ComEd Hourly Pricing Program Reaches Record Participation, While Saving Customers $63 Million Since 2007

Participants pay hourly market-based supply prices and can shift electricity use toward lower-priced hours.

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09/24/2026 - 07:30 PM

More than 70,000 residential customers enrolled in ComEd’s Hourly Pricing program, taking advantage of lower energy supply prices by shifting energy use to times when electricity demand is lower on the grid

CHICAGO--(BUSINESS WIRE)-- ComEd today announced that customers participating in its Hourly Pricing program have saved more than $63 million on electricity supply costs to date while helping reduce energy demand during periods of peak electricity use. The program has reached a record 70,000 residential customers following its largest single year of growth since launching in 2007. More than 80 percent of participants reduced their electricity supply costs compared with ComEd’s standard fixed-price supply rate in 2025.

ComEd’s Hourly Pricing offers customers the unique opportunity to pay electricity supply prices that vary by hour based on the real-time market conditions. By shifting energy-intensive activities such as charging electric vehicles, running appliances and cooling homes to lower-priced hours, participants can save on their monthly energy bills. The program also helps reduce demand during periods of peak electricity use, creating broader benefits for the electric system and electricity markets.

“Keeping energy bills as low as possible and helping customers manage their energy costs continues to be among the highest priorities,” said Ajit Apte, senior vice president of customer operations for ComEd. “The success of Hourly Pricing demonstrates that when customers have tools and information to make informed energy decisions, they can save money, reduce strain on the electric grid and contribute to a cleaner energy future. As participation continues to grow, especially among electric vehicle owners and customers with solar generation, programs like Hourly Pricing can help customers take advantage of the benefits of an increasingly electrified future.”

Hourly Pricing experienced unprecedented growth during 2025, adding over 16,000 new participants. Last year, the program delivered nearly $6.3 million in cumulative electricity supply savings to participating customers. Participants in ComEd’s Hourly Pricing program saved an average of $166 on annual electricity supply charges in 2025.

Growth was fueled in part by increasing adoption of electric vehicles and customer-owned solar and battery storage. In 2025, the number of participants with solar generation increased 109 percent to more than 8,000 customers, while self-reported electric vehicle and plug-in hybrid ownership among participants increased 69 percent to almost 22,000 customers. Nearly 30 percent of all 2025 enrollments were connected to ComEd's Electric Vehicle Charger and Installation Rebate Program.

“I am retired and can alter my electric usage easily by rearranging when I do tasks throughout the day. When living on a reduced income, every opportunity to lower my electric bill is welcome. Thanks for making it possible,” said Deb H., a ComEd Hourly Pricing participant since 2019.

Hourly Pricing benefits extended beyond participant savings in 2025. Independent analysis found that the program generated approximately $22.8 million in net benefits across the PJM regional power system, which manages the flow of wholesale electricity across the District of Columbia and 13 states, including Illinois. This occurred when participants shifted electricity use away from high-demand periods, which helped reduce strain on the grid, lower capacity costs and reduce wholesale electricity prices for consumers across the broader market.

The program also generated nearly $1 million in environmental benefits through reductions in carbon dioxide, sulfur dioxide and nitrogen oxide emissions and achieved an estimated aggregate peak load reduction of nearly 14 megawatts (MW), demonstrating how smart energy management tools can help customers lower costs while supporting a more efficient and reliable electric grid.

“We’re proud to be a long-term partner in ComEd’s Hourly Pricing,” said Dr. Anne Evens, CEO of Elevate, which administers the program. “Participants saved an average of $166 on their annual supply charges, a powerful reminder that small changes when we use energy can make a big difference. We look forward to seeing this program help even more households lower their energy bills in the years ahead.”

ComEd continues to expand the range of time-varying rate options available to help customers manage electricity supply costs. While Hourly Pricing allows participants to pay market-based electricity supply prices that change every hour, ComEd's newer Time of Day Pricing program offers predictable pricing structures with defined lower-cost periods for shifting energy use.

For customers who may be struggling to keep up with energy bills, ComEd also offers the Smart Assistance Manager (ComEd.com/SAM), a free online tool designed to help customers quickly identify financial assistance programs, payment arrangements, bill-management options and energy-saving programs that may fit their individual circumstances.

Customers interested in learning more about Hourly Pricing and determining whether the program may be a good fit for their household can visit ComEd.com/HourlyPricing.

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 4.2 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.