Saturday, October 21, 2017 || By Michael Romain || @maywoodnews
Featured image: A ComEd bill | rebrn.com
ComEd customers will see credits on their monthly bill for October, according to company officials.
In a statement released on Oct. 17, Val Jensen, ComEd’s senior vice president of customer operations, said that the company requested a refund of around $80 million from the Illinois Commerce Commission as a result of ComEd’s implementation of a new energy efficiency funding mechanism.
“As a result of the Future Energy Jobs Act, a new energy law in Illinois that is going to double energy efficiency savings for customers, the funding mechanism for the collection of energy efficiency funds changed,” Jensen explained.
“The funds collected for the energy efficiency programming year (June 2016 to June 2017) were not completely spent,” he said, “so ComEd filed a request with the ICC to return the funds back to its customers.”
The average ComEd residential customer will get a credit of around $14 on their bill in October.
Below is a list of answers to frequently asked questions provided by Jensen. The full FAQ can be found on ComEd’s website here.
- Increased energy efficiency funding from $250 million to $440 million by 2030, which will create more than $4 billion in consumer savings and reduce the amount of carbon dioxide in the air equivalent to removing 18 million cars from the road.
- Expanded funding for energy efficiency programs such as product rebates, home and business energy assessments, product discounts on energy-efficient products, weatherization tools and more.
- Assurance that all communities will benefit through energy efficiency programs, with $42 million per year dedicated to low-income energy efficiency programs through 2030.
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