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Familiar With This Picture?
ComEd customers are in for higher rates and bigger spending:
"There's really no sign of rates slowing down for customers of ComEd.
Rates have been on the rise since January of 2016.
In fact, customers are paying a full 13.5% more than they were back then. Another thing to keep in mind is that ComEd was given the right to adjust its rates to pay for grid updates costing $2.6 billion.
That means that customers will continue to be on the hook for the cost of infrastructure improvements for quite some time. In addition, regional power-grid administrators are likely to continue to charge ComEd high rates in an attempt to buffer against a glut of natural gas in the market.
Forecasters are also seeing a general rise in the costs of oil and gas as we head into fall" - (Coachman, Johnattan. “ComEd Rate Increases Will Impact Local Residents and Businesses Through 2019.” Chicagotribune.com, 26 Sept. 2018).