Condo owners are usually not privy to all the ins-and-outs of the management of the building they live in. After all, that’s the job of the property management company. Still, every once in a while, it’s interesting to know about what exciting developments are happening to your building. One exciting feature happening to buildings all over Chicago is the ComEd smart meters that are now installed on almost every building in the city.
There are number of benefits that come with this new generation of meter:
Access to online energy-management tools, high-usage alerts and weekly reports summarizing daily electricity usage to help manage electric bills.
- The option to enroll in ComEd’s Peak Time Savings program, and earn a credit on electric bills by voluntarily reducing electricity use when it is most in demand.
- The option to pay the hourly market price for electricity by signing up for Hourly Pricing and save money by shifting electricity use to times when prices are lower.
- Fewer estimated bills, and no need for a meter reader to visit your home.
Most of these benefits don’t apply to you directly as a condo owner, but your building as a whole will benefit from them, and the cost savings will be passed down to everyone who has a stake in the building.
If you have any questions about these smart meters, or if you’re wondering if your building has one installed, get in touch with us! You can also find more information about smart meters by visiting the ComEd website.