ComEd to Begin Residential Demand Response in 2015
Commonwealth Edison (ComEd) is officially enrolling customers in its residential demand response program. By volunteering to reduce electricity consumption during specified peak hours, ComEd customers will earn a $1 bill credit for every kilowatt hour they reduce.
Customers looking to participate in the Peak Time Savings plan must have a smart meter installed before summer of 2015, which is when the program is scheduled to begin. Notifications can occur as early as 9 a.m. the day of the event, or as late as 30 minutes prior to event start-time, and participants can choose to be contacted via text, email, or phone call. As with most demand response programs, there is no penalty if a customer fails to perform.
Peak demand usually occurs between the hours of 11 a.m. and 7 p.m., when most cities are running at full-speed and demanding tons of energy. Some reduction strategies include adjusting thermostats, shutting off lights, and avoiding the use of electrical appliances until later in the evening. ComEd is predicting most customers will earn a credit of $1 to $12 on their bill each time they participate, but this “depends on the actions you take to reduce your usage, the characteristics of your home, and your typical energy use.”
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