CHICAGO--(BUSINESS WIRE)--The Future Energy Jobs Act (FEJA) went into effect as Illinois law on June 1st and will result in some immediate savings and a few line item changes on ComEd residential customer monthly statements.
FEJA, energy legislation that passed the Illinois General Assembly with broad bipartisan support and was signed into law by Governor Rauner last year, helps to pivot Illinois to the new clean economy by growing renewable energy resources and significantly expanding energy efficiency programs that help customers save energy and money.
The immediate savings on customers billing statements are a result of the temporary removal of the energy efficiency charge of about $2 per month and will help offset a new $1 charge that begins in June to support zero-carbon energy supplied to Illinois.
Beginning in June the following FEJA-related line item changes will appear on ComEd residential customer monthly statements:
Renewable Portfolio Standard
An existing charge - which has been embedded in the supply charge is now a separate line item – that helps support the development of residential and commercial renewable energy from wind and solar in Illinois.
Zero Emission Standard
This new line item supports zero-carbon energy supplied to Illinois.
Energy Efficiency Programs
Beginning in May an existing line item with a $2 charge has been set to $0 and temporarily removed from bills.
To inform customers and help them understand the changes to their bill, ComEd is including a fact sheet within customer bills to be mailed out throughout the month of June.
FEJA’s benefits will ramp up over the next several years, for more information about the components and benefits of FEJA, please visit www.futureenergyjobsact.com.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon Corporation (NYSE: EXC), the nation’s leading competitive energy provider, with 2015 revenues of approximately $34.5 billion. ComEd provides service to approximately 3.9 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com, and connect with the company on Facebook, Twitter and YouTube.