ComEd to credit bills nearly $20 per month thanks to Illinois CEJA bill
As a direct result of Illinois’ Climate and Equitable Jobs Act (CEJA), which created a Carbon Mitigation Credit program to support nuclear facilities, Commonwealth Edison (ComEd) recently submitted a plan to provide a 3.087 cent per kW hour credit to monthly customer bills.
If approved by the Illinois Commerce Commission (ICC), this filing would lead to lower bills for ComEd’s customers from June 1, 2022 through May 23, 2023. The average customer would knock off about $19.71 per month, or approximately $237 per year, as a result. According to the ICC, this will likely help offset recent supply charge increases caused by global events such as Russia’s invasion of Ukraine and the COVID-19 pandemic.
The credit will appear as a separate line item on utility bills titled Carbon-Free Energy Resource Adjustment.
“For clean energy to be impactful it must also be accessible, and I’m pleased that our Climate and Equitable Jobs Act will bring an average of $237 in annual savings to families using ComEd utility services,” Illinois Gov. JB Pritzker said. “I’m proud that our commitment to hit carbon-free power by 2045 is already bringing consumers savings just months after becoming law. I’ll continue to fight for the smoothest and most affordable transition possible for Illinois residents as we move toward a clean energy economy as a state.”
The CEJA credit program was made to preserve carbon-free, nuclear generation resources that might otherwise have retired — and in several instances, threatened to do so — instead of high carbon and other emissions facilities. As a result, nuclear plants are given support to meet annual costs as determined through an independent audit by the Environmental Protection Agency (EPA).
