Winter Electricity Prices

A message from the Hourly Pricing team

December 7, 2021

Thank you for your participation in Hourly Pricing. The country is currently experiencing a rise in electricity prices due to volatility in the energy market. Due to the fluctuations in hourly prices, using electricity during periods of high demand may have a higher impact on monthly bills.

We understand these unexpected price fluctuations can be frustrating. ComEd does not set the price of each kWh of energy that Hourly Pricing participants pay, nor does ComEd mark up or make any profit on the price of electricity.

Here are a few ways you can prepare for this fall and winter:

  • Keep an eye on the live prices page. In general, the best times to reduce energy use in the winter are 8–11 a.m. and 5–8 p.m.
  • Be prepared to shift your energy use when you receive Hourly Price Alerts. If you do not already receive alerts, enroll today in your My Hourly Pricing Account.
  • Sign up for Budget Billing to have a more consistent monthly payment.
  • Review our Energy Saving Tips for winter.

During this time of uncertainty, we understand if you decide Hourly Pricing may not be the best option for your home. To discuss your experience or to return to ComEd’s fixed-price rate, please contact us at info@ComEdHourlyPricing.com or 888-202-7787. You can leave Hourly Pricing at any time, but if you do, you will not be able to re-enroll for 12 months.

Questions

  • How does the cost of energy affect Hourly Pricing?

    The country is currently experiencing a rise in electricity prices due to volatility in the energy market. Increases in the price of energy can affect prices across industries, including wholesale electricity. Due to the price fluctuations, energy usage during peak periods may have a higher impact on monthly bills.

  • How are hourly prices determined?

    ComEd does not set the price of each kWh of energy that Hourly Pricing participants pay, nor does ComEd mark up or make any profit on the price of electricity. Market conditions, including weather patterns, determine prices, and the hourly prices are passed along. Transmission constraints can produce higher prices, as was seen across the regional grid last fall and winter.

  • When will prices go back to normal?

    Even though prices per kWh may be elevated during this time because of the influence of higher energy prices, general winter price patterns should remain similar to previous years. The best times to reduce energy use in the winter are between 8–11 a.m. and 5–8 p.m. If you do not already receive High Price Alerts, enroll today in your My Hourly Pricing Account. Please call us at 888-202-7787 to discuss your experience or to return to ComEd’s fixed-price rate. ComEd does offer Budget Billing as a way to smooth out large monthly variations in your electric bill.