ComEd Retail Generation Rates to Officially Fall Significantly Starting June 2013

On March 29, Commonwealth Edison filed updated Purchased Electricity Charges (Rider PE) for the 12-month period beginning June 1, 2013.

The new retail generation rates confirm a significant decline in prices, which had been previously expected due to the roll-off of above-market contracts.

Rider PE makes up the largest component of the bypassable generation rate, which also includes transmission and a reconciliation factor. ComEd said that during May it will file new transmission rates to take effect in June 2013. Transmission costs are expected to increase as a result of transmission investments, ComEd said.

The new Purchased Electricity Charges (PECs) for the period June 2013 to September 2013 are as follows (¢/kWh):

Residential Non-Electric Space Heating    4.597
Residential Electric Space Heating        4.597
Watt-hour Non-Electric Space Heating      4.973
Demand Non-Electric Space Heating         4.959
Nonresidential Electric Space Heating     4.359
Dusk to Dawn Lighting                     1.847
General Lighting                          4.384

The new Purchased Electricity Charges (PECs) for the period October 2013 to May 2014 are as follows (¢/kWh):

Residential Non-Electric Space Heating    4.559
Residential Electric Space Heating        4.559
Watt-hour Non-Electric Space Heating      4.918
Demand Non-Electric Space Heating         4.910
Nonresidential Electric Space Heating     4.806
Dusk to Dawn Lighting                     2.207
General Lighting                          4.811

The current Purchased Electricity Charges are about 7¢/kWh for most classes.