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You have the option of participating in ComEd’s Residential Real-Time Pricing (RRTP) Program, in which you will be billed for the electricity you consume based on hourly market prices. This legislatively mandated program, which was approved by the Illinois Commerce Commission in 2006, is powered by a financial incentive to change your electricity usage habits to take advantage of lower-priced time periods and avoid heavy usage during higher-priced time periods.
Individual cost savings are not guaranteed and will vary month to month, based on weather, market conditions, and usage habits. However, the more participants avoid using electricity when prices are high, the more they can potentially save with ComEd RRTP. Program participants like you will have access to hourly prices, and will receive high price notifications and alerts in addition to other useful information.
With ComEd RRTP, there are other potential benefits, including:
The first 110,000 customers to enroll in the ComEd Residential Real-Time Pricing Program will pay a reduced meter lease fee of $2.25 per month on their bill to cover a portion of the costs associated with the installation of one new meter, capable of maintaining hourly usage data. This fee is in addition to the current monthly standard meter charge.
Additionally, ComEd RRTP participants who have central air conditioning units, Internet access, and participate in ComEd Central A/C Cycling can also participate in the RRTP program's Load Guard Automated Price Response Service. Load Guard is an innovative "set-and-forget" feature that is designed to automatically cycle a participant's central air conditioning unit “off and on” during high priced summer days. Participants can select a target price level— either 10¢ or 14¢ per kWh—that, once hit, will switch their central air conditioner into a conservation mode for a two-hour period.
To learn more, review the ComEd RRTP Program Guide (pdf) to Real-Time Pricing, which includes a section on Understanding Your ComEd RRTP Bill.
If you are interested, you can receive additional information and sign up for the ComEd RRTP program and Load Guard by visiting the program's website at www.thewattspot.com, or by calling a program representative at 1-877-Wattspot (1-877-928-8776).
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