1. ComEd's Energy Efficiency Program saved customers over $12 billion since 2008. 2. The program is credited with reducing usage equivalent to powering 12 million homes. 3. Annual customer incentives for energy efficiency upgrades total $223 million. 4. The program avoids over 77 billion pounds of carbon emissions. 5. Local contractors benefit through job opportunities created by the program.
The substantial savings and environmental impact from ComEd's program indicate strong operational health. Similar past programs have uplifted utility stocks during energy transitions.
The article highlights significant achievements in energy efficiency that resonate with EXC's long-term strategic goals. Utility companies focusing on energy sustainability often enjoy favorable market sentiments.
Sustained energy savings and improved efficiency will enhance customer loyalty and revenue streams over time. Historical trends show that utility companies focusing on sustainability see long-term stock gains.
ComEd's EE Program, One of the Largest in the Nation, Continues to Help New Customers Reduce Energy Usage and Costs, While Saving Enough Energy to Power 12 Million Homes for a Whole Year
ComEd today announced that its industry-leading Energy Efficiency (EE) Program has helped customers save more than $12 billion on their energy bills since its launch in 2008. This achievement reflects the dedication of partners, customers and communities working together to build a cleaner, more efficient energy future. The milestone was celebrated at Fox Ridge Apartments, a 48-unit complex in South Elgin, IL, which received a $302,000 rebate through the award-winning program for extensive energy-efficiency upgrades including lighting, heat pumps and weatherization.
"ComEd is proud to support our customers with EE offerings that can help families and businesses reduce energy use, lower bills and contribute to a cleaner environment," said Melissa Washington, Senior Vice President of Customer Operations and Strategic Initiatives at ComEd. "This milestone reflects our commitment to empowering customers to switch to energy-saving technologies and practices that can help reduce energy usage during peak summer season and year-round."
EE provides customers a viable way to reduce their own energy usage and costs, at a time when typical ComEd bills have seen a recent increase due to increases in capacity market prices alongside higher usage with this summer's extreme heat. Customers who participate in EE offerings receive incentives for products that range from appliances to heating and cooling systems.
To support customers, the ComEd EE Program, which has expanded annually since its launch in 2008, delivers an estimated $223 million in customer incentives each year. These incentives help offset the cost of upgrades that improve energy efficiency and reduce carbon emissions, while also creating opportunities for local contractors and tradespeople.
"I am always looking for ways to improve the living experience for our residents, and thanks to ComEd's Energy Efficiency Program, we received a $302,000 rebate that helped us install new lighting, heat pumps and weatherization improvements," said Vijay Gupta, owner of Fox Ridge Apartments. "Our residents are already seeing the difference—lower bills, better temperature control and a more comfortable home. These improvements will continue to pay off for years to come."
The impact of the EE Program goes beyond the individual customer savings. Since 2008, the program has helped curb usage of 103 million megawatt-hours of electricity. This is enough energy to power more than 12 million ComEd customer homes for one year. The program has also helped avoid more than 77 billion pounds of carbon emissions that contribute to climate change, which is the equivalent of removing 8.2 million cars from the road for one year or planting more than 35 million acres of trees.
"Energy efficiency remains one of the most effective tools for building a cleaner, more affordable energy future," said Paige Knutsen, Executive Director of the Midwest Energy Efficiency Alliance (MEEA). "Efficiency programs help families and businesses use energy smarter, reduce costs, and strengthen the reliability of our energy systems. ComEd's leading energy efficiency program is a strong example for how we can support customers in taking energy management into their own hands and lower energy expenses for families that need it most."
Today's announcement was attended by local leaders and energy stakeholders, including South Elgin Deputy Village Administrator Megan Golden, South Elgin Community Development Director Nancy Hill, Illinois Commerce Commissioner Stacey Paradis, State Representative Dan Ugaste and Executive Director of MEEA Paige Knutsen.
For more information about the ComEd Energy Efficiency Program, visit ComEd.com/Programs. Business customers can visit ComEd.com/ForYourBusiness.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ:EXC), a Fortune 200 company and one of the nation's largest utility companies, serving more than 10.7 million electricity and natural gas customers. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state's population. For more information, visit ComEd.com, and connect with the company on Facebook, Instagram, LinkedIn, X and YouTube.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250827936239/en/
ComEd
Media Relations
312-394-3500