ComEd Proposes Discount Program to Reduce Energy Burden for Income-Eligible Customers
13 March 2024 - 3:31AM
Business Wire
Income-based discount to be available as early
as 2025, pending regulatory approval
ComEd yesterday presented a proposal to the Illinois Commerce
Commission (ICC) outlining a new Low-Income Discount (LID) program
to help income-eligible customers manage their energy bills. The
proposed program would enable qualifying customers to receive a
percentage-based discount on their monthly electric bill determined
by income level. Those with household incomes less than or equal to
50% of the Federal Poverty Level (FPL) will receive the greatest
discount. However, customers with household incomes up to 300% of
the FPL will be still eligible for a discount. ComEd hopes to begin
providing discount credits in 2025, pending final approval from the
Commission.
“ComEd’s newly proposed low-income discount program builds upon
our longstanding commitment to keep bills affordable for all
customers,” said Gil Quiniones, President and CEO, ComEd.
“Electricity is an essential service, and LID will provide a
measure of security for households dealing with financial
challenges.”
ComEd’s LID aims to ensure residential customers’ energy expense
does not exceed more than 3% of household income (or 6% for
electric space heat customers). The program will also promote
opportunities for low-income households to participate in the ComEd
Energy Efficiency Program, which helps customers manage energy use
to save money on future energy bills. Since 2008, the award-winning
program has helped hundreds of thousands of customers save a total
of $9 billion on their energy bills, as well as a total of 82
million megawatt-hours of electricity, which is enough energy to
power more than 9.5 million ComEd customers’ homes for one
year.
Should ComEd’s proposal be approved by the ICC, applications to
participate will be available in mid-2025. To make it easy for
customers to apply and participate, ComEd proposes to leverage
existing relationships with local administrative agencies. Those
enrollment pathways include:
- Auto Enrollment: ComEd will
automatically enroll in LID those customers who have been enrolled
in other income-qualified programs within 12-months from date of
implementation. Examples of income-qualified programs include
Low-Income Home Energy Assistance Program (LIHEAP), Percentage of
Income Payment Plan. (PIPP), Supplemental Arrearage Reduction
Program (SARP), and Give-A-Ray, or customers who qualify for past
due payment charge and deposit waivers.
- Local Administrative Agencies
(LAAs): When applying for LIHEAP or PIPP assistance with
LAAs, customers will be able to concurrently apply for ComEd’s LID
program.
The LID program will build upon ComEd’s long history of efforts
to expand the options for customers, particularly income-eligible
customers, to manage energy bills. Efforts to support families and
individuals include bill-assistance options, energy-management
programs tailored for income-eligible customers, along with
electric vehicle charger and installation rebates reserved for
equity-eligible communities.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ:
EXC), a Fortune 250 energy company with approximately 10 million
electricity and natural gas customers in the U.S. ComEd
powers the lives of more than 4 million customers across
northern Illinois, or 70 percent of the state's population. For
more information visit ComEd.com, and connect with
the company on Facebook, Instagram,
LinkedIn, X, and YouTube.
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ComEd Media Relations 312-394-3500
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