Find the Best Electricity Rates in Illinois – Compare & Save on Energy Plans

Illinois Average Electricity Rates (February 2025)

In Illinois, the typical residential electricity rate stands at 17.21 cents per kilowatt-hour (kWh). This rate is 1.1% higher than the national average, which is 17.01 cents per kWh.

For commercial customers in Illinois, the average electricity rate is 11.54 cents per kWh, which is around 5.5% lower than the national average rate of 12.22 cents per kWh.

Average Monthly Electric Bill in Illinois

The average electric bill for Illinois residents is $115.13 per month. You can estimate your own energy bill by multiplying the average rate (17.21 cents per kWh) by your monthly energy consumption. According to the Energy Information Administration (EIA), Illinois residents typically use about 669 kWh of electricity each month.

Understanding Energy Deregulation in Illinois

Illinois has had a deregulated electricity market since 1997, which allows consumers to choose their electricity supplier rather than being limited to the local utility company. This deregulation fosters competition, often leading to more affordable rates and better terms. For more information on how to make an informed decision, you can visit the Illinois Commerce Commission’s official electric choice website, Plug In Illinois.

For those new to deregulation, choosing a provider can seem daunting. Choose Energy offers a free energy marketplace that simplifies comparing electricity rates and plans available in Illinois. Simply enter your ZIP code to explore options and find the most suitable electricity rates in your area.

Energy Suppliers and Utility Providers in Illinois

In Illinois, you’ll interact with two types of companies when it comes to electricity:

Energy Suppliers

Energy suppliers are responsible for selling electricity and managing your energy plan, including meter readings and billing. Popular suppliers in Illinois include:

• Constellation Energy

• Direct Energy

• Public Power

By shopping through platforms like Choose Energy, you can compare rates from various energy suppliers in Illinois and select the most cost-effective options.

Utility Providers

Utility companies handle the delivery of electricity to your home or business. They maintain the infrastructure and deal with power outages. If your electricity goes out, you should contact your utility company. Major utility providers in Illinois include:

• ComEd: 1-800-334-7661

  • Use the outage reporter

• Ameren Illinois: 1-800-755-5000

  • Visit their outage center

Types of Energy Plans Available in Illinois

When you compare electricity plans on Choose Energy, you’ll find several types of energy options. Each plan has its own features, and the price you pay depends on your monthly energy usage and the plan type. Here are the most common types:

1. Fixed-Rate Plans

With fixed-rate plans, the cost per kWh remains constant throughout your contract, typically ranging from 12 to 36 months. This stability allows for predictable monthly bills, but if you decide to cancel early, you may face an early termination fee (ETF). If you’re moving out of the service area, the ETF is typically waived.

2. Variable-Rate Plans

Variable-rate plans have rates that fluctuate based on the energy market. You may enjoy lower prices during off-peak months, but be prepared for price hikes during high-demand periods. These plans offer flexibility since you can cancel at any time without penalty.

3. No-Deposit Plans

No-deposit plans are available for those looking to avoid upfront fees. Prepaid plans, for example, let you pay for energy in advance, and you can top up your account as needed. This eliminates the need for a credit check.

4. Green Energy Plans

Some energy suppliers offer green energy plans powered by renewable sources like solar or wind. These plans include Renewable Energy Credits (RECs) to help increase the amount of renewable energy fed into the grid.

Choosing the Right Energy Plan in Illinois with Choose Energy

Choose Energy simplifies the process of selecting the best electricity plan for your needs:

1. Enter your ZIP code: Browse through available retail energy suppliers and plans.

2. Filter your options: Sort by plan type, contract duration, provider, and more. Compare the different plans and pick the one that suits you best.

3. Sign up: Your new supplier will handle the setup process, ensuring there’s no interruption in your electricity service.

Moving to Illinois? Here’s What You Need to Know

If you’re moving to Illinois, you’ll have the freedom to choose your electricity provider. If you don’t select a plan, you’ll be automatically enrolled with the utility provider at the default Price to Compare (PTC) rate. However, shopping for alternative providers may help you find a better deal.

With Choose Energy, you can compare plans and sign up in advance—up to two weeks before your move. If you’re in a hurry, same-day service might be available. Just enter your new ZIP code to explore current rates in your area.

Frequently Asked Questions about Illinois Electricity

What is the average cost of electricity in Illinois?
The average rate is 17.21 cents per kWh, and the average monthly bill is $115.13 based on typical consumption of 669 kWh per month.

How can I find the best electricity rates in Illinois?
You can compare rates and plans on Choose Energy by filtering based on your needs (supplier preferences, plan types, etc.). Once you select a plan, your new service will begin the next billing cycle.

Do I need to pay a deposit?
If your credit score doesn’t meet the threshold set by the supplier, you may need to pay a deposit. Some suppliers waive this fee if you opt for automatic bill pay. Alternatively, you can find prepaid and no-deposit plans to avoid this upfront cost.

How can I reduce my electric bill?
To lower your energy bills, maintain your HVAC system, invest in energy-efficient appliances, and reduce heating/cooling usage. Additionally, consider switching to a supplier offering a lower rate, but be aware that early termination fees may apply if you switch before your contract ends.