CHICAGO — ComEd has filed a price increase request with the Illinois Commerce Commission, which regulates the state’s public utilities, and is seeking $50 million in cost recovery to support comprehensive programs to help customers reduce energy consumption and bills.
The programs will contribute to a cleaner environment, ComEd said.
If approved, the request would add about 30 cents to ComEd’s average monthly bill for residential customers as of January.
ComEd said the cost hike would support the Climate and Equitable Jobs Act, the state’s new energy bill, and ComEd’s ICC-approved four-year energy efficiency plan, significantly increasing funding for programs serving low-income customers. .
“ComEd energy efficiency programs have only become more effective at helping all kinds of customers reduce their energy bills and consumption, which also helps us reduce our dependence on fossil fuels,” said Gil Quiniones, CEO of ComEd.
ComEd customers have saved more than $6.4 billion on their bills as a result of the energy efficiency program ComEd launched in 2008, with nearly 460,000 households and businesses participating by 2021, the utility said.