Elgin, Illinois Electricity Rates & Plans

Elgin, Illinois electricity rates - plans that match your needs

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Electricity Providers in Elgin, Illinois

About 109,634 people consider Elgin home, making the city the 7th most populated city in the state.

Elgin, Illinois has a deregulated electricity market that fosters a very high level of competition between electricity providers serving in the area. This competition has made compelling energy plans available to consumers for lower rates. Sadly, you should be especially wary of less-than-reputable electricity suppliers that resort to confusing advertising and false terms to attract vulnerable customers.

Avoid predatory energy suppliers like these with FindEnergy.com. There are various energy suppliers in the Elgin area; you can learn more about them on our online marketplace. Our marketplace is home to the most dependable electricity providers in the Elgin area.

With Find Energy, you can be confident about your energy purchasing decisions—enter your zip code, and we’ll send you a shortlist of the most competitive electricity plans in Elgin, Illinois. Or you can take a look at some of our top picks for providers in the list below.

Elgin, IL Residential Electricity Rates

Residential

Elgin Averages

Rate21.03¢
Usage641 kWh
Bill$135

Illinois Averages

Rate14.84¢
Usage664 kWh
Bill$98

United States Averages

Rate15.77¢
Usage887 kWh
Bill$140

You’ll be paying an average of 21.03 cents per kWh for your residential electricity if you’re residing in Elgin, Illinois. On the other hand: the average cost of electricity in Illinois is currently at 14.84 cents per kWh; while the average cost of electricity on a national level is presently at 15.77 cents for every kilowatt-hour.

On average, Elgin consumers spend $134.74 on their monthly energy bill. Meanwhile: the state monthly energy bill average is $98.49, while the nationwide monthly electricity bill average is $139.96.

Energy consumption is predominantly indicated in kilowatt-hours, and your energy expenses can vary depending on how much power you use. This is a common point of confusion for many energy consumers, as not everybody knows how different energy usage levels can impact particular energy plans.

FindEnergy.com only includes plans with TOSs to help eliminate consumer confusion. You can look up invaluable electricity information in the Terms of Service (TOS) of your energy plan. You can think of your electricity plan’s TOS similarly to the nutrition labels you read on food products; only you’re given valuable energy information such as the terms, conditions, and price information of your electricity plan, in place of nutrition information.

Find Energy has taken the initiative of creating TOS highlights on many different electricity plans available in the Elgin area. Our team at Find Energy is committed to helping consumers make the right energy decisions; our online marketplace provides crucial energy information, including the conditions, terms, and prices of the best electricity plans available to you, as well as the most reliable energy providers that serve your area.

Let’s get you started on your new electricity plan—head over to FindEnergy.com and type in your zip code. Get your hands on the most attractive residential energy offerings in Elgin, Illinois using our online marketplace.

Our team at Find Energy managed to gather the best residential energy plans you can get in Elgin, Illinois; learn more about them in this list below.

Elgin, Illinois Residential Electricity Plans

Residential

Elgin, IL Commercial Electricity Rates

Commercial

Elgin Averages

Rate18.33¢
Usage7,392 kWh
Bill$1,355

Illinois Averages

Rate12.33¢
Usage2,925 kWh
Bill$361

United States Averages

Rate11.84¢
Usage5,630 kWh
Bill$666

Elgin area’s present commercial electricity rate is at 18.33 cents for every kilowatt-hour. The average business electricity rate in the state is 12.33 cents for every kilowatt-hour; while the average business electricity rate nationwide is 11.84 cents for every kilowatt-hour.

Elgin entrepreneurs receive a monthly energy bill of $1,354.67 on average. You can compare this to the statewide monthly electricity bill, which currently averages $360.67; as well as the nationwide monthly energy bill, which presently averages $666.37.

Not many businesses can run their day to day without a large usage of electricity. Businesses commonly consume an order of magnitude higher than the average residential property does. You can't dispute that, at those averages, a reduced electricity rate may be good for business. Some businesses may see four or five figure reductions in their annual overhead by lowering their electricity cost by just a fraction of a penny.

Our team at Find Energy can send custom price requests for business establishments in Elgin, Illinois that normally spend $3,000 or more on energy each month.

