Enrollment: ComEd will automatically enroll in LID those customers who have been enrolled in other income-qualified programs within 12-months from date of implementation. Examples of income-qualified programs include Low-Income Home Energy Assistance Program (LIHEAP), Percentage of Income Payment Plan...