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ComEd is asking for a $199 million rate hike. Here’s how it would affect your monthly bill – NBC Chicago

ComEd’s plan to switch to 100% clean energy may come at the expense of residential customers – in the form of higher monthly bills.

On Thursday, the energy company said in a press release that it was seeking a $199 million increase in “electricity delivery charges to support reliability improvements for residential and commercial customers and support the transition to 100% clean energy”.

How much would a monthly ComEd bill increase?

The increase would result in an additional $2.20 per month on your bill, if you are a residential customer.

The press release also states that from January 2023, monthly bills will actually be lower than current bills due to “offsets and decreases primarily due to reduced energy capacity costs”, it does not provide a figure. dollars.

To counter the potential increase, the Illinois Commerce Commission is considering a proposal to advance customers $65 million in deferred tax benefits.

According to the release, this would offset 82 cents of that monthly increase.

ComEd also says the capacity charge customers pay during peak power periods is expected to “drop” by 65%.

When would the rate increase take effect?

The application review process will take at least eight months. If approved, it will come into force in January 2023.

What is an average monthly residential bill for a ComEd customer?

The average total monthly residential bill was $89.49 in February, slightly lower than the $90 total bill in January 2015, ComEd said in the release.

ComEd customers experiencing difficulty paying their electric bill are encouraged to call ComEd at 1-800-334-7661 or visit ComEd.com/PaymentAssistance

NBC Chicago

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