Commonwealth Edison

About Commonwealth Edison

Commonwealth Edison is an investor owned entity headquartered in Chicago, Illinois and providing power to customers in 26 counties in Illinois including counties like Cook County, DuPage County, Lake County, Will County, and Kane County. A total of 2,968,210 residential customers, 233,465 commercial customer accounts, one transportation customer and 158 industrial customer accounts are supplied electricity by the company. On average, Commonwealth Edison bills their patrons a residential electricity rate of 14.35 cents per kilowatt hour. This is 0.24% higher than the state's average price of 14.32 cents, ranking the company at 45th out of 78 companies in Illinois for lowest average electricity rate. They had sales of 31,414,992 megawatt hours in 2022 by way of retail sales. The electricity sourced consisted of megawatt hours that they purchased via wholesale channels. They purchased 34,622,995 wholesale megawatt hours. In 2022, the supplier had revenue of $4,898,810,500 from retail electricity sales and $66,890,100 via wholesale channels. Their revenue from all electricity related activities was $5,543,280,400.

The average monthly residential power bill for a consumer of Commonwealth Edison is $80.42. Patrons of the company pay 40.86% less compared to the rest of the US. The company's consumers are faced with an average of 0.52 electrical outages per customer a year. These outages are on average 37.64 minutes, while the nationwide average is 1.45 outages per consumer and 171.11 minutes each outage. Electricity production is not part of the Commonwealth Edison business model, as they purchase electricity at wholesale rates from other providers to then be resold to their end users.