New Energy Efficiency Benefits Coming to Illinois Consumers

Lawndale News Chicago's Bilingual Newspaper - Business

Lawndale News Chicago's Bilingual Newspaper - Business

ComEd’s Energy Efficiency Program has excelled to new heights. To date, ComEd customers have saved a record-breaking $2.5 billion through energy efficiency programs and will save even more with a new plan to be filed under the Future Energy Jobs Act (FEJA) that will nearly double savings for customers and reduce electricity use in Illinois by 21 percent by 2030. On Wednesday, ComEd, along with members of the Illinois Clean Jobs Coalition, celebrated the milestone that has led to ComEd’s recent ranking as one of the top 10 most energy-efficient utilities in the nation by the American Council for an Energy-Efficient Economy (ACEEE). The celebration took place at Shedd Aquarium, which has saved nearly 1.5 million kWh and $131,000 through ComEd’s Energy Efficiency Program. ComEd also announced it will file on Friday with the Illinois Commerce Commission a new program that will provide energy efficiency funding of $350 million per year for each of the next four years. The expanded energy efficiency funding is a key provision of FEJA, passed by the Illinois General Assembly and signed into law by Governor Rauner last year. Through FEJA, which went into effect this month, ComEd’s investments in energy efficiency programs will almost double by 2030.

“Through FEJA, one of the nation’s best performing energy efficiency programs will get even better with more funding and innovation, bringing even greater value and savings to our customers,” said Fidel Marquez, senior vice president, Governmental & External Affairs, ComEd. Energy efficiency investments made through FEJA also will create thousands of clean energy jobs through expanded programs and energy innovation, while also preserving low rates and creating a competitive economic advantage for Illinois. “About 85,000 people in Illinois work in the field of energy efficiency. Those people are in cities across Illinois, including in the low-income communities that we serve,” said Anne Evens, CEO of Elevate Energy. “The Future Energy Jobs Act (FEJA) will push that number higher, as more customers and more types of facilities will be encouraged to take advantage of energy efficiency.” Shedd Aquarium has committed to reducing their energy consumption in half by 2020. For more information on the ComEd Energy Efficiency Program, visit ComEd.com/HomeSavings for residential customers and ComEd.com/BizSavings for business customers.

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