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Compare Illinois Electricity Rates & Energy Prices
My Power Switch is here to help YOU make the right switch today!
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Types of energy plans in Illinois
Get a consistent rate on your monthly energy bill with a fixed-rate plan. These plans are perfect if you want a predictable bill to avoid energy cost spikes. We recommend fixed-rate plans for most residential customers because they offer protection from unexpectedly high energy bills and allow you to lock in a long-term rate.
Understanding Deregulation in Illinois
Illinois has a deregulated energy market, giving residents and businesses the power to choose their electricity provider. With deregulation, energy suppliers compete to offer you the best electricity rate and customer service. As a result, you can save money on your energy bills and find an energy plan in Illinois that fits your electricity usage.
My Power Switch is different: Our easy-to-use online marketplace displays electric rates, plans, and providers in your area — all in one place.
We list independent electricity provider ratings, term lengths, rate types, and more to make signing up for a new plan quick and easy. We also have useful buying guides and resources to help you understand the energy industry.
Compare Illinois Electric Companies
In Illinois you have several energy provider options. Consider your priorities and preferences to choose the best provider for your energy needs. You can compare energy plans from various providers to secure a low electricity rate and save money on your energy bills. My Power Switch allows you to compare electric and gas rates all in one place!
Energy Suppliers
In deregulated states, utility companies and electric providers have different roles. Residents have the power to choose their Illinois electricity provider which is responsible for selling electricity to consumers. With deregulation in Illinois, there’s more competition among energy providers. You can compare energy plans from various providers to secure a low electricity rate and save money on your energy bills.
Illinois Price to Compare
The Price to Compare (PTC) in many deregulated states is the utility company’s default rate if you do not sign up for a specific energy plan from an independent provider. In Illinois, you cannot sign up for an energy plan through your utility company. Instead, you’ll automatically be enrolled in an energy plan with a provider under the default rate if you do not sign up for an alternative plan. You can secure a lower rate by choosing your own plan.
Utility Providers
The utility company is responsible for transmitting electricity, maintaining electrical infrastructure, and restoring power during an outage. Your address determines your utility, and you cannot change it. Here are the main utility companies serving residents and businesses across Illinois:
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AEP IllinoisCentral
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AEP Illinois North
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Oncor Electric Delivery
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Illinois-New Power
How to Find the Right Energy Plan in Illinois
My Power Switch can help you sign up or switch to a cheaper utility company near you. Compare and choose a plan that fits your needs in a few easy steps.
Enter your ZIP code
Compare plans and rates in your area on the free My Power Switch marketplace to find what works for you.
Pick A Plan
When you find a plan you like, sign up online in a few minutes. If you need help choosing, call the number on your screen for an agent.
Enjoy Your New Plan!
Your Illinois energy supplier will handle the set-up so you can relax without power interruption.
What is My Power Switch?
My Power Switch is a free energy marketplace where you can compare electricity plans and providers in your area. We partner with top providers to offer residential and business energy plans in deregulated areas of Illinois and many other states. Enter your ZIP code to explore today’s electricity rates for your home. If you find a plan you like, we can help you sign up in a matter of minutes. You can also call our energy experts at the number on your screen to sign up for a plan or discuss questions about rates and providers.
Why should I shop with My Power Switch?
My Power Switch has operated in deregulated energy markets since 2018, establishing relationships with the best energy companies in Illinois and nationwide. The electricity rates you’ll find on our marketplace are all-inclusive, helping you find the lowest rate and a plan that works well for your energy needs.
We have over 560 five-star reviews and are actively seeking ways to continue helping our customers find solutions to their energy needs. If you are ready to learn more about how My Power Switch can help you, enter your ZIP code to find energy plans and prices in your area.
Illinois Electricity Rates FAQ
Are Illinois electricity rates going up?
Illinois energy prices typically increase in the summer and decrease as temperatures decline in the cooler months. According to the latest EIA energy outlook, oil prices are rising slower than expected due to lower natural gas prices. Electricity prices fluctuate daily based on market prices. You can use the My Power Switch marketplace to explore the lowest energy rates in Illinois at any time of the year.
How do I find cheap electricity plans in Illinois?
My Power Switch can help you find the best cheap energy company any time of year. Enter your ZIP code to compare rates and electricity plans all in one place.
How quickly can I set up electricity service in Illinois?
If you are signing up for a new plan and have a smart meter installed at your home, you might start service the same day you sign up. Some providers offer same-day electricity if you order before 3 p.m. Switching electricity providers could take up to five business days.
How can I lower my electricity bill in Illinois?
One way to lower your monthly electricity bill in Illinois is to switch electricity plans with a lower rate. Securing low rates is often easier during seasons when demand is lower, such as spring and fall. Rates can change daily, so check the My Power Switch marketplace today to find out which company has the best electricity price for your usage. You can also lower your energy bill by using less electricity each month.