Springfield, IL Electric Rates.

In Illinois‘ deregulated energy market, providers set energy rates. Consumers can choose their provider based on personal preference. This arrangement creates competition among electric companies, prevents monopolies and keeps the overall price of energy down.

While consumers have the freedom to choose their electric provider, the utility is determined by location of the home or business. Utilities distribute the energy providers sell, making them responsible for power line maintenance and outage response. In Springfield, Ameren is your utility. You can contact this company directly when you need assistance.

In the deregulated energy market, prices fluctuate for any number of reasons. With rates constantly changing, a low rate today may not be low by next month. Shopping for a new provider can help you keep your rate down.

When you sign a new contract, you’ll commit to a fixed or variable rate. Fixed agreements have a constant price for a set period. Variable rates fluctuate from month to month based on changes in the market. Before your commit to a new provider, make sure your agreement starts after your existing contract to sidestep cancellation fees.