Electricity Rates in Illinois (March 2026)

The average residential rate is 18.86¢/kWh — that's about $115/month for a typical household.

#36out of 51 states (1 = cheapest)

Source: U.S. Energy Information Administration. Data as of March 2026.

In line with

the national average of 18.83¢/kWh

$115/mo

based on 611 kWh average monthly usage

7.5%up

over the past 12 months

Rates by Sector

SectorRate (¢/kWh)vs NationalAvg Monthly UsageAvg Monthly Bill
Residential18.86¢/kWhIn line611 kWh$115
Commercial13.07¢/kWh5,733 kWh$749
Industrial9.19¢/kWh625,041 kWh$57,461
National Average18.83¢/kWh748 kWh$141

Electricity Providers in Illinois

Type
Service
Service Area
Commonwealth Edison Co
IOU
Delivery
7.93¢/kWh
$56
805,452
Boone, Bureau, Carroll+21 more
Ameren Illinois Company
IOU
Delivery
8.29¢/kWh
$69
540,396
Adams, Alexander, Bond+78 more
MC Squared Energy Services, LLC
Retail Marketer
Energy
6.79¢/kWh
$53
244,008
Constellation NewEnergy, Inc
Retail Marketer
Energy
10.24¢/kWh
$74
199,367
Homefield Energy
Retail Marketer
Energy
8.70¢/kWh
$70
163,064
Energy Harbor Corp.
Retail Marketer
Energy
8.97¢/kWh
$67
149,006
Reliant Energy Northeast LLC
Retail Marketer
Energy
11.34¢/kWh
$74
129,869
City of Springfield - (IL)
Municipal
Bundled
11.95¢/kWh
$99
59,621
Sangamon
City of Naperville - (IL)
Municipal
Bundled
12.98¢/kWh
$99
56,117
DuPage, Will
Just Energy Solutions Inc.
Retail Marketer
Energy
10.83¢/kWh
$77
36,786

Utility data from EIA Form 861, 2024

How Deregulated Electricity Works in Illinois

Illinois deregulated its electricity market in 1997. The system operates with three components: power companies generate electricity (generation), utilities maintain high-voltage lines (transmission), and your local utility (Commonwealth Edison Co, Ameren Illinois Company, MidAmerican Energy Co, Mt Carmel Public Utility Co) delivers electricity to your home (distribution).

You can choose your electricity supplier from 73 competing providers. If you don't select a supplier, you automatically receive default service through your utility at a regulated rate.

How to Switch Electricity Companies in Illinois

  1. 1Review your current contract terms and check for early termination fees
  2. 2Compare available rates from 73 suppliers serving your area
  3. 3Choose a plan and sign a Letter of Authorization
  4. 4Your new supplier handles the transfer with your utility (Commonwealth Edison Co, Ameren Illinois Company, MidAmerican Energy Co, Mt Carmel Public Utility Co) — your service is not interrupted
  5. 5Your new rate takes effect in the next billing cycle

When is the Best Time to Switch Energy Providers in Illinois

The best times to switch providers in Illinois typically include:

  • Before peak seasons (summer) when you can lock in lower rates
  • When your current contract is nearing expiration
  • During off-peak months when providers offer competitive promotions
  • After comparing rates during market downturns

Types of Electricity Plans in Illinois

Fixed-rate plans

Consistent rates throughout your contract term, making budgeting easier. Early termination fees may apply.

Green energy plans

Power your home with 100% renewable sources while supporting clean energy goals.

Time-of-use plans

Different rates based on when you use electricity, with lower costs during off-peak hours.

Variable-rate / prepaid plans

Flexibility without long-term commitments, though rates may fluctuate monthly based on market conditions.

Power Outages in Illinois

412 customers currently without power in Illinois

Frequently Asked Questions

The average residential electricity rate in Illinois is 18.86¢ per kWh. Commercial customers pay an average of 13.07¢ per kWh and industrial customers pay 9.19¢ per kWh.

Compare Nearby States

Source: U.S. Energy Information Administration. Data as of March 2026.

Utility data from EIA Form 861, 2024.

Electricity Rates in Illinois (March 2026) | Average kWh Cost & Bills