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ComEd stands to lose 1.2M more customers

By: Barbara Vergetis Lundin |

More than 1.5 million residential ComEd customers are expected to switch to an alternative retail electric supplier by the end of 2012, driven by municipal aggregation programs whereby municipalities select a supplier on behalf of residents. Each resident then has the option to opt out of the program and either select their own supplier or remain with ComEd.

So far, more than 930,000 customers have switched with 60 more municipalities, including the City of Chicago, having municipal aggregation referendums on the November ballots. With these referendums comes the potential for another 1.2 million customers to switch in 2013 alone.

“The emergence of competition in the residential market is exactly what supporters of the law envisioned, and municipal aggregation is just one of many ways in which the competitive market continues to evolve,” said Anne Pramaggiore, President and Chief Executive Officer, ComEd.