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Report: ComEd Residential Market Still "Moderately Concentrated"
The residential retail electric market at Commonwealth Edison remains "moderately concentrated," but did show marginal improvement in the past year, according to the 2014 annual report from the Illinois Commerce Commission Office of Retail Market Development.
Link to 2014 report
ORMD reported that the ComEd residential market, based on Herfindahl-Hirschman Index (HHI) values, is "moderately concentrated," with 66% of the market going to the three largest suppliers in May 2014. This is a slight decrease versus 69% in May 2013.
ORMD also noted that only twelve suppliers, of 50 active in the residential market, had more than 23,000 residential customers in the ComEd service area.
Regarding aggregation, ORMD reported that as of the end of June 2014, 21 communities have let their aggregation programs expire and returned their residents to utility supply.
ORMD also reported that for the period of June 2013 to May 2014, estimated savings among ComEd’s residential customers through shopping have been approximately $39 million, or an average of 0.2 cents per kWh. For the prior 2012-2013 period, the estimated savings were $257 million, about 2.1 cents per kWh.
ORMD also provided an update on a recently commenced process to address several retail market issues.
ORMD is currently exploring with stakeholders:
a) Further educating the consumers: What else can/should be done? For example: Additional changes and supplements to PlugInIllinois.org, more frequent press releases, additional ways to increase traffic to PlugInIllinois.org, new website functionality to create user-generated custom alerts (for offers, custom reminders, etc)
b) Further educating the suppliers: Should we create a website/document with all laws and regulations relevant to retail electric suppliers in Illinois? Should we hold workshops to provide guidance on interpreting existing rules?
c) Other changes: Should the Commission define residential marketing terms such as "green" and "renewable" offers? Should we add a "% renewable" column to the existing RES offer matrix?
d) Should the Commission define "fixed" and "variable" rates? Does a rate have to be fixed for 6 months or more to be deemed a fixed rate? Should there be extra disclosure requirements for fixed offers that contain change-of-law/change-of-supplier-cost type contract clauses? Should the rules specify how a RES has to portray the utility PTC?
e) Should there be a requirement that a residential variable rate has to be tied to a publicly available index/benchmark? Should there be additional notice requirements for variable rate changes? Should suppliers be required to set and disclose a maximum rate for each variable rate offer? Should a customer be entitled to the previous rate if she cancels the contract within a set number of days of being notified of the new rate?
f) Should suppliers be required to display their logo on a utility-consolidated bill?
ADVERTISEMENT Copyright 2010-
July 14, 2014
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Copyright 2010-14 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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