New year, new electric rates

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ComEd introduced a $340 million rate hike starting in 2014. With your help, we are challenging the increase with a “petition for rehearing.” But in the meantime, we want you to know about the new rates you’ll be seeing on your bill.

The increase is part of a state law to pay for the $2.6 billion upgrades to the power grid, which will take place over the next decade. It should affect only your delivery charges—what you pay ComEd to distribute electricity to your home—not the supply charge. Your delivery charge, which accounts for roughly 1/3 to 1/2 of your bill, is broken down into the customer charge, the distribution delivery charge, and the meter charge.

The average household bill will increase by about $5.50 per month, according to ComEd.

Here are the new delivery charges:

Single family homes without space heat
Monthly Customer Charge: $15.37/month
Distribution Facilities Charge:2.376 cents/kWh
Standard Metering Charge: $3.32/month

Single Family homes with space heat
Monthly Customer Charge: $17.45/month
Distribution Facilities Charge: 1.13 cents/kWh
Standard Metering Charge: $3.32/month

Multifamily homes without space heat
Monthly Customer Charge: $8.18/month
Distribution Facilities Charge: 3.09 cents/kWh
Standard Metering Charge: $3.32/month

Multifamily homes with space heat
Monthly Customer Charge: $9.14/month
Distribution Facilities Charge: 1.429 cents/kWh
Standard Metering Charge: $3.32/month

For more information, check out CUB’s fact sheet, Making Sense of Your Electric Bill. Also, visit Cub Energy Saver, CUB’s free service that has been showing people how to cut their utility bills by about $100 a year.

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About Jim Chilsen

Jim is director of communications for the Citizens Utility Board (CUB)
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3 Responses to New year, new electric rates

  1. Lynn says:

    My electric bill increased from $214 last month to $608 this month, with the thermostat set on 65. I have no idea how much of this is the heat kicking on more often with the 30 below days and how much is a rate hike. Curious how many other people are seeing $400 increases in a single month.

    • Jim Chilsen says:

      That’s awful, Lynn! So sorry. My house got hit pretty hard too. We are hearing from a lot of people who were slammed by the cold weather. Do you have electric heat or gas heat?

  2. Sandy says:

    This whole hoax of “global warming,” now being called “climate change,” is a disaster for American companies, jobs and families. As customers decrease their electric use to protect what’s left of their family paycheck, the fixed customer charges, distribution and metering charges are skyrocketing, leaving the customer no way to control their power costs. The only way to help control the home and business power expense is to further decrease our electric use, leaving the family cold, in the dark and unable to properly care for their young, elderly, or sick. But oops, as people decrease power use, other “fees” and “charges” are hiked. This price gouging will only get worse as people are financially forced to further decrease their electricity use, and the power companies will continue to increase and pile on these ridiculous fixed fees. The only way America can grow jobs and compete globally is to have plenty of affordable power to build our companies, enjoy our homes and take care of our families. Forget about building out the grid (creating, in my opinion an artificial shortage) where all we are going to do is pay a whole lot more for a whole lot less. Invest in our power infrastructure so American’s can once again build a strong economy.

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