Commonwealth Edison Co. (ComEd) has filed to raise monthly electricity rates by about $4.25 for the average monthly residential electricity bill annually from 2024-2027 as it strengthens the grid and prepares for increased electrification. 

The Chicago-based Exelon Corp. subsidiary noted that its electricity utility customers currently see an average bill of $93/month, about 20% lower when compared with the 10 largest U.S. metropolitan areas. If approved, ComEd customers by 2027 would see a total increase of $17/month on their bills. 

The proposed investments into the grid and combined costs of regular operations is estimated to raise ComEd’s net revenue requirement from $3.76 billion in 2024 to $4.35 billion by 2027, according to the company’s petition to the Illinois...