ComEd Customers Will See a Rate Increase Beginning June 1. How Much, and Why Is It Happening?
- ComEd will raise its electricity supply rate to about 10 cents per kilowatt-hour starting June 1, causing higher bills for customers in northern Illinois.
- The increase is due to the capacity auction conducted by PJM Interconnection last year, leading to about a 45 percent jump from the 6.9 cents per kilowatt-hour rate charged in June of the previous year.
- The supply and transmission portion, which makes up over half of total charges and from which ComEd does not profit, will directly pass these costs to consumers.
- The average ComEd customer could face an extra $10.60 per month on their electric bill, with higher rates expected to last at least 12 months, while some relief may come from the Climate and Equitable Jobs Act.
- Rising power demands driven by data centers, supply shortages caused by policy and system delays at PJM, and calls for legislative reforms suggest ongoing challenges for Illinois electric customers.
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Consumer advocate warns higher electric bills for Illionois this summer
(The Center Square) – ComEd customers in Illinois can expect much higher electric bills this summer.
·Cherokee County, United States
Read Full ArticleComEd passes supply costs to Illinois customers with June rate increase
ILLINOIS (WTVO) — ComEd customers should expect an increase on their electricity bill next month. On June 1st, ComEd is raising the capacity charge, the cost paid for companies to store extra energy in case of a spike in demand. The Citizens Utility Board estimated each household's bill would go up approximately $10 a month. However, CUB explained that ComEd will not profit from the price increase, since the cost is passed along to the utility v…
·Rockford, United States
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Leaning Left2Leaning Right2Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 22%
C 56%
R 22%
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