Customers who receive energy from Commonwealth Edison will see a 38 percent increase in the price of electricity as a result of rising costs to reserve power from power plants.
According to regulator Illinois Commerce Commission, the cost of electricity, coupled with reservation fees and transmission costs, will rise to 7.5 cents per kilowatt hour from 5.5 cents per kilowatt hour next month.
The average ComEd residential customer uses approximately 655 kilowatts of electricity per month, according to ComEd, which, together with delivery costs would increase bills by 21 percent from about $68 to about $83 per month.
* More from Steve Daniels at Crain’s…
ComEd’s price is largely in line with deals municipalities have struck recently with outside energy marketers to supply power to their residents and small businesses. In many cases, savings from these municipal contracts will be minuscule.
For example, ComEd’s 7.596 cents is slightly above the 7.47 cents average apartment and condo dwellers will pay in the city of Chicago under a one-year deal with Chicago-based Integrys Energy Services. That’s a less than 2 percent savings on just the energy portion of the bill and a 1 percent savings overall.
But owners of larger single-family homes, which consume more energy, actually will pay an energy charge of 7.63 cents, which is slightly higher than ComEd’s. […]
On the other hand, some suburbs still will enjoy significant savings from ComEd. The northern suburbs of Wilmette, Northfield, Glenview and Kenilworth, acting together in a consortium, recently negotiated a 6.72 cent-per-kilowatt-hour price with supplier MC Squared for the next year. That’s an 11.6 percent savings on ComEd’s energy price, or about 7 percent for the electric bill as a whole.