comedhourlypricing
Posts: 1
Joined: Mon Apr 25, 2016 12:44 pm
Delivery Date: 25 Apr 2016

ComEd's Hourly Pricing Program

Tue Apr 26, 2016 12:22 pm

ComEd's Hourly Pricing Program helps EV owners lower their charging costs by taking advantage of hourly electricity prices which are typically low during the overnight hours.

If you live in the Chicagoland area watch this quick video https://www.youtube.com/watch?v=E6XC2vKfiKk on the program or check out the Hourly Pricing website https://hourlypricing.comed.com to learn more.

We have approximately 400 EV owners within the ComEd territory on the program. Here's what a few of our EV participants have to say about the program.

Love using it! My monthly power bill went down, even with the added EV. Hourly Pricing is a necessity for any EV owner!
—Eric N., Hourly Pricing participant since 2013

ComEd's Hourly Pricing has really lowered my electric vehicle fuel costs. I couldn't be happier.
—Mel S., Hourly Pricing participant since 2014

ComEd's Hourly Pricing is a great program for any EV owner!
—Joseph K., Hourly Pricing participant since 2014

aarond12
Posts: 329
Joined: Thu Jun 27, 2013 11:42 am
Delivery Date: 17 Oct 2015
Leaf Number: 311353
Location: Dallas, TX

Re: ComEd's Hourly Pricing Program

Tue Apr 26, 2016 1:58 pm

Sounds like a great plan if you're in the Windy City. However, I keep reading the post title as "ComEdy Hour Pricing Program". Maybe I need to take a break from the Internet for today. ;)

GerryAZ
Gold Member
Posts: 949
Joined: Mon Nov 22, 2010 6:47 pm
Delivery Date: 12 Jun 2011
Location: Phoenix, AZ

Re: ComEd's Hourly Pricing Program

Tue Apr 26, 2016 8:34 pm

Interesting concept, but I will take my time of use with demand charge plan over real time pricing. Real time pricing could hit customers hard if something happens on the grid to cause a large price spike (remember the games played by ENRON and others in California that manipulated wholesale prices in the 1990s).

Gerry

GerryAZ
Gold Member
Posts: 949
Joined: Mon Nov 22, 2010 6:47 pm
Delivery Date: 12 Jun 2011
Location: Phoenix, AZ

Re: ComEd's Hourly Pricing Program

Tue Apr 26, 2016 8:44 pm

GerryAZ wrote:Interesting concept, but I will take my time of use with demand charge plan over real time pricing. Real time pricing could hit customers hard if something happens on the grid to cause a large price spike (remember the games played by ENRON and others in California that manipulated wholesale prices in the 1990s).

Gerry


For some reason the forum will not let me edit my post. ENRON scandal was in early 2000's not 1990's.

sub3marathonman
Posts: 232
Joined: Wed Nov 03, 2010 11:57 am

Re: ComEd's Hourly Pricing Program

Wed Apr 27, 2016 10:59 am

comedhourlypricing wrote:ComEd's Hourly Pricing Program helps EV owners lower their charging costs by taking advantage of hourly electricity prices which are typically low during the overnight hours.

If you live in the Chicagoland area watch this quick video https://www.youtube.com/watch?v=E6XC2vKfiKk on the program or check out the Hourly Pricing website https://hourlypricing.comed.com to learn more.

We have approximately 400 EV owners within the ComEd territory on the program.


I thought it should be pointed out that one "detail" that isn't mentioned is that those people on the Hourly Pricing Program are also billed a "Capacity Charge" which is calculated by ComEd based on a person's peak 5 hour demand for a year and averaged with ComEd's peak 5 hour demand for a year. I saw no prices listed for what this charge might be.

