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Illinois Electricity Rates

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Illinois energy rates

If you live in the state of Illinois, you’re among a select group of states that can choose their own electric and natural gas providers. Thanks to energy deregulation, there’s a more competitive marketplace for Illinois electricity rates and you can have more control over utility bills. 

How to find the best electricity rates in Illinois

Illinois electricity rates can vary at different times of the year. Rates can be different because of issues like energy usage and wholesale energy prices. Check out what prices are doing in your area in live time through SaveOnEnergy’s unaffiliated marketplace by:

  • Pulling up the best electricity rates in Illinois: You just need to call the number on your screen or enter your ZIP code. You can compare electric rates in Illinois side by side from providers available in your ZIP code. You can also use the filters to help narrow down your search.
  • Sign up in minutes: You just need to sign up online once you’ve found a plan that works best for you. If you need questions answered or clarification about the plan, you can call the number on your screen to talk to our energy experts. The whole process is easy and only takes several minutes.
  • Enjoy your new energy plan: After you have signed up for your new plan, the energy provider is in charge of the transfer of the service. You just need to sit back and enjoy the savings on your energy bill.

Electricity rates in my area

It’s important to know that different parts of Illinois could have varying rates, even if residents have the same plan. For example, if you live in Chicago, your electric rate could be different than someone who lives in Aurora. Items like utility transmission charges can make rates different across the state. That’s why it’s important to enter your ZIP code to see what rates are in your area. Simply enter your ZIP code above, and you can explore your local providers, their rates, and the types of plans available in your area. 

Moving to Illinois?

For those of you who are moving to Illinois, using the SaveOnEnergy marketplace can help you compare Illinois electricity rates. To get started, enter the ZIP code of your new home. Then, you can compare electric rates in Illinois across multiple providers and plan types.

SaveOnEnergy’s tips for easy electricity service setup

  • Don’t forget to read your plan’s Electricity Facts Label before signing up. It contains important information including:
    • Price per kilowatt-hour based on usage
    • % renewable energy sourcing
    • Early termination fees
  • Enjoy hassle-free supplier setup. Once your order has been confirmed, your new supplier will set up service with your utility, or transmission and distribution service provider (TDSP) – but don’t worry, there shouldn’t be any interruption to your power during the switch.
  • Understanding your electricity bill. Your local TDSP will still deliver your electricity and maintain electric infrastructure including meters and power lines. Your utility fees can be found as TDU or TDSP charges on your monthly bill. They are independent of your supplier rate.

Types of electric plans in Illinois

You have several options for energy plans in Illinois. Each plan has its own advantages and incentives. If you need help finding the best plan for your situation, call the number on the screen for expert assistance.  

Fixed-rate plans in Illinois

Through fixed-rate plans, your rate gets locked in for the term of the contract, often for 12 months or more. The top perk with these plans is that your rates stay about the same, even if the wholesale energy prices change. For cons, if you need to leave the contract you’ll likely pay an early termination fee.    

Variable-rate plans in Illinois

For these types of plans, your monthly bills reflect wholesale energy costs. What that means is you could pay more if energy rates spike, or you could save if energy rates go down. You can often leave these plans at any time, as contract terms tend to be flexible. 

No-deposit and prepaid energy plans in Illinois

Many providers require a deposit before service begins if your credit score is not at a certain threshold. No-deposit plans can help you avoid this hassle, which you can search for in the SaveOnEnergy marketplace by entering your ZIP code. One main type of no-deposit plan is the prepaid plan; you put money into an account and that account funds your monthly energy bills. The provider will notify you when the account begins to run low. 

Green energy plans in Illinois

Green energy, including solar power, is getting much more common in Illinois. If you want to join the green energy movement and pick a renewable energy plan in your state, simply put in your ZIP code and filter for renewable energy plans to see if any are available near you.    

Business energy plans in Illinois

Businesses also have the power to choose their providers, thanks to deregulation. To access information about business plans, go to our business energy page or call the number on your screen to get information about plans that can work for your commercial needs. 

Cheap energy prices in Illinois

Illinois electricity rates can change throughout the year because extreme temperatures can put a strain on demand. So you might try searching for plans when there is less demand, such as spring or fall, which could turn up better rates.  

To help you find cheap electricity rates, be sure to check the SaveOnEnergy marketplace regularly to find what rates are doing throughout the year. This is a good way to find cheap electricity in Illinois. 

Energy providers and utility companies in Illinois

There are three utility companies in the state of Illinois — Ameren Illinois, ComEd, and MidAmerican. Utilities maintain power lines, restore power outages, and deliver the electricity you purchase to your home.

There are dozens of Illinois electric providers to choose from. These are the companies you’ll purchase your electricity from based on their plans and Illinois electricity rates. Among these Illinois electricity providers are Clearview Energy, Direct Energy, and Spark Energy. 

Contact your Illinois utility company

Are you in the middle of a power outage? In this case, you would contact your utility, which you can find more about in the link below:

Not sure what kind of energy plan will work for your home?

What plan is right for you can depend on your home and budget. As such, we have guides that can help, like no-deposit plans, solar energy, or energy-saving tips, just for starters. Also, check out the SaveOnEnergy usage calculator to see how much energy you’re using each month, as what plan is right for you can depend on your monthly energy usage.   

Illinois energy FAQs

Is the natural gas market deregulated in Illinois? Expand / Collapse Toggle

Yes, Illinois does have a deregulated natural gas market. You can learn more about natural gas markets in our guide

What is the best provider in Illinois? Expand / Collapse Toggle

That depends on which plans are near you and what you are looking for in a plan. For instance, searching the 60411 ZIP code showed Illinois electricity rates running from 7.29 cents per kWh to 9.99 cents per kWh in this ZIP code at the time of writing. Terms also ran from six months to 36 months. If you wanted a rate locked in as long as possible, for instance, the provider with 36-month plans might be the best choice for you. If you’re just looking for the cheapest price, you’d go with the lowest rate plan. In this case, the 36-month plan and cheapest plan are one and the same, offered by Constellation.    

How can I lower my utility bill in Illinois? Expand / Collapse Toggle

You can lower your energy bill with tips like turning your thermostat down, finding Energy Star appliances, and fixing any air leaks. But you can also save through checking the SaveOnEnergy marketplace to see what rates are doing during the year. We can help make picking a plan easier. 

What is the best energy plan in Illinois? Expand / Collapse Toggle

You should determine which energy plan is best for you based on your energy usage and billing needs. Pre-paid plans can be good if you like paying into an account on your schedule. If you like the idea of a fixed rate and are ok with paying a little more when energy rates are low, go for a fixed plan. People with flexible monthly budgets tend to prefer variable-rate plans, since you can save when wholesale energy prices go down. A renewable energy plan might also be a priority for you.

New to energy deregulation? Need help finding a plan?

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