UTIL-ELEC-REAL-TIME PRICING

Amends the Public Utilities Act. Authorizes the Illinois Commerce Commission, after notice and a hearing, to order an electric utility to file a tariff or tariffs allowing residential retail customers in the electric utility's service area to elect real-time pricing beginning January 1, 2007. Sets forth information required to be included in the tariff. Requires an electric utility providing real-time pricing to install an appropriate meter for customers who elect to use real-time pricing. Requires the electric utility to contract with a program administrator to develop a program of consumer outreach, education, and enrollment concerning real-time pricing and to establish and administer information and technical and customer assistance for management of electricity use. Authorizes an electric utility to recover reasonable costs incurred in complying with such an order. Requires the Commission to establish a demand reduction objective for each residential real-time pricing program and a timetable for achievement of the objective. Defines "real-time pricing" to mean tariffed retail charges for delivered electric power and energy that vary hour-to-hour (now, that vary on an hour-to-hour basis for non-residential retail customers and that vary on a periodic basis during the day for residential retail customers) and that are determined from wholesale market prices using a methodology approved by the Commission. Effective immediately.