Now, this may or may not apply to ComEd, but somewhere long ago I read, and I believe it was Duke Energy although I'm not sure, but the utilitie(s) would contact high energy business users and warn them that a huge peak demand time could be occurring, and they could thus reduce their usage during this critical period. What that would then do is shift costs over to residential customers, who were not warned by the utility about this critical period, and allow the utility to charge a higher residential rate. It would be interesting if someone who knows more about this can add information, as I didn't really understand how the utility company benefited from this shift.

gschoen
Posts: 1
Joined: Sun May 22, 2016 2:00 am
Delivery Date: 13 Apr 2016
Leaf Number: 309850

Re: ComEd's Hourly Pricing Program

Sun May 22, 2016 3:14 am

I did this program for many years and saved quite a bit, without even adjusting my usage. I put a sample bill below so you could compare with the capacity charge, 5.27kw is high I use a lot of juice and didn't adjust usage for demand, though capacity charge multiplier was
$4.18609 so a lower demand doesn't make much of a difference if you use a lot of juice. The multiplier changes twice a year it's now like $1.50 but can vary. Below the last bill is the billing history so overall I saved a bit and could have more if I switched demand a little.

Overall I think it's a good program and to address the concerns of an earlier poster, you can switch back to the standard rate or another supplier if you so choose. You can check the pricing, current and historical, on their website and if enrolled get text messages if the price exceeds 10c or 14c. I thought it would be cool to integrate with home automation but I never did. I'm not on the program anymore because I moved outside of ComEd service territory but would continue to do the program otherwise. Overall since my participation began however many years ago I've saved over $1,000 vs the "standard" rate.

DETAILED COMPARISON OF HOURLY RATE TO STANDARD RATE
for the period 01/21/2016 to 02/19/2016
Service Location: Chicago
Rate: BESH - Single Family
Bill Group: 15

Electricity Usage
1066 kWh

Capacity Obligation
5.27 kW
Line Item Charges with Hourly Rate Charges with Standard Rates Savings with Hourly Rate
Electricity Supply Services $55.40 $69.42 $14.02
Electricity Supply Charge 27.97 62.52 34.55
Transmission Services Charge 7.88 11.96 4.08
Capacity Charge 22.06 N/A -22.06
Purchased Electricity Adjustment -5.33 -5.06 0.27
Misc. Procurement Component Charge 2.82 N/A -2.82

Delivery Services - ComEd $50.16 $49.77 $-0.39
Customer Charge 10.92 10.53 -0.39
Standard Metering Charge 4.36 4.36 0.00
Distribution Facilities Charge 33.64 33.64 0.00
IL Electricity Distribution Charge 1.24 1.24 0.00

Taxes and Other $19.95 $19.95 $0.00
Smart Meter Program 0.00 0.00 0.00
Environmental Cost Recovery Adj 0.41 0.41 0.00
Energy Efficiency Programs 3.68 3.68 0.00
Franchise Cost 5.65 5.65 0.00
State Tax 3.52 3.52 0.00
Municipal Tax 6.69 6.69 0.00

Total Current Charges $125.51 $139.14 $13.63

**************************
Period Start Date Period End Date Days In Period Usage (kWh) Bill Type Total Cost With Hourly Pricing** Total Cost With ComEd Standard Rate** Savings With Hourly Pricing Electric Supply Percent Savings Hourly Pricing Avg Supply Cost (c/kWh)
1/21/2016 2/19/2016 29 1066 R 125.51 139.14 13.63 20.20% 5.2
12/17/2015 1/21/2016 35 1233 R 146.19 158.27 12.08 15.60% 5.48
11/17/2015 12/17/2015 30 1065 R 129.63 139.84 10.21 15.30% 5.51
10/16/2015 11/17/2015 32 1089 R 141.76 145.75 3.99 5.90% 6.39
9/18/2015 10/16/2015 28 874 R 116.75 119.48 2.73 5.30% 6.36
8/19/2015 9/18/2015 30 1138 R 150.47 149.22 -1.25 -1.10% 6.66
7/21/2015 8/19/2015 29 1396 R 169.49 188.59 19.1 19.40% 5.78
6/22/2015 7/21/2015 29 1057 R 134.43 141.01 6.58 9.90% 5.99
5/20/2015 6/22/2015 33 1132 R 149.76 153.61 3.85 5.40% 6.6
4/21/2015 5/20/2015 29 1090 R 129.55 159.45 29.9 34.40% 5.29

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