ComEd accelerates smart meter rollout
Quick Take: After years of stories about smart meter delays, it's interesting to read about a utility that is trying to go faster. In fact, a utility that has been asked to go faster by its regulators. â€“ Jesse Berst
Commonwealth Edison Company (ComEd) seeks to accelerate the timetable for installing smart meters. The Illinois Commerce Commission has directed the utility to complete installation of more than 4 million smart meters by 2018, instead of the currently scheduled 2021.
The speed up will save more than $150 million over the previous installation costs, as reported via Business Wire. â€œAn accelerated deployment of smart meters in Chicago will provide more residents with the opportunity to conserve electricity and save money,â€ said Chicago Mayor Rahm Emanuel. â€œA modern, high-tech electric infrastructure is essential for Chicagoâ€™s global economic competitiveness.â€
Even consumer advocacy groups seem to be on board with the program. â€œFaster deployment of the smart grid makes economic sense for Illinois consumers,â€ said David Kolata, executive director of the Citizens Utility Board (CUB). â€œNot only will it lower overall implementation costs through economies of scale, but it will also allow consumers to more quickly access smart grid benefits, including improved reliability, better energy efficiency, and new, money-saving power pricing programs.â€
Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon Corporation (NYSE: EXC). It provides service to approximately 3.8 million customers across northern Illinois, roughly 70% of the stateâ€™s population.
Jesse Berst is the founder and Chief Analyst of SGN and Chairman of the Smart Cities Council, an industry coalition.
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