Commenting on the development, Val Jensen, senior vice president of customer operations at ComEd, said: “The PTS programme is made possible through smart meters and it’s putting real dollars back into the pockets of our customers.
“We look forward to continuing to leverage smart meter technology to provide our customers with even greater control over their energy use.”
Customers of ComEd who voluntarily register to participate in the PTS demand response initiative will receive credits on their energy bills for reducing their energy usage between 11am and 7pm during the hottest days of the summer.
Progress of demand response initiative
Participating customers will earn $1 for every kilowatt-hour (kWh) of energy saved during PTS hours which ComEd will communicate their occurrence via phone calls, text message or email.
In 2014, ComEd awarded more than $1.2 million in energy bill credits to participants of the PTS demand response initiative.
“According to a 2015 study conducted in conjunction with the Citizen’s Utility Board and the Environmental Defense Fund, the PTS programme reduced greenhouse gas emissions by 10 percent by comparing the reduced energy loads of a sample of PTS customers with those of similar customers who did not participate in the program,” says a company statement.
ComEd has to date, installed some 2.7 million smart meter units out of the 4 million targeted for installation by the end of 2018.
The smart meter installation programme is part of ComEd’s investments in smart grid technologies to improve the reliability of its grid network and customer services.
Since 2008, ComEd has helped its residential and business consumers save more $2 billion in energy bills through the company’s energy efficiency programme.
Smart meter enabled programmes
The launch of the 2017 PTS demand response initiative for ComEd customers follows regulatory approval from the Illinois Commerce Commission to allow companies and researchers access to anonymous energy usage data.
In a press statement, ComEd said the energy usage data will be used to enable the development of new products and services that will add value to Illinois energy consumers.
ComEd’s new programme will open up access to unidentified interval energy usage data for zip codes where smart meters have been deployed. Read more…