FindEnergy.com may be able to help you shave 15% to 25% off your monthly energy expenses if you shop for your next energy plan through FindEnergy.com.

Our marketplace carries the most updated energy information on the best commercial energy plans available to business owners in Elgin. Your new business energy plan is on the way—type in your zip code.

Find Energy has compiled this shortlist of the most compelling business electricity plans available to Elgin businesses.

Elgin, Illinois Commercial Electricity Plans

Commercial

There are no Commercial plans available.

If you are considering whether you should try this, here are a few important things you might want to consider:

  • Fixed-rate plans may create savings for years to come - Fixed rate plans are the recommended plan of choice here at Find Energy. These plans secure the best rates and ensure that you can predict how much you will be paying per kilowatt-hour in the future.
  • There is no disruption of service when you shift to a different plan - Your business will not experience any service interruptions at any time during the switching process. In fact, the only change you will experience is the lower rate on your next bill!
  • The whole experience takes just minutes - Our intention is to quickly and effectively help your organization to save money each month. We've created our purchasing experience to be as hands free for you as possible. All you need to do is your information. Once you confirm your account with us, we will take care of the remainder of the switching process. Find Energy will make sure that your company is enjoying only the lowest plans from the most reliable electricity service providers in your area.
  • Find Energy will handle the entire switching process - For businesses not currently in a contract with an electric supplier, you don't need to wait on hold. Find Energy can easily take the reins and take care of the transition on your behalf. Even if you are under contract, or are not sure if you are, it is very likely we will still be able to save you money.
  • There's zero commitment to commit - If you are displeased with the quotes you get after submitting your information, or if you change your mind for some other reason, know that there isn't any obligation to go though with the transition. Just inform us that you have changed your mind, and you will remain on with your current plan.

Getting a new electricity rate with us is easy. Simply enter your zip code to get access to the best priced plans in Illinois.

Elgin, IL Utility Company

Commonwealth Edison is responsible for distributing electricity in Elgin, Illinois. If you're in the Elgin area and are experiencing problems with your electricity, you can reach out to Commonwealth Edison.

Citizens of the Elgin area can reach Commonwealth Edison at (800) 334-7661. You can also reach Commonwealth Edison's online customer support through the Commonwealth Edison's company website here.

Elgin, Illinois Electricity Rates Over Time

Residential

Historical Electricity Rates:

Price Per kWhAverage Bill$0.229/kWh$0.139/kWh$177.04/mo.$76.96/mo.

Commercial

Historical Electricity Rates:

Price Per kWhAverage Bill$0.229/kWh$0.139/kWh$177.04/mo.$76.96/mo.

Find the best plan for your needs

Compare electric rates in your area with your ZIP code


Shop Electricity Providers by Zip Code in Elgin, IL

  • 60120
  • 60123
  • 60103
  • 60175
  • 60124
  • 60177
  • 60140
  • 60192
  • 60118
  • 60136

Elgin, Illinois Electricity FAQs

FAQ

Who has the most affordable electricity plans in Elgin?

Here you can find the best priced electricity plans presently available in Elgin:

ProviderRate (¢/kWh)
Constellation Energy7.99
Just Energy9.89

How should I choose an electricity company in Elgin?

With a lot of providers competing for your business, it is smart to use a website like findenergy.com to assist you in comparing your choices. You can start by typing in your zip code. Similarly, you can look up all the different company websites, and with the use of an Excel file or a Word document, you can take note of and weigh the different deals you find.

What electric utility company does Elgin, Illinois use?

The following suppliers are our most trusted electricity companies in Elgin:

How many electricity providers are in Elgin?

At the moment, there are 2 providers based in Elgin.

How do I find a green electricity plan in Elgin?

It's really a pretty simple process! All you have to do is type in your zip code on this page, and you can look up all available plans and take a closer look at what percentage of each plan comes from green electricity.

Who is the most affordable electricity company in Elgin?

Constellation Energy, as of writing, has the most affordable residential power plan in your location, selling at a rate of 7.99 cents per kWh.

What is a good electricity rate in Elgin?

The best electricity rate that can be bought in Elgin is 7.99 cents per kWh, currently offered by Constellation Energy.

Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-11-05