Press release
ComEd Reminds Income-Eligible Customers to Take Advantage of Latest Program Designed to Provide Bill Relief
240,000 low- to moderate-income customers enrolled in new Low-Income Discount program ROCKFORD, Ill.--(BUSINESS WIRE)-- ComEd today joined Rockford leaders
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[{"type":"text","content":"\n240,000 low- to moderate-income customers enrolled in new Low-Income Discount program\n\n\n ROCKFORD, Ill.--(BUSINESS WIRE)--\nComEd today joined Rockford leaders and community partners to highlight the availability and benefits of the newly launched Low-Income Discount (LID) program. The LID program, created in alignment with the Illinois Climate and Equitable Jobs Act, provides qualifying income-eligible customers with a percentage-based discount on their monthly electric bill based on income level. These discounts are designed to lower energy costs to 3% to 6% of total household income.\n\n\nSo far, 240,000 ComEd customers are enrolled in the LID program, with enrollment ongoing to support customers challenged to pay their energy bills. The introduction of new affordability options like the LID program comes at a critical time, as customers continue to feel the effects of rising energy supply costs. These stem partly from supply-demand imbalances that influence nearly half of energy bills and are passed on to customers without profit from ComEd.\n\n\n\"Through LID and other bill assistance programs, ComEd is delivering on our commitment to supporting all of the customers and communities we serve,” said President and CEO Gil Quiniones. “LID is a lifeline for customers navigating tough economic pressures and builds on the state’s Low Income Energy Assistance Program (LIHEAP) program and our other collective efforts that help eligible customers take advantage of opportunities to lower their energy costs this year.”\n\n\nThe LID program provides tiered discounts to customers with total household incomes up to 300% of the federal poverty level which, for a family of four, is $96,450. The actual maximum household threshold to qualify for LID may be different depending on the customer’s residential delivery class and other factors.\n\n\n“Affordability remains one of the most pressing challenges families are facing here in Rockford, across our region, throughout Illinois, and nationwide,” said Rockford Mayor Tom McNamara. “The cost of nearly everything, from utilities to housing, continues to rise. We’re thankful to ComEd for creating a new program for our residents most in need.”\n\n\nCustomers have an opportunity to apply for LID at the same time they apply for state energy assistance programming, like LIHEAP and Percentage of In...