Illinois groups split on how to balance risk, reward for ComEd time-of-use rates

Energy News Network: As ComEd looks to test new time-of-use rates in Illinois, stakeholders disagree on how to protect participants from potential bill increases while still giving them financial incentive to change their behaviors.

ComEd, which serves approximately 3.5 million residential customers in northern Illinois, including Chicago, proposed a four-year time-of-use rate pilot program to the Illinois Commerce Commission last fall. The utility already offers an hourly pricing option that fluctuates based on wholesale electricity prices, but the proposed program would instead charge customers fixed rates for three time windows: “off-peak,” “peak” and “super-peak.”

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