{"id":1045,"date":"2016-10-06T15:09:09","date_gmt":"2016-10-06T15:09:09","guid":{"rendered":"https:\/\/www.citizensutilityboard.org\/?page_id=1045"},"modified":"2021-05-17T18:49:15","modified_gmt":"2021-05-17T23:49:15","slug":"electric_peaktimesavings","status":"publish","type":"page","link":"https:\/\/www.citizensutilityboard.org\/electric_peaktimesavings\/","title":{"rendered":"ComEd Peak Time Savings"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column width=&#8221;5\/6&#8243;][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;ComEd Peak Time Savings&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][vc_column_text]<\/p>\n<h6><span style=\"font-size: 12pt;\"><ul class=\"icon \"><li><i class=\"fa fa-caret-right\"><\/i> <a href=\"https:\/\/citizensutilityboard.org\/wp-content\/uploads\/2017\/04\/ComEdPTS.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>PDF version of this fact sheet<\/strong><\/a><\/li><\/ul><\/span><\/h6>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][vc_column_text]ComEd\u2019s advanced meters open the door for flexible, money-saving plans like Peak Time Savings (PTS). It gives participants a credit for reducing electricity use during certain \u201cpeak\u201d times, usually hot summer afternoons when electricity demand is highest. CUB supports the program because it carries no cost and customers can earn money off their bill while positively impacting the entire grid.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Who can enroll?&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;2\/3&#8243;][vc_column_text]Any ComEd customer with a digital smart meter can enroll, with two exceptions:<br \/>\n-You cannot participate in Peak Time Savings if you are already enrolled in ComEd\u2019s Central AC Cycling or if you have net metering.<br \/>\n-Central AC Cycling rewards customers with bill credits for allowing the utility to remotely cycle their central air conditioner on and off. Net metering allows consumers to sell renewable energy they generate back to the utility.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_column_text css=&#8221;.vc_custom_1563484196825{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #cccccc !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;]<\/p>\n<p style=\"text-align: left;\">How do I enroll in Peak Time\u00a0Savings?<\/p>\n<p>Visit: <strong><a href=\"https:\/\/www.comed.com\/WaysToSave\/ForYourHome\/Pages\/PeakTimeSavings.aspx?utm_source=PTSVanity&amp;utm_medium=Vanity&amp;utm_campaign=PTSVanityURL\" target=\"_blank\" rel=\"noopener noreferrer\">ComEd.com\/pts<\/a><\/strong> or call: 1-844-852-0347[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=&#8221;custom&#8221; css=&#8221;.vc_custom_1475699797969{background-color: #0f4b91 !important;}&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;How does Peak Time Savings work?&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][vc_column_text]Under the program, ComEd gives you a bill credit for reducing electricity use during \u201cpeak times\u201d on a few summer days when power demand is highest. The amount you earn back will be based on your typical usage compared with what you used during one of these peak times. The Peak Time Savings credit will appear as dollars off your total amount due in the \u201cTaxes and Fees\u201d and \u201cUpdates\u201d sections of your bill[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; css=&#8221;.vc_custom_1475699807900{background-color: #0f4b91 !important;}&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;What are \u201cPeak Time Savings Hours\u201d and when will they happen?&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][vc_column_text]\u201cPeak Time Savings Hours\u201d are periods on hot summer days when ComEd will give participants the option of delaying heavy power usage to earn bill credits. ComEd will typically call 3-6 \u201cPeak Time Savings Hours\u201d per summer (May through October). These savings periods will typically occur for a few hours between 11 a.m. and 7 p.m.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; css=&#8221;.vc_custom_1475699807900{background-color: #0f4b91 !important;}&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;How will I know when PTS hours occur?&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][vc_column_text]Once enrolled, you will choose to have notifications sent to you by phone call, text message or email. You will receive a message from ComEd on the day Peak Time Savings hours occur\u2014no earlier than 9 a.m. and at least 30 minutes before the period begins.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; css=&#8221;.vc_custom_1475699807900{background-color: #0f4b91 !important;}&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;When does Peak Time Savings begin?&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][vc_column_text]The program is active each summer from May through October. You can sign up at any time during the year. There\u2019s no cost to enroll and no penalty for exiting.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; css=&#8221;.vc_custom_1475699807900{background-color: #0f4b91 !important;}&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Can I enroll in Peak Time Savings even if I have an alternative supplier for electricity?&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][vc_column_text]Yes, if you have enrolled with an alternative supplier for your electricity supply, you are still eligible to enroll in ComEd\u2019s Peak Time Savings program. You cannot participate in Peak Time Savings if you are already enrolled in ComEd\u2019s Central AC Cycling or if you have net metering.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; css=&#8221;.vc_custom_1475699807900{background-color: #0f4b91 !important;}&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][vc_custom_heading text=&#8221;How much money can I save through Peak Time Savings?&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]The program rewards participants with a $1 credit for every kilowatt-hour they reduce their power usage. ComEd will determine the total amount of a customer\u2019s credit using a formula based on his or her typical usage history versus what the customer actually used during a designated \u201cpeak time\u201d period.<\/p>\n<p>ComEd has said customers could earn a credit of $1 to $12 during a peak period by combining several simple actions, such as setting the thermostat 4 degrees higher and delaying use of the dishwasher, clothes dryer, vacuum, lights or electronics.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-18906 size-full aligncenter\" src=\"https:\/\/www.citizensutilityboard.org\/wp-content\/uploads\/2019\/07\/Capture.jpg\" alt=\"\" width=\"683\" height=\"333\" srcset=\"https:\/\/www.citizensutilityboard.org\/wp-content\/uploads\/2019\/07\/Capture.jpg 683w, https:\/\/www.citizensutilityboard.org\/wp-content\/uploads\/2019\/07\/Capture-300x146.jpg 300w, https:\/\/www.citizensutilityboard.org\/wp-content\/uploads\/2019\/07\/Capture-600x293.jpg 600w\" sizes=\"(max-width: 683px) 100vw, 683px\" \/>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; css=&#8221;.vc_custom_1475699807900{background-color: #0f4b91 !important;}&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][vc_custom_heading text=&#8221;What if I don\u2019t reduce my electricity usage during Peak Time Savings hours?