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Spend less on bills by find the best energy rates in Illinois

From the shores of Lake Michigan to the banks of the muddy Mississippi, energy deregulation gives Illinois residents the power to choose their own power. With it, retail energy providers or REPs compete for your business, offering competitive energy rates throughout Illinois. You have a choice in your energy sources, plans and rates. Price To Compare can help narrow down the best choice for you.

Energy providers in Illinois offer various plans to meet your energy goals. But navigating these companies and securing the best Illinois electricity rates can be overwhelming. Before you sign another detailed contract, we’ll make it simple by generating the best options to lower your home’s energy costs.

Find the best energy rates in Illinois and lower your home’s electric and natural gas bills by up to 50% with Price To Compare’s easy-to-use price comparison tool. Find and compare electricity rates in Illinois quickly, so you can switch electricity providers in less than 5 minutes!

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Our Services include:

➤ Comparing residential electricity rates.
➤ Comparing residential natural gas prices.
➤ Finding residential renewable energy plans.

Pro Tip: Have your current electric or natural gas bill handy to compare suppliers and rates.

Compare Illinois electric rates per kWh.

Keeping the lights on at home should be reliable and affordable. Manage predictable energy budgets through the heat of summer and the chill of winter. With Price To Compare, you’ve got a friend in Illinois energy savings. So you can relax; your search for the cheapest electricity supplier in Illinois starts and ends with Price To Compare.

The cost of electricity in Illinois shouldn’t break your energy budget. Shop electric companies to choose the most competitive price per kwh in Illinois quickly and easily. Compare electricity rates in Illinois and start saving.

Average price of residential electricity in Illinois:

13.93 ¢/ per kwh

Pro Tip: Have your current electric or natural gas bill handy to compare suppliers and rates.

(updated February 2021 with most recent data available)
U.S. Energy Information Administration

One of the best places to start is by knowing the average current electric rate in Illinois. Then you can lower your bill with our Illinois electric rates comparison.

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Compare natural gas rates in Illinois and find the right fit for you

Winter in the Windy City is infamous for its fierce blizzards. Don’t let your natural gas bills take the wind out of your sails. Let Price to Compare be your wingman with our extensive connections in the natural gas industry. Our energy experts will support you wherever you want to go. Compare natural gas rates and switch to a better Illinois gas supplier today.

Average price of residential natural gas in Illinois:

13.72 ¢/ per Mcf/MMBtu
$1.37 per Ccf/therm

(updated January 2021 with most recent data available)
U.S. Energy Information Administration

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Alternative Energy

Alternative energy answers for Illinois

Think the Chicago River goes green on St. Patrick’s Day? You should see our renewable energy plans! From the shores of Lake Michigan to the plains of midwest prairie and on top of every sunny rooftop—there’s the opportunity to be energy independent.

Replete with fertile soil and high corn and soybean production, biofuel is a major player in Illinois’ green energy plan. With a whopping 14 ethanol plants and 5 biodiesel plants, Illinois is a leading producer in the biofuels arena.

And did you know that from 2010 to 2020, Illinois tripled its solar generation to a sunny 11% of the total electricity produced in the state? The sun certainly shines on the Land of Lincoln.

But don’t count out that consistent prairie wind which accounted for 94% of Illinois’ renewable energy production. Day in and out, the prairie grasses sway with unlimited, sustainable energy. Renewable energy production technology is becoming more efficient every day. Price To Compare makes meeting your sustainable energy goals a breeze.

Switching to renewable energy in Illinois can greatly reduce your carbon footprint. Price To Compare can match you with competitive renewable energy plans so you can power your home, help the environment, and support eco-friendly energy initiatives at the same time. Let’s get you started!

  • Green Energy Plans: From 100% sustainable energy plans to those partially sourced through renewable energy technology, it’s up to you. Check your current energy bill to see what percentage of your power is renewable. Renewable energy is abundant and produced locally. Support jobs, your environment and your future just by making a choice to power your home the way you want to.

Energy Rates Change with Supply and Demand
Because energy rates are variable and subject to market availability and consumer demand, current electric rates change minute to minute. Energy plans are designed to reduce this fluctuation.

  • Fixed Rate Plans: Fixed electric rates are locked in through a contract, keeping your rate consistent regardless of the current electric rate. While the wholesale cost of electricity varies, these plans help keep your budget predictable and affordable, giving you the energy security you need.
  • Variable-Rate Plans: These rates are determined by the current state of the energy market. You get a cheaper rate when energy is abundant but pay higher rates in times of high demand or low production. These plans offer the flexibility of no contract but are high in risk.
  • Pre-Paid Plans: Using a smart meter, the customer pays in advance. Then the provider adjusts the account as energy is used. When the balance runs low, the consumer adds additional funds to an online account and no contract is required.

Pro Tip: Most often, residents prefer fixed rate plans to secure a predictable home budget. We can help you avoid nasty cancellation fees, rate hikes, minimum usage fees, peak energy use times, basically being overcharged for the cost of doing business. We consider all of these factors and more to help you find the best residential energy rate in the state.

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Looking to reduce your average commercial energy bill in Illinois?

Keep the bottom line of your energy bill at rock-bottom when you compare electricity rates in Illinois. No matter if you’re a small business owner in Springfield or run a busy deep-dish pizza restaurant in the Windy City, powering a business of any size isn’t easy - or cheap for that matter. Request a free quote on commercial energy rates for your Illinois business and switch commercial energy suppliers to keep your overhead low.

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Home Energy Rates

Illinois retail energy providers

Understand more about how to get the best electric rates in Illinois. REPs are responsible for either generating or purchasing electricity before selling it to you. Use the negotiating power of Price To Compare’s extensive network of REPs the provide you with the best rates out there. With all the energy suppliers in Illinois, you’ll benefit from working with our energy experts.  Here are the top companies in our network:

Illinois utility companies

Now don’t get confused. Your energy provider and utility company are two different things. Illinois utility companies, also called distributors, are responsible for managing and distributing the energy owned by suppliers.

For instance, the utility company must ensure the power reaches your home by installing and maintaining electricity and natural gas lines. They’re also in charge of responding to power outages.

There are 6 major electric companies in Illinois. Which one services your home? (This part is dictated by location, not choice.) Utility companies for Illinois include Ameren Illinois, Commonwealth Edison (ComEd), MidAmerican Energy Company, Nicor Gas Company/AGL, North Shore Gas, and Peoples Gas.

Pro Tip: Always call your utility company rather than your energy provider in a power emergency.

What’s the story?

Illinois is fortunate to have such a competitive market because of the history behind energy deregulation. Illinois began this journey in 1997, when the state amended a section of its Public Utilities Act in order to give the Illinois Commerce Commission the ability to supply alternate rate regulations.

The same year, the Illinois Electric Service Customer Choice and Rate Relief Law was passed, allowing customers the ability to choose their own electricity suppliers.

Five years later in 2002, the Illinois natural gas industry followed suit with the ratification of the Alternative Gas Supplier Law. Since then, Illinois residents have had the advantage of choosing where their energy comes and what plan best suits their needs. Price to Compare is proud to help you on your journey to find the best energy rates in Illinois. To get started, talk to an energy consultant today!

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