Elgin, Illinois electricity rates - plans that match your needs

Enter your zip code to compare Elgin electricity rates and plans and see available electric companies.

Enter your ZIP code


Electricity Providers in Elgin, Illinois

About 114,797 people reside in Elgin.. Deregulated electricity markets give customers the option to shop the plans of multiple electricity companies. Elgin’s electricity market is a deregulated one. However, if dollars are up for grabs it is not surprising to find that many suppliers try to mislead consumers with cunningly worded plan terms that lock customers into worse rates than they expected to spend. In our electricity marketplace you can expect simplicity and rates with easy to read terms, as that is all we feature.

Customers in Elgin will receive service from both a utility company, who handles the transmission of electricity, and a Retail Electric Provider (REP), who procures the electricity for the consumer. Whichever utility owns or manages the power infrastructure that connect to your business or home will be the only option for a utility company, but you can choose your REP based on price or other factors. There are 7 REPs currently providing electricity in Elgin, consumers have quite a few choices to wade through. Below you can find our choice of the most reliable providers who provide electricity services to Elgin.

Elgin, IL Electricity Rates & Bills

Understanding the rates marketed by retail electricity providers in Elgin can be challenging. We’ve worked hard to have plans in our marketplace with simple rates and conditions so that you can choose them confidently. We recommend everyone to take a good look at the terms and conditions of all potential plans before purchasing any of them. The terms and conditions document has useful information, like price details and how much you can anticipate paying when you consider your actual usage.

Elgin’s electricity rates change. You can view trends below.

Elgin, Illinois Electricity Price Trends

Residential

Elgin Averages

Rate14.32¢
Usage735 kWh
Bill$105

Illinois Averages

Rate13.08¢
Usage684 kWh
Bill$89

United States Averages

Rate13.47¢
Usage886 kWh
Bill$119

Commercial

Elgin Averages

Rate14.32¢
Usage735 kWh
Bill$105

Illinois Averages

Rate13.08¢
Usage684 kWh
Bill$89

United States Averages

Rate13.47¢
Usage886 kWh
Bill$119

Elgin, IL Electricity Rates Over Time

Residential

Historical Electricity Rates:

Price Per kWhAverage Bill$0.150/kWh$0.109/kWh$121.63/mo.$54.62/mo.

Commercial

Historical Electricity Rates:

Price Per kWhAverage Bill$0.150/kWh$0.109/kWh$121.63/mo.$54.62/mo.

Current Average Rates, Consumption & Bill Amounts in Elgin, Illinois

  • Elgin’s current average residential electricity price is 14.32 cents per kilowatt-hour. For comparison, the state average is 13.08 cents and the national average is 13.47 cents.
  • The average residential monthly electricity bill in Elgin is $105.29, while the Illinois average is $89.48 and the US average is 119.32
  • The current the average commercial electricity rate in Elgin is 11.73 cents per kilowatt-hour. The current average in Illinois is 10.87 cents and the national average is 10.55 cents.
  • Elgin’s average monthly commercial electricity bill is $645.9. The average for the state of Illinois is $372.55 and for the US is 564.41.

Residential

Commercial

Elgin, IL Commercial Electricity

Your business, regardless of size, almost certainly consumes enough electricity to result in your monthly bill being an amount that matters. Obtaining a competitive business rate is therefore all the more important to reduce overhead. The process of switching may seem daunting at first glance, we've gone above and beyond to make it as seamless and as easy as possible for business managers. Find Energy handles the heavy lifting! Even minimal savings in electricity rates could save your business a large amount of money on annual overhead. All sorts of companies, from coffee shops to large mining operations , should be trying to make the most out of the opportunity to check their current electricity rate with what is accessible on the market.

At Find Energy, we have compiled a registry of some of the most competitive commercial electricity plans on the market. If your business has a monthly bill that amounts to a few thousand dollars or more, Find Energy can forward a request for personalized pricing to different suppliers operating in Elgin, so that they can bid on your business.. A custom electricity rate often offers substantial long-term savings to the consumer. With more than a few potential strategies for an organization to save, anybody refusing to take advantage of the deregulated market in Elgin is surely leaving some cash on the table.

Find the best plan for your needs

Compare electric rates in your area with your ZIP code


There’s no harm in checking the currently available deregulated market rates against the rate you are usually paying, especially when you consider the following facts:

  • No surprises outside of the amount you will save - Fixed rate plans are the preferred plan of choice here at Find Energy. These plans lock in competitive rates and ensure you can predict what you will be paying per kilowatt-hour every month.
  • The switching experience is unnoticeable with zero service interruptions - No service interruptions will happen while switching providers. Your customers and employees won’t notice any differences during the switching process.
  • Switching your electricity supplier only takes a couple of minutes - All you need to do is spend a couple of minutes submitting your information with Find Energy. After that, our staff at Find Energy will take care of everything else. You will have a brand new electricity plan and spend almost no time at all.
  • No need to call your existing supplier - There isn’t any need to inform your current provider if you are not under contract. In many cases, this remains just as true even if you are in contract. Our staff takes care of the communication with the electricity service providers. At the end of the day, we will provide you with the best deals currently available in Elgin.
  • Free quotes without obligation - If you dislike the rates you receive after entering your information, or if you change your mind for some other reason, know that there isn’t any responsibility to move forward with the switching process. Simply inform us that you have had a change of mind, and you will continue on with your existing plan.

The Find Energy online marketplace makes the entire experience convenient. Simply enter your zip code on this page and answer a few simple questions. Your information will allow us to get started on our mission to find you the best priced services for your establishment! Shopping through our online marketplace results in organizations saving between 15% and 25% on their electricity expenses.

Elgin, IL's Utility Company is Commonwealth Edison

Commonwealth Edison delivers electric utility services to your city. This is important for residents to be familiar with. After all, this is the company you must get a hold of in the event of a power outage. Reach out to Commonwealth Edison directly at (800) 334-7661, or report an electricity interruption on website.

Shop Electricity Providers by Zip Code in Elgin, IL

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

Elgin, IL Electricity FAQs

FAQ

How many suppliers are in Elgin?

A total of 7 providers currently offer electricity for sale in Elgin.

How do I pick an electricity company in Elgin?

Choosing an electricity company using FindEnergy.com is a straightforward and convenient experience. Get the ball rolling by filling out your zip code. After that, take a second to see what pricing rates are available in Elgin.

Who has the cheapest electricity services in Elgin?

ProviderRate (¢/kWh)
Constellation Energy8.99
Direct Energy10.49
Just Energy11.19
Spark Energy13.69

What electric utility company does Elgin, Illinois use?

Here are some of the most trusted electricity suppliers in Elgin:

How do I find a green electricity plan in Elgin?

Our marketplace gives people the ability to see what percentage of each plan is fueled by green electricity, so you have the chance to purchase what fits you best.

What is the most affordable electricity supplier in Elgin?

At the moment, our cheapest plan available in Elgin is from Constellation Energy, with a residential price point of 8.99 cents per kilowatt-hour.

What is an affordable electricity rate in Elgin?

The lowest rate that can be purchased in Elgin is 8.99 cents per kWh, currently being sold by Constellation Energy.

Last Reviewed By: Alex Zdanov
Published: 2021-03-16