&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]There is no penalty if you don\u2019t reduce your power usage. You simply won\u2019t get a credit that day. You can always participate in future \u201cpeak time\u201d periods.<\/p>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; css=&#8221;.vc_custom_1475699807900{background-color: #0f4b91 !important;}&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][vc_custom_heading text=&#8221;How is Peak Time Savings different than Hourly Pricing?&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]ComEd\u2019s Hourly Pricing and Time-of-Day Pricing programs charge different rates at different times of the day or week. Hourly Pricing charges a rate that can change by the hour, based on the wholesale electricity market.<\/p>\n<p>Under these programs, if you can shift heavy electricity usage to lower-demand periods when prices are lower, you have the potential to save money. These could be excellent programs for households that have the flexibility to shift their power usage to certain times. However, there is some risk, since you pay for electricity used during higher-priced times, as well.<\/p>\n<p>Peak Time Savings customers aren\u2019t given special rates according to time of day or the day of the week. They just receive a credit if they are able to shift their usage on certain summer days to lower-demand times. If they choose not to do that, they are not penalized with a higher rate. They just don\u2019t get the credit.<\/p>\n<p>Hourly Pricing customers can take part in the Peak Time Savings program, provided they are not also part of AC Cycling or net metering programs.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column width=&#8221;5\/6&#8243;][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;ComEd Peak Time Savings&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][vc_column_text] [\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][vc_column_text]ComEd\u2019s advanced meters open the door for flexible, money-saving plans like Peak Time Savings (PTS). It gives participants a credit for reducing electricity use during certain \u201cpeak\u201d times, usually hot summer afternoons when electricity demand is highest. CUB supports the program because it carries no cost and customers can earn money off their bill while positively impacting the entire grid.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Who can enroll?&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;2\/3&#8243;][vc_column_text]Any ComEd customer with a digital smart meter can enroll, with two exceptions: -You cannot participate in Peak Time Savings if you are already enrolled in ComEd\u2019s Central AC Cycling or if you have net metering. -Central AC Cycling rewards customers with bill credits for allowing the utility to remotely cycle their central air conditioner on and off. Net metering allows consumers to sell renewable energy they generate back to the utility.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_column_text css=&#8221;.vc_custom_1563484196825{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #cccccc !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;] How do I enroll in Peak Time\u00a0Savings? Visit: ComEd.com\/pts or call: 1-844-852-0347[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=&#8221;custom&#8221; css=&#8221;.vc_custom_1475699797969{background-color: #0f4b91 !important;}&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;How does Peak Time Savings work?&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][vc_column_text]Under the program, ComEd gives you a bill credit for reducing electricity use during \u201cpeak times\u201d on a few summer days when power demand is highest. The amount you earn back will be based on your typical usage compared with what you used during one of these peak times. The Peak Time Savings credit will appear as dollars off your total amount due in the \u201cTaxes and Fees\u201d and \u201cUpdates\u201d sections of your bill[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; css=&#8221;.vc_custom_1475699807900{background-color: #0f4b91 !important;}&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;What are \u201cPeak Time Savings Hours\u201d and when will they happen?&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][vc_column_text]\u201cPeak Time Savings Hours\u201d are periods on hot summer days when ComEd will give participants the option of delaying heavy power usage to earn bill credits. ComEd will typically call 3-6 \u201cPeak Time Savings Hours\u201d per summer (May through October). These savings periods will typically occur for a few hours between 11 a.m. and 7 p.m.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; css=&#8221;.vc_custom_1475699807900{background-color: #0f4b91 !important;}&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;How will I know when PTS hours occur?&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][vc_column_text]Once enrolled, you will choose to have notifications sent to you by phone call, text message or email. You will receive a message from ComEd on the day Peak Time Savings hours occur\u2014no earlier than 9 a.m. and at least 30 minutes before the period begins.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; css=&#8221;.vc_custom_1475699807900{background-color: #0f4b91 !important;}&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;When does Peak Time Savings begin?&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][vc_column_text]The program is active each summer from May through October. You can sign up at any time during the year. There\u2019s no cost to enroll and no penalty for exiting.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator color=&#8221;custom&#8221; align=&#8221;align_left&#8221; css=&#8221;.vc_custom_1475699807900{background-color: #0f4b91 !important;}&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Can I enroll in Peak Time Savings even if I have an alternative supplier for electricity?&#8221; font_container=&#8221;tag:h2|font_size:24|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;5\/6&#8243;][vc_column_text]Yes, if you have enrolled with an alternative supplier for your electricity supply, you are still eligible to enroll in ComEd\u2019s Peak Time Savings program. You cannot participate in Peak Time Savings if you are already enrolled in ComEd\u2019s Central AC Cycling or if you have net metering.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-1045","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.citizensutilityboard.org\/wp-json\/wp\/v2\/pages\/1045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.citizensutilityboard.org\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.citizensutilityboard.org\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.citizensutilityboard.org\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.citizensutilityboard.org\/wp-json\/wp\/v2\/comments?post=1045"}],"version-history":[{"count":0,"href":"https:\/\/www.citizensutilityboard.org\/wp-json\/wp\/v2\/pages\/1045\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.citizensutilityboard.org\/wp-json\/wp\/v2\/media?parent=1045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}