Fewer and shorter outages delivered societal savings of $1.1 billion
From 2012 to 2015, ComEd avoided more than 4.8 million customer interruptions with smart switches that automatically route power around potential problem areas, including 1.5 million avoided interruptions in 2015 alone. Outage avoidance enabled an estimated $1.1 billion in societal savings from 2012 to 2015.
Improved reliability, now in the top 10%
ComEd’s reliability performance is now in the top 10% of comparable U.S. utilities. 2013 and 2014 were the company’s best performances on record.
Accelerated storm recovery performance reduces outages by 44%
Despite more intense weather events, storm hardening work and accelerated restoration performance has resulted in a 44% reduction in the number of customer interruptions in 2015 as compared with a similar storm in 2005.
Reduces electricity delivery rates by $66.7 million
Strong cost management throughout the company and operational efficiencies from improved outage management have enabled ComEd to reduce delivery rates by $66.7 million—an average of $1 per month on the average residential bill—in 2016, achieving ComEd’s goal of passing-on savings to directly to ratepayers.
Enhances discovery of meter tamper and theft
With Silver Spring analytics, ComEd has significantly improved the efficiency of its revenue assurance operations. Using AMI data and proven algorithms, investigators have been able to increase the accuracy of remote theft detection to more than 95%.
Improves asset tracking for critical DA hardware
Operators have also improved their ability to proactively discover meter-to-transformer mismatches remotely. The algorithm is highly accurate, achieving a success rate of up to 90% in identifying and correcting mismatched assets. In total, the software estimates that 5% of meters are associated with mismatched transformers.
Reduces the cost of street lighting by 65%
ComEd expects the ability to monitor and control fixtures will reduce costs to manage its street lights by up to 65% due to increased efficiencies in operations, maintenance and energy use.
Supports economic growth
In addition to benefits to ComEd customers, ComEd’s smart grid program is also delivering benefits to the state of Illinois through job creation. ComEd work related to the smart grid program has resulted in more than 4,569 full-time equivalent jobs and over $4 billion in supply chain spend in Illinois as of April 2016.
Enables customers to control usage and costs with innovative demand side management programs
Smart meters are providing customers with better tools to track and manage their energy costs and usage. Participants in ComEd’s Hourly Pricing program are saving an average of 8% as compared with fixed-price rates.