Chicago Offers Assistance: Financial Aid up to $500 for Electricity Bills Starting in July
Hit Those Overdue Electricity Bills Where It Hurts: Aid Fund Opens July 7 for Chicago Residents
Listen up, Chicagoans! If you got a mountain of overdue electricity bills piling up, help is on the way. Starting July 7, you can tap into a fresh pot of cash to erase those charges, thanks to a new assistance program from ComEd. Here's the deets on applying and what you need to know.
Taking Care of Business with US$10 Million
This aid fund, worth a whopping US$10 million, primarily targets low-income individuals and nonprofit organizations. Don't worry, the money comes from generous donors: Exelon and managed by Chicago Housing Services (CHS) and the Salvation Army.
What can you expect from this helping hand? If you qualify, you'll receive one-time grants of up to US$500 for individual users and up to US$1000 for associations in northern Illinois. But, to nab this sweet cash, you'll need to meet some simple eligibility criteria: income at or below 300% of the federal poverty level and having overdue payments.
Once selected, eligible residents will receive a one-time credit on their next electricity bill, which will magically eliminate the amount owed on the overdue balances.
Applying for the Windfall: How to Sign Up
To apply for this life-saver, mark your calendars: the application period launches on July 7. Interested parties can apply through ComEd's official website.
This program is definitely a Godsend, given the shocking increase in electricity bills in town. In fact, the average customer's bill is set to soar by a whopping 10% next year, with average monthly bills of around US$108 per person.
"We got to help, even if it's just once. And this is one of those times," declared the CEO when speaking to the Chicago Tribune.
Understanding Rising Electricity Bills in Chicago
You might wonder, what's behind this eye-watering price hike? ComEd chalks it up to an increase in the electricity supply tariff, which they pass on to customers. This hike comes courtesy of PJM Interconnection, a regional transmission organization responsible for managing the electric grid in 13 states and D.C., including a mind-blowing four million customers in Illinois.
The company also pointed to factors such as the shutdown of fossil fuel plants, disparity between supply and demand pressures, and delays in connecting renewable energy providers to the grid as key drivers of cost increase.
So, keep July 7 circled on your calendar – it's time to tackle those overdue electricity bills and grab your piece of the aid fund. And for more news and insights, check out our Agenda EEUU Chicago website – we've got your back!
** energiesage.com Chicago's Electricity Bill Assistance Program: How to Apply**
- Enrichment Data:
- To apply for Chicago's electricity bill assistance program starting July 7, 2023, follow these steps:
- Website Link: energiesage.com
- ComEd (the primary electricity provider in Chicago) announced a $10 million Customer Relief Fund designed to assist low- to moderate-income customers with one-time grants of $500 to offset increased electricity costs. Nonprofit organizations may qualify for grants up to $1,000[1].
- Applications for this assistance opened on July 7, 2023. ComEd customers can apply for this relief fund online through ComEd's official website or customer assistance portal starting from that date[1].
- To qualify, you generally need to be a low- to moderate-income residential customer of ComEd. Make sure you have your ComEd account information ready when applying online[1].
- If you are unsure or need further assistance, you may contact ComEd customer service for guidance on applying or check their website for the application link that opened July 7, 2023[1].
- Start preparations today for the upcoming application process for the ComEd Customer Relief Fund, a $10 million program that provides one-time grants of up to $500 for individuals and up to $1000 for associations in northern Illinois, aiding in personal-finance strains caused by high electricity bills.
- In the realm of finance and business, this aid fund is noteworthy, as it targets low-income individuals and nonprofit organizations, providing general-news worthy relief to Chicago residents dealing with mounting electrical bills. To submit your application, visit the official ComEd website starting July 7.
