Business and Economics

Chicago’s ComEd Rates Increasing

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December 19, 2013 — Chicago-area Commonwealth Edison customers will see higher electric bills next year after the Illinois Commerce Commission approved a distribution rate increase.

The ICC yesterday said ComEd may collect an additional $340-million, largely to help offset its cost of modernizing the electric grid.

ComEd says the average electricity customer will pay an extra $5.50 per month, but notes electric bills have declined since 2012 because of low energy prices.

Ameren was told earlier this month to decrease electricity rates by about $45-million after the ICC determined the company had over collected for grid modernization.

The ICC yesterday said Ameren may increase natural gas delivery rates by about $32-million a year.  A spokeswoman says the company doesn’t yet know how much that will cost the average customer.

 

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