06/08/2025
Its been three years since ComEd started the "Carbon-Free Energy Resource Adjustment" (CFERA) on our utility bills that arrived from CEJA that showed up on the May 2022 bill with gangbuster credits that totaled $2.4B in the northern PJM territory of Illinois. Me personally I received a credit value of $337.21 in the first year.
Second year the brakes were put on due to a miscalculation by ComEd and "natural gas prices" that clawed back $1.1B of the $2.4B and that cost me $174.48 in year 2.
Year 3 came in for a landing costing me another $46.67.
Total net for the three years has been a credit of 116.06 on a total of 34,903 kWh or an average credit of 0.33 cents/kWh used.
This CFERA is a key component that is used to keep the Nuclear plants generating when the natural gas prices were high and allowing the non profitable nuclear plants to stay alive. Each of the nuclear generators have now likely fully cycled all the cores in the plants that cost ~$250M each every 1.5 years. 6 plants *2 cores*$250M = $2.5B - You can start to see the math?
The CFERA will end in May 2027 per CEJA.