As if it wasn’t bad enough, your electric bill might be going up again really soon. A new proposal by ComEd wants to raise the delivery rate by over $1.4 billion over the next four years. That $1.4 billion hike translates into $17 more per month on your electric bill by 2027 if ComEd gets their way.
ComEd has requested the price hike in an effort to strengthen grids. Per CBS News, under the four-year plan, the current average $93 monthly bill will see an initial monthly increase of $4.50 in 2024, bringing it to $97.50 per month or $1,167 annually. Year after year, rates will go up. By 2027, the average monthly bill will surge to $110 or $1,320 a year.
