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Smart Grid Math: Can we afford NOT to modernize the system?
Thursday, Aug 11, 2011 - Posted by Advertising Department The following is a paid advertisement. If SB 1652 is enacted into law and grid modernization proceeds on course, ComEd customers could save $2.8 billion on their electric bills over the 20-year life of the smart meters according to a comprehensive analysis by Black & Veatch, the consultancy charged with evaluating the one-year smart meter pilot approved by the Illinois Commerce Commission. This savings would be over and above any savings customers would see by using smart meters to manage their own energy usage. The jobs and economic development opportunities generated by this investment will provide a much-needed push to our state’s economy. Coupled with new pricing options and opportunities for customers to lower their electricity bills, this legislation will positively benefit every customer in the state. To get the full Black & Veatch study, click here.
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SB 1652 Highlights Electric Utility Accountability for Performance
Thursday, Aug 4, 2011 - Posted by Advertising Department [The following is a paid advertisement.] System Investments Mean Better Reliability for Customers; Performance Standards Provide Accountability If enacted into law, the Illinois Electric Energy Infrastructure Modernization Act (SB 1652), which passed the Illinois House and Senate in May, would put in place more stringent performance standards for Illinois electric utilities. Utilities would be held accountable for their performance on a range of issues that matter most to customers. And if the utilities don’t meet these standards, it gets taken out of their bottom line. Among the performance standards in SB 1652, utilities must…
• Improve outage frequency by 20 percent • Improve estimated bills by 90 percent Utilities could stand to lose tens of millions of dollars each year if they fail to deliver benefits from investment in grid modernization. There is no symmetrical upside – utilities are penalized for failure to perform but they don’t receive bonuses for achieving goals. For more information on the other benefits of grid modernization, visit www.smartenergyil.com.
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