What is the Purchased Electricity Adjustment?
The Purchased Electricity Adjustment (PEA) acts as the balancing mechanism to assure that ComEd’s supply charges exactly match supply costs over time. This balance is reviewed monthly and the charge rate is adjusted accordingly. ComEd’s revenues track the actual payments that ComEd must make to procure supply service. The Purchased Electricity Adjustment can be a debit or credit that addresses the difference, if any, between the actual amount of money collected from ComEd’s customers for electricity supplied and the cost incurred to supply that electricity. ComEd is taking steps to limit the amount that the PEA will vary from one month to the next. The supply cost are tracked (and the PEA is adjusted) separately for different customer groups. As a result, the Purchased Electricity Adjustments may differ between RRTP customers and customers on the standard fixed-rate service. In 2007 there were five months when this charge was the same for hourly and fixed rate customers. There also wer
