Default Capacity Charge for new Customers

[Randy - RRTP since Aug 2012]

 

Anyone find out (or calculate) what the default charges for New Customers will be?

The Peak Hours will be the same as we've seen before, but the Capacity Charge obligation will be different per Customer Class.

 

From the FAQs on the wattspot site.
If you have not yet had an RRTP meter in place for a full summer, your Capacity Obligation is set by using averages of peak demand for your customer class.

 

ComEd’s four residential customer classes are:

1. Single Family Non-Electric Space Heating,
2. Single Family Electric Space Heating,
3. Multi-Family Non-Electric Space Heating, and
4. Multi-Family Electric Space Heating

[Ryan Ziolko]

Old thread, but that's a great question.  It'd be nice if ComEd was upfront about this value.

It's also a shame that they can't use your past data if you had a smart meter installed for the previous summer.  Whoever is in my class uses _a lot_ of electricity during the 5CPs.  Can't wait until my PLC kicks in in a few months.

Regards,

Ryan

[Randy - RRTP since Aug 2012]

Agreed.  Would still be good to have it documented, yeah.

The recent article that showed most people could save 15% w/o doing a thing was very interesting to read.

I'm considering signing up now that I can leave immediately if I'm not happy w/ the billing.  

Given that most of us who TRY to sign up now (30 day cutover) won't be in for all 10 peak periods this summer, we would be living with the default capacity charge until June of 2020 at this point.

[Jerry Fountain]

On the flip side, I’m considering exiting.  After many years of good savings, the past two years have only been break even *at best* with several months a loss.  A little has to do with the capacity charge (currently $36.35/month), but in general despite using a little less each month as I replace lights with LEDs, my “savings” over the last 11 months has been a whopping $4.15 total. In previous years there have been a few “bad” months, but now it has been 6 bad of the past 11 months. With almost no savings to show for it, it’s almost like shorting a stock, all risk with little reward.  One really bad month with spiking prices and all the savings for the year will be eaten.  Most of the real opportunity seems to be in timing the capacity charge right (we’re averaging about 1200 kWh per month).

 

Still in it for now.  Probably should sign up for the Load Guard credits on the AC (we have gas heat), but I’ve got kids and spouse home during the day over the summer so it wouldn’t be a popular option.

 

I’d love to go solar, but the house has a steep pitched roof with the ridgeline running N-S meaning panels would only get sun half the day, and at non-optimal angles.

 

Jerry

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[Randy Bovay]

Jerry,

Interesting.  Your 1200 KWH per month is near mine, as well as the at-home use during they day.

It's been a while since I've tried to determine what the deltas in the programs are.  Mind sharing your spreadsheet or calculations?

On the other point, I was on some of the low-cost provider options for a while where I could get a promotional rate of 4.5 to 5.0 cents.
The downside is that they would always raise the rate to higher than ComEd after the lock-in period was over, and you have to call THEM to cancel... which is only on the NEXT bill.

So, unless you were diligent about switching a month in advance, you'd also get stuck with a high rate for 1-2 months.

I did like MC squared for getting a lowER rate that I could lock in for a year.  I've not seen their prices be competitive lately though.

Appreciate your thoughts.

-Randy

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-Randy