Dive Brief:
- After prodding from Illinois regulators, Commonwealth Edison plans to speed up its smart meter rollout.
- Chicago-based ComEd plans to switch out all its customers 4 million meters for smart meters by 2018, three years ahead of schedule. The Exelon subsidiary says the plan will save customers $150 million.
- In 2012, ComEd pushed to delay the smart meter installations because the utility wasn't sure it would be fully compensated for the investment.
Dive Insight:
Last month, the Illinois Commerce Commission ordered ComEd to increase its energy efficiency savings. The ICC told ComEd to use smart meters to help wring out more energy savings.
"An accelerated deployment of smart meters in Chicago will provide more residents with the opportunity to conserve electricity and save money," Chicago Mayor Rahm Emanuel said. "A modern, high-tech electric infrastructure is essential for Chicago's global economic competitiveness."
