Peoria Electric Rates.

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Peoria Electric

Located in central Illinois, Peoria has over 115,000 people who need energy for their homes and businesses. If you’re a Peoria resident or business owner, you have the freedom to choose your energy provider. You can simplify your provider search with

How Do Peoria Utilities Work?

Peoria exists within Illinois’ deregulated energy market. Deregulation creates two parties for your energy — suppliers and utilities. Suppliers set their energy rates to compete for business in the market. Consumers like you get to choose your provider based on preference. This system removes monopolies and keeps the overall price of energy down.

Working with providers, utilities deliver power to set service areas. While you can’t choose your utility, you can count on it to handle outages and maintain power lines for your energy delivery. If you need help with your energy delivery in Peoria, Illinois, you can contact Ameren, your local utility.

The energy market constantly changes for a range of reasons. These market changes mean a low rate today may not be a low rate next month. Shopping for electric on a regular basis can help you find the best prices available and save on your utility bill.

When you’re ready to commit to a new electric provider, you’ll sign for a fixed rate or variable rate. Fixed agreements offer a constant price for a set period, and variable rates change from month to month based on the current market. Before you sign a contract, make sure your service is set to start after your existing service. This step will help you avoid any cancellation fees.

Compare Rates Near You

Reduce Your Average Electric Bill in Peoria, Illinois, at

Comparing electric rates can feel like a challenge when you handle it on your own. At, shopping for a new electric company is simple with our reverse energy auctions.

The process starts with our team curating a group of electric suppliers in our network. These companies will submit energy rate bids to win your business. They know you’re looking for a low price, so these bids will drop over time. Our secure platform allows you to watch the bidding process in real time, and by the end, you’ll have a list of rates to choose from.

As you make your decision, you should also consider contract terms. We’ll set you up with an energy advisor to discuss your options so you can walk away with the best arrangement for your needs.

Compare Peoria Electric Rates Today

Our reverse auctions are ideal for large commercial and industrial consumers. We also offer a secondary service for Peoria residents and small business owners. With our shopping platform, you’ll easily view current rates based on your utility information. Find your ideal rate and enroll through our website.

Simplified Ways to Switch.

No matter how you choose to switch, we’ve got options.

Switch Online

Easily enroll your electric or gas online with our portal.


Chat with Our Experts

Our energy advisors are ready to discuss your options, 800-225-3813.


Schedule Your Auction

Watch LIVE as suppliers bid on your energy with our reverse auctions.