Following the successful launch of ComEd’s Peak Time Savings program in 2015, more than 100,000 ComEd customers with smart meters have enrolled in the program’s second year. This summer’s enrollment nearly doubles that of last year and is a sign of the more than 80 percent satisfaction rate of customers who participated in last year’s program.
In 2015, program participants received $385,000 in bill credits for voluntarily reducing their electricity usage during Peak Time Savings Hours, which is when energy demand is at its highest.
“Anytime I can sign up for a program with a major company like ComEd and receive a savings on my bill at the end of the month, I call that a win-win situation,” says Angelique Tribett, a Peak Time Savings participant from Chicago.
Angelique participated in the program in 2015 and says she enjoyed the convenience of receiving text messages from ComEd reminding her about Peak Time Savings Hours and her opportunity to save.
This summer, ComEd will announce three to five days with Peak Time Savings Hours between June 1 and Sept. 30, 2016. Peak Time Savings Hours typically occur for a few hours between 11 a.m. and 7 p.m. Participants who can reduce electricity consumption during Peak Time Savings will earn a bill credit in the amount of $1 for every kWh saved. These bill credits will appear as actual dollars off participants’ ComEd bills.
While enrollment for the summer 2016 program is closed, customers may sign up for the 2017 summer season by visiting ComEd.com/PTS or by calling (844) 852-0347.
