If the market rate is higher than the fixed price, utilities may add a charge to customer bills to make up the difference. Under the CMC program, if the actual market rate for electricity is lower than the cost of CMCs, utilities can credit consumers for the difference – something they did last year, saving the average customer around $20 per month, according to a press release from Pritzker from the time. Constellation’s executive team is entirely made up of former ComEd and Exelon executives and managers. In early 2022, Exelon – which remains ComEd’s parent company – spun out its nuclear generation arm into an independent company, Constellation Energy. This guaranteed income was intended to entice Exelon, the then-owner of Illinois’ nuclear fleet, to keep open several plants it had planned to close. For residential customers, this fee currently accounts for around 7 percent of total monthly bills, depending on local taxes and electric usage. ComEd serves 3.8 million residential customers and 400,000 non-residential customers, according to data from the ICC. While businesses filed the complaint, the CFRA charge appears on residential customers’ bills as well. ComEd began collecting money from customers using CFRA in June. The complaint alleges the fee was calculated without proper oversight and asks the ICC to order ComEd to stop using CFRA to recover costs and reimburse the complainants for any fees already collected this year. The fee at the center of the complaint is the “Carbon-Free Resource Adjustment,” or CFRA. All five of the commission’s members were appointed by Pritzker. The Illinois Commerce Commission will consider the complaint, which could set a precedent allowing the oversight agency to have tighter control over how fees are calculated. Other major business groups have long warned that CEJA could result in increased energy costs, especially to large industrial customers, which are among the biggest users of electricity. It’s the latest salvo in the industrial sector’s opposition to elements of CEJA.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |