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Average ComEd Bill Lower Than Bills in 49 of 50 U.S. States in 2022

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ComEd reported that its average monthly customer bill in Q4 2022 was lower than in 49 out of 50 U.S. states, according to the U.S. EIA. Illinois holds the lowest average bill in the Midwest for a decade. Despite inflation, ComEd maintains competitive rates and strong reliability performance, with an improvement of 82% compared to pre-smart grid investment years. The company’s clean energy generation meets 95% of customer demand. ComEd is a unit of Exelon Corporation (NASDAQ: EXC), serving over 4 million customers in northern Illinois.

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  • Average monthly bill lower in Q4 2022 compared to 2021.
  • Illinois has the lowest average bill in the Midwest for ten consecutive years.
  • Reliable electricity service with 82% improvement since smart grid investments.
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ComEd offers industry-leading value, based on latest U.S. EIA cost data

CHICAGO--(BUSINESS WIRE)-- The average monthly ComEd customer bill in the fourth quarter of 2022 was lower than the average charges paid by customers in 2021 in 49 out of 50 U.S. states, based on an analysis of the latest information from the U.S. Energy Information Administration (EIA).

ComEd’s work to manage costs has contributed to Illinois having the lowest average 2021 bill in the Midwest for a tenth year in a row and among the five lowest in the U.S, according to a recent announcement by the Citizens Utility Board. The average ComEd monthly bill is currently lower than it was last year, even as inflation has driven many costs higher, and it is no greater than 10 years ago.

“ComEd is working to support customers through reliable, clean, and affordable energy,” said ComEd CEO Gil Quiniones. “We’ve worked over the last decade to control costs while focusing on enabling more clean energy and improving the overall reliability of our grid. Our investments are providing our customers with the best electric value in the nation.”

The combination of nuclear, wind, and solar facilities in the northern Illinois region generates enough clean energy to meet 95 percent of ComEd customers’ demand when they consume it.

In addition to consistently providing competitive rates, ComEd has continued its record of strong reliability performance in 2022. Overall reliability for the first 10 months of the year was better than in any prior year and 82 percent better than when ComEd began to increase its smart grid improvements in 2012. Since it began its smart grid investments, ComEd and its more than 6,200 employees have helped customers avoid nearly 19 million outages, saving more than $3 billion in outage-related costs.

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.

ComEd Media Relations

312-394-3500

Source: ComEd

FAQ

How did ComEd's customer bills in 2022 compare to previous years?

ComEd's average monthly customer bill in Q4 2022 was lower than in 2021.

What is ComEd's ranking in terms of electricity bills in the Midwest?

Illinois holds the lowest average electricity bill in the Midwest for ten years.

What is the significance of ComEd's smart grid investments?

Smart grid investments have improved reliability performance by 82%.

What percentage of ComEd's customer demand is met by clean energy?

ComEd generates enough clean energy to meet 95% of its customers' demand.

What company owns ComEd, and what is its stock symbol?

ComEd is a unit of Exelon Corporation, which trades under the stock symbol EXC.

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