Compare Electricity Rates in Illinois
Illinois Electricity Rates Compare Today.
Illinois Energy Deregulation
In 1999, Illinois established energy choice and was added to the list of states now deregulated for electricity. Unfortunately, due to rate caps and approved just the year prior, it wasn’t until 2008 to 2009 that residential and small commercial customers really were able to switch to an alternate retail electricity provider. Deregulation prevents monopolies with utility companies and drives rates down for the consumer. The transition process can take time to be established and accessible to the consumer.
In a deregulated market, suppliers purchase energy and set their costs accordingly. Because there is more than one supplier in your service area, there is competition. As a result, the market rates stay lower than they would in a regulated market. Once you commit to a supplier, they will send your energy to your utility for distribution.
The energy market changes daily, which means a rate today can change with the market up or down. Staying on top of the market conditions and locking in your agreement when the market is low is important. No matter if your commercial energy agreement expires next month or two years from now, you can take advantage of current market conditions to lock in your next agreement.
Illinois Energy Utilities
Commonwealth Edison (ComEd): (800) 334-7661
Ameren Illinois: (800) 755-5000
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Residential & Small Business Rates in Illinois
If you are shopping for your home or have a small business that consumes under 250,000 kWh's per year, our online portal may be the best path for getting started.
Schedule A Reverse Energy Auction
Larger commercial and industrial clients can easily benefit from our reverse energy auction process. Schedule your next auction and review bids in one easy spot.
Electric Rate Options in Illinois
Lock in your cost with less risk if the market goes up. A fixed rate will stay the same for the length of your contract.
Higher risk comes with a variable agreement because the rate changes each month based on the market. If the market drops, you'll see savings but the latter is if the market goes up, you'll pay for that as well.