ComEd and Technology Start-Up MeterGenius Join Forces to Help Customers Save Energy and Money

Nearly 6,500 randomly selected ComEd customers with smart meters are
participating in a six-month pilot that will help them efficiently
manage and reduce their energy use and save money. The pilot is part of
a partnership with Chicago-based electric utility ComEd,
and MeterGenius,
a start-up company focused on customer engagement solutions for energy
providers. The partnership itself is an outcome of ComEd’s
SmartGridExchange℠ forum that connects the utility with local
universities and start-ups to explore and design new innovative products
and services that help customers benefit from smart grid technology.

Pilot participants will have unlimited access to MeterGenius’ web and
mobile applications, which will allow them to budget and track the
details of their energy usage by the hour, day, week or month. They also
will receive monthly communications with customizable tips on how to
lower their electricity bills, and energy-efficient habit reminders such
as defrosting your freezer on a regular basis in order to increase its
efficiency.

“Innovative smart meter solutions benefit our customers by giving them
control to monitor their energy use, lower their consumption and reduce
their monthly electric costs,” said Val Jensen, ComEd’s senior vice
president of Customer Operations.

In addition, by using MeterGenius’ tools participating customers can
earn points that can be redeemed for gift cards and energy efficient
products, as well as register for weekly competitions with other program
participants to see who can lower their electricity consumption the most.

“By providing incentives for customers to control electricity use, we
believe we can help promote sustainable energy habits while also helping
customers save money,” said MeterGenius CEO Ty Benefiel. “We are
thrilled to be working with ComEd on this project and hope this can be
expanded upon in the future.”

MeterGenius, a technology startup created in Northwestern University’s
NUvention (an energy entrepreneurship course) also won first place in
the Illinois Clean Energy Student Challenge 2014, a business competition
sponsored by the U.S. Department of Energy and administered by
Chicago-based Clean Energy Trust. MeterGenius leverages the smart meter
network to show participants their 30-minute usage data.

About ComEd

Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon
Corporation (NYSE: EXC), the nation’s leading competitive energy
provider, with approximately 7.8 million customers. ComEd provides
service to approximately 3.8 million customers across northern Illinois,
or 70 percent of the state’s population. For more information
visit ComEd.com,
and connect with the company on Facebook,
Twitter
and YouTube.

About MeterGenius

MeterGenius, which is headquartered in St. Louis, Missouri, is a
customer engagement solution company for electricity providers.
MeterGenius builds Web and mobile applications that electricity
providers can offer to their customers in order to help them lower their
energy consumption and get rewarded for doing so. By changing the way
residential customers think about electricity, MeterGenius is helping
electricity providers leverage smart grid technology to create smarter,
more energy-conscious consumers. For more information, visit metergenius.com
or connect with the company on Facebook
and Twitter.

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