Base Power Launches in Chicagoland as Electricity Costs Surge, Cutting Customers’ Supply Bills 25% Below ComEd’s Fixed Rate
As electricity costs surge, Base's expansion brings Chicagoland homeowners a smarter way to power their homes, lower bills and keep the lights on if the grid goes down
Base Power launched today across the Chicagoland area, bringing homeowners in ComEd’s service area a new way to lower electricity supply costs while adding whole-home backup power.
Base installs a battery in every participating home and uses the battery to reduce the cost to serve customers during peak-demand times when the grid is most stressed and power supply is increasingly scarce. In its offering to ComEd customers, Base members will get their energy supply at rates at least 25% below ComEd’s default supply rate. The battery also provides backup power for essential household equipment, including sump pumps, during outages like those many experienced during recent severe storms which left +400k without power.
The launch comes as homeowners across the Chicagoland area face rising electricity costs. Since the beginning of last year, ComEd’s supply rates have increased more than 50%, primarily driven by a shortage in capacity in the PJM market and escalating fuel prices. Supply charges make up more than half a typical ComEd customer’s bill.
