Electric supply rates heading up beginning summer 2025

I wanted to alert you of some significant news potentially impacting your  electric supply costs. 

On July 20th, 2024, the Regional Transmission Organization that manages the electric grid across 13 states - announced the results of its annual Base Residual Auction(BRA) for the 2025-2026 delivery year (06/01/25-05/31/26).
 
This auction sets the capacity prices that power providers must pay to ensure reliable electricity supply.  The costs will be going up a weighted average of 750%! This will impact currently contracted accounts and accounts that are on the local utility rates.  So if you have COMED for electric supply, you will be seeing an increase in supply cost starting summer 2025.

https://www.utilitydive.com/news/exelon-pjm-capacity-auction-bge-talen-data-center/723163/
PJM capacity auction to lead to double-digit rate hikes for Exelon utilities: CFO

This cost increase will impact facilities in 13 states including  ComEd customers. Comed has estimated this increased capacity cost will raise their rates by 2 to 2.5 cents/kWh. That means starting June 2025 ComEd customers would see rates go from the current ~7 to ~9 cents/kWh.

That's a significant increase.

If you currently have Comed for electic supply, or have an electric supply contract coming due to expire in the next 3-4 months, please contact me to see what we can do to help your situation now.