Get paid to use lessJune 28, 2019
It’s as easy as setting your air conditioner thermostat a few degrees higher, switching the time you choose to vacuum or delaying when you run your dishwasher to save big on energy costs this summer.
With ComEd’s Peak Time Savings Program, you’ll save money for voluntarily using less energy during certain hours requested by ComEd. Here are 10 things you should know about the program:
1. Peak Time Savings is made possible by your home’s smart meter.
2. It pays you back with bill credits for voluntarily using less electricity than you normally would during Peak Time Savings Hours.
3. Peak Time Savings Hours are announced by ComEd on certain summer days and typically occur for a few hours between 11 a.m. and 7 p.m. – when demand for electricity is highest.
4. Bill credits amount to $1 per kWh of energy saved and appear as actual dollars off your total amount due on your ComEd bill.
5. Program participants are notified in the morning on the day Peak Time Savings Hours will occur and at least 30 minutes before the start of the event.
6. You can choose to be notified via any combination of phone, text or email.
7. Use the Peak Time Savings Calculator to estimate how much you could earn this summer by participating.
8. The Peak Time Savings summer season began June 1 and ends Sept 30.
9. There is no cost to enroll, no penalty if you don’t reduce usage, no need to re-enroll each summer — and you can remain in the program for as long as you like.
10. Since the start of the program in 2015, Peak Time Savings has paid out approximately $5.6 million in participant bill credits.