Understanding ComEd's Price to Compare for Energy Savings
- Jessica Maggio Wion
- 1 day ago
- 3 min read
When you receive your electricity bill from ComEd, you might notice a term called the Price to Compare. This number plays a key role in understanding your energy costs and deciding whether to stick with ComEd or explore other energy suppliers. Knowing how the Price to Compare works can help you make smarter choices and potentially save money on your electricity.
What Is the Price to Compare?
The Price to Compare is the rate ComEd charges for the supply portion of your electricity. It does not include delivery fees or taxes. This rate acts as a benchmark for customers who want to shop around for alternative energy suppliers. If a third-party supplier offers a rate lower than the Price to Compare, switching could reduce your energy bills.
ComEd updates this price regularly, usually every six months. The rate reflects the cost of generating electricity and other supply-related expenses. Since ComEd remains the default supplier, the Price to Compare helps customers understand what they would pay if they do not switch.
Why the Price to Compare Matters
Understanding the Price to Compare is important for several reasons:
Compare offers from other suppliers
Many energy suppliers advertise rates below ComEd’s Price to Compare. Knowing this number helps you evaluate if switching is worth it.
Avoid surprises on your bill
If you switch to a supplier with a rate higher than the Price to Compare, your bill could increase. Checking this price first prevents unexpected costs.
Track market changes
The Price to Compare changes with market conditions. Watching it over time can help you decide the best moment to switch suppliers.
For example, if ComEd’s Price to Compare is 7 cents per kilowatt-hour (kWh) and a supplier offers 6.5 cents per kWh, switching could save you money. But if the supplier’s rate is 7.5 cents per kWh, staying with ComEd might be cheaper.
How to Find Your Price to Compare
You can find the current Price to Compare on ComEd’s website or on your monthly bill. It is usually listed as the “Electric Supply Price” or similar wording. The rate is shown in cents per kWh and may vary depending on your rate plan and usage.
If you want to shop for other suppliers, use the Price to Compare as a reference point. Many comparison tools and websites include this number to help you find the best deal.
Tips for Using the Price to Compare to Save Energy Costs
Check the Price to Compare regularly
Since the rate changes twice a year, review it before your contract with a supplier ends.
Look beyond just the rate
Some suppliers offer fixed rates, while others have variable rates. Consider contract length, fees, and customer service as well.
Calculate your potential savings
Multiply your average monthly usage by the difference between the Price to Compare and the supplier’s rate to estimate savings.
Beware of hidden fees
Some suppliers add extra charges that can offset lower rates. Read the fine print carefully.
Understanding Your Energy Bill
Your ComEd bill includes several parts:
Supply charges based on the Price to Compare or your supplier’s rate
Delivery charges for maintaining power lines and infrastructure
Taxes and fees required by local and state authorities
The Price to Compare only affects the supply portion. Delivery and other fees stay the same regardless of your supplier.
Knowing this breakdown helps you understand where your money goes and how switching suppliers impacts your total bill.
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