ComEd Multi-Year Plans Advance Region’s Economic, Climate and Equity Goals
- Outline grid work needed to maintain record-breaking reliability
- Support expansion of renewables and beneficial electrification
- Prioritize under-resourced communities, spur local job creation and investment
“ComEd has a critical role in ensuring the transition to cleaner energy is reliable and equitable for all,” said ComEd CEO
The grid plan reflects input provided in 15 ICC-led workshops, which involved hundreds of participants and dozens of presentations on energy issues and community and stakeholder priorities. Following an 11-month open process in which the ICC, other public agencies, and consumer, environmental and other groups will review the plan and costs, the ICC will issue a decision in
Multi-Year Plan Advantages
ComEd’s rate plan sets base rates and revenue requirements for four years, which provides greater predictability for customers while funding investments that are required to deliver at least 40 percent of benefits to equity investment-eligible communities. The plans align with ComEd 2030, the company’s recently announced vision for a carbon-free energy future that will benefit all communities and meet customers’ changing needs for the rest of this decade and beyond.
Each investment that ComEd plans helps ensure the safety, resiliency and security of the grid while meeting the demands of climate change, decarbonization and electrification, evolving customer needs, and increasing cyber and physical security threats – all with a focus on equity and affordability. Key areas of investment include:
- Improving service reliability and storm response: Upgrade andreplace poor-performing or obsolete cable, wood poles and other equipment; trim or remove trees near power lines; and deploy advanced analytics that help prevent power outages and improve restoration of service to customers.
- Supporting the clean energy transition: Enable safe and effective electrification of vehicles, homes and industry through necessary upgrades to power lines and substations to meet increased electric demand and invest in technology needed to integrate large of amounts of clean energy securely, safely and efficiently.
- Improving coordination with communities: Enhance community resilience to storms and resource management for storm restoration.
- Ensuring all communities can access and benefit from clean energy:Expand programs to prepare local residents for good-paying clean energy jobs and use the advanced communication network to close the digital divide in under-resourced communities.
Bills Among Lowest in Nation; Record-Breaking Reliability
ComEd’s average total monthly customer bill of
Maintaining a highly reliable grid with fewer and shorter power outages will continue to create savings for customers. ComEd’s reliability is among the best of all large
“We are encouraged that ComEd's plans will build greater resilience, improve the capacity to transition to clean energy and adapt to climate change impacts. We are pleased to support ComEd's multi-year grid plan,"
Expansion of Renewables and Beneficial Electrification
ComEd estimates that solar power on its grid, including rooftop and community solar systems, will grow more than five times from almost 500 megawatts (MWs) today to 2,700 MWs by 2030. In 2022, ComEd received a record-setting 19,292 applications from residential, commercial and industrial customers to connect solar panels and other distributed energy resources to ComEd’s grid, a 74 percent increase from the prior year. Sustaining this growth and preparing to serve more electric vehicles, buildings and industries while maintaining grid safety and reliability for ComEd customers will require physical and digital infrastructure upgrades.
“EV adoption has grown significantly throughout the country, and specifically in
Multi-Year Plans Support Jobs,
ComEd’s plan will support job creation as renewable energy rapidly expands and various sectors decarbonize. National economic and workforce applied research firm
“Illinois leads the nation in moving to a clean energy economy built by union labor,” said
In addition, the grid plan advances ComEd’s leading role in supporting economic growth across northern
“As businesses continue to increase their electrification needs, an affordable, reliable, and clean grid has never been more critical,” said
Performance Metrics Drive Accountability in Achieving Targets and Equity
ComEd’s plan is subject to ICC-approved performance metrics that set targets for grid performance and equity. They measure: continued improvement in reliability of the overall grid and greater resilience in environmental justice communities; reduction of peak electric demand on the grid; reduction of residential customer disconnections; reduction of the time it takes to connect distributed energy resources; and enhancement of service through the resolution of customer issues.
Metrics include ComEd’s spend with diverse suppliers and its impact on the economy. In 2021, ComEd spent
“Over the past 10 years, we have partnered with ComEd on various projects that have transformed communities like the
To continue to support customers who are working to make ends meet, ComEd recently added three new customer-assistance programs to its existing offerings to help income-eligible families and individuals access assistance options and manage their electric bills.
ComEd is a unit of
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