Hourly Pricing Overview
ComEd’s Hourly Pricing is an electric supply rate that lets you pay for electricity at the hourly market price. By shifting some of your energy use to lower-priced hours, you could save money on your monthly bills.
ComEd’s Hourly Pricing uses ComEd’s Rate BESH to determine your monthly electricity bills. BESH stands for Basic Electric Service–Hourly Energy Pricing. With it, the price you pay varies from hour to hour based on hourly market prices.
With Hourly Pricing, you could spend less money on your energy bills and more on what matters most to you. Since 2007, Hourly Pricing participants have collectively saved over $29 million on energy bills. Participants have saved an average of 15% on their energy supply costs compared to ComEd’s default fixed-price rate.
How It Works
With Hourly Pricing, you can take control of how and when you use energy. Shifting your energy use away from high-demand times could increase your potential to save on your monthly bills.
Hourly Pricing provides notifications about the best times to shift energy use, seasonal energy saving tips, monthly savings reports, tools to automate savings, and access to live customer support.
With ComEd’s Hourly Pricing, individual bills and savings vary month to month based on weather, market conditions and your energy usage habits.
Your Community Impact
Managing your energy use efficiently can lead to cleaner air and a healthier environment for future generations.
For example, by reducing your energy usage during higher-priced hours and estimated peak hours, you’ll help reduce energy demand overall, and reduce the release of emissions that contribute to global warming.
Since 2007, the Hourly Pricing community has prevented 97,382 metric tons of greenhouse gas emissions from entering the atmosphere. That is equal to the amount of emissions released by driving around the Earth 9,718 times!
Hourly Pricing Details
There is no participation fee or contract. You can leave Hourly Pricing at any time, but if you do, you will not be able to re-enroll for 12 months. Hourly Pricing is a ComEd rate, so your supplier will not change.
Electric Vehicle Owners
ComEd’s Hourly Pricing is an hourly electricity pricing option that could reduce the cost of charging your electric vehicle (EV). Hourly electricity pricing lets you pay less for electricity during off-peak times such as nights and weekends. By plugging in during off-peak times you can take advantage of lower electricity prices and reduce the overall cost of car ownership. Visit the Hourly Pricing EV page and ComEd’s EV Toolkit to learn how to maximize potential savings.
Load Guard is a service offered to all Hourly Pricing participants with a central air conditioner who are also enrolled in ComEd’s Central Air Conditioning Cycling program (AC Cycling). Load Guard runs from May 1 through October 31.
With Load Guard the price level is 14 cents at which Load Guard automatically moderates your central AC usage during high priced hours. When the price level is reached, Load Guard switches your central AC into a conservation mode for a two-hour period. During this conservation mode, your air conditioner’s compressor will cycle off and on every 15 minutes. This allows a cool indoor temperature in your home, but still protects you against extreme electricity prices.
Elevate Energy (Elevate) is the current administrator of ComEd’s Hourly Pricing. Elevate seeks to create a just and equitable world in which everyone has clean and affordable heat, power, and water in their homes and communities — no matter who they are or where they live. The organization has been involved in real-time pricing since ComEd first launched a pilot in 2003. Elevate (then called the Community Energy Cooperative) worked with ComEd to provide high quality customer support, and that successful pilot became the model for ComEd’s Hourly Pricing that exists today. The Hourly Pricing team at Elevate looks forward to continuing to help Illinois households get the best possible value from hourly electricity pricing. To learn more about Elevate, visit www.ElevateNP.org.
To Learn More
You can receive additional information and sign up for ComEd’s Hourly Pricing and Load Guard by visiting the FAQ page, or by calling an Hourly Pricing specialist at 888-202-7787. Prior to enrolling, we recommend that you review the frequently asked questions on the website and review ComEd’s Hourly Pricing Program Guide (pdf), which includes information on how to understand your Hourly Pricing bill. Obtenga información sobre Precios por Hora (Hourly Pricing) en Español.