Commonwealth Edison (ComEd) Commercial Energy Pricing Overview
Commonwealth Edison (ComEd) Commercial Energy Pricing Overview
Current Commercial Energy Rates
As of October 2024, the ComEd Price to Compare for commercial customers is set at 6.47 cents per kWh, covering both electric supply and transmission charges for non-summer months (October 1, 2024 – May 31, 2025)(
). The pricing varies seasonally, with historical fluctuations typically seen in both summer and non-summer rates. For context, ComEd’s commercial energy rates have seen recent slight reductions compared to previous months, such as a rate of 6.85 cents per kWh in September.
Historical Commercial Energy Rates
The table below outlines a brief history of ComEd’s commercial rates over the past few years, highlighting both supply and transmission charges:
| Month | Rate (cents/kWh) |
|---|---|
| October 2024 | 6.47 |
| September 2024 | 6.85 |
| October 2023 | 6.872 |
| June 2023 | 7.877 |
| October 2022 | 12.236 |
| October 2021 | 5.407 |
The chart shows that ComEd’s prices have experienced volatility, with significant peaks in 2022 and lower rates in 2021 and early 2023(
).
ComEd Service Area and Pricing by Location
ComEd serves over 4 million customers in northern Illinois, covering 11,400 square miles and including major cities such as Chicago, Aurora, Naperville, Joliet, and Rockford(
). Each of these areas falls under deregulation, allowing commercial customers to compare rates from multiple energy suppliers. Here’s a breakdown of the average commercial electricity prices for key locations in ComEd’s territory:
- Chicago: 6.47 cents per kWh
- Aurora: 6.85 cents per kWh
- Naperville: 6.50 cents per kWh
- Joliet: 6.80 cents per kWh
- Rockford: 6.60 cents per kWh
These rates apply for standard commercial accounts; however, businesses can potentially lower costs further through participation in energy choice programs or by selecting alternative suppliers.
Company Background and Stock Information
Commonwealth Edison (ComEd) is a subsidiary of Exelon Corporation, a publicly traded company (NASDAQ: EXC) headquartered in Chicago, Illinois. Exelon’s stock has shown stability with moderate fluctuations typical of the utility sector. As of October 2024, Exelon’s stock is trading at approximately $43.67 per share, reflecting its steady performance in the energy market. The company’s valuation and stock outlook remain positive due to its strong customer base and diverse energy portfolio.
Future Outlook for ComEd’s Commercial Electricity Rates
According to industry analysis and regulatory filings, ComEd’s commercial electricity rates are expected to remain relatively stable through mid-2025, barring unexpected changes in market conditions or regulatory adjustments. Recent ICC rulings have aimed to cap excessive rate increases, thus offering some predictability for business customers.
However, businesses should remain vigilant, as the Illinois Climate and Equitable Jobs Act may lead to changes in energy policies and infrastructure investments that could impact future rates. Businesses in the ComEd service area should regularly compare available rates and consider long-term contracts to hedge against potential price hikes.
Recommendations for Businesses
To navigate the complexities of commercial electricity pricing, businesses in ComEd’s service area should:
- Compare Rates Regularly: Utilize energy choice programs to evaluate alternative suppliers.
- Consider Demand Response Programs: Participate in ComEd Peak Time Savings to reduce costs during peak usage periods.
- Explore Long-Term Contracts: Lock in lower rates through multi-year agreements with alternative suppliers to mitigate rate volatility.
For more detailed pricing options and to discuss customized energy solutions, contact Group Energy at:
- Phone: 402-431-2646
- Website: GroupEnergy.org
- Email: support@groupenergy.org