Plugging into Multifamily - The Official Blog of AUM

Resident Utility Bills to Increase January 1 - ComEd Rates Increase 11%

Posted by Alison Hoss on Mon, Dec 15, 2014 @ 11:14 AM

Chicago Market Alert:

ComEd Delivery Rates to Rise by 11%

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From the Chicago Tribune, December 10, 2014

Commonwealth Edison (ComEd) was given the go-ahead Wednesday to raise electricity distribution rates by 11 percent to help pay for a $2.6 billion grid modernization effort.

The change in electric delivery costs will be reflected in Januaryutility bills, totaling nearly a $245 million increase. This year ComEd already increased the average customer bill by $5.50 to assist in grid modernization efforts. This latest 11% increase will add $2 to $3 on top of the previous rate hike.  All Clients with ComEd properties should account for these increases in 2015 budgets.  

Here is a link to the article:  http://www.chicagotribune.com/business/ct-comed-rate-hike-1211-biz-20141210-story.html

Illinois Multifamily Property Owners have Options to Keep Rates in Check

In Illinois, electricity is a de-regulated energy commodity, meaning you have options when selecting a utility supplier.  While ComEd may be the commodity delivery distribution company, there are many electricity commodity suppliers.