Customers Can Sign Up for ComEd’s Peak Time Savings Program and Earn
Credits on Their Bill
CHICAGO–(BUSINESS WIRE)–Saving money and earning a bill credit during the summer can be easy for
customers who have smart meters and are enrolled in ComEd’s Peak Time
Savings (PTS) program. PTS is an industry-leading program that
essentially pays customers for using less energy on hot days when energy
use is high.
Through PTS, ComEd customers can earn a credit that will be applied to
their bill when they voluntarily reduce their electricity usage during
Peak Time Savings Hours which typically occur for a few hours between 11
a.m. and 7 p.m. during the hottest days of the summer.
ComEd notifies PTS participants on the day when Peak Time Savings Hours
will occur, as early as 9 a.m. or at least 30 minutes prior to the
start. Notifications arrive via phone call, text message or email, or
any combination of the three.
Customers who reduce electricity during Peak Time Savings Hours,
compared to what they typically would have consumed, earn $1 for every
kilowatt hour (kWh) of energy saved. Since the program launch in the
fall of 2014, participants have received more than $1.2 million in bill
credits – credits that appeared as actual dollars off their total
amounts due. Enrolling in PTS is easy, but a smart meter is required.
Customers can visit ComEd.com/PTS
to see if they’re eligible, to learn more about the program or to enroll.
“The PTS program is made possible through smart meters and it’s putting
real dollars back into the pockets of our customers,” said Val Jensen,
senior vice president of Customer Operations. “We look forward to
continuing to leverage smart meter technology to provide our customers
with even greater control over their energy use.”
According to a 2015 study conducted in conjunction with Citizen’s
Utility Board and the Environmental Defense Fund, the PTS program
reduced greenhouse gas emissions by 10 percent by comparing the reduced
energy loads of a sample of PTS customers with those of similar
customers who did not participate in the program. To date, ComEd has
installed more than 2.7 million smart meters in homes and businesses.
The company will complete the installation of 4 million smart meters
throughout the service territory by the end of 2018. Smart meters are
part ComEd’s smart grid investment program that has helped produce
record power reliability and customer satisfaction results.
In addition to programs like PTS, ComEd also manages one of the largest
energy efficiency programs in the nation. The ComEd Energy Efficiency
Program has saved customers more than $2 billion in energy costs since
it launched in 2008. Home and business owners can take advantage of the
energy efficiency programs.
For more information about ways to save energy and money, please visit www.comed/waystosave.
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 3.9 million customers across northern Illinois,
or 70 percent of the state’s population. For more information
and connect with the company on Facebook,
ComEd Media Relations