Elwood, Illinois electricity rates - plans that match your needs

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Electricity Providers in Elwood, Illinois

Elwood is home to 2,229 people and covers 13.8 square miles. It is the 484th largest city in the state of Illinois by population and 67th largest by square milesarea. The residents of Elwood have many options for acquiring electricity. The deregulated electricity market allows for companies to compete for the dollars of the area’s population. A majority view the ability to choose their electricity company as a positive, but that doesn't mean it is always easy. Deceptive marketing messages and confusing plan terms abound in deregulated electricity markets. Our marketplace doesn't feature companies and rates that were created to cause confusion and mislead customers. You can expect find highly regarded brands and electricity plans with easy to understand terms.

Deregulated electricity markets require the service of utilities, own the power lines and handle the electricity transmission, and Retail Electric Providers (REPs), who are the companies in charge of procuring the electricity that a customer uses. Your utility is determined by where you live, you do not have a choice. Nevertheless, you are able to choose your REP based on your preferences. There are presently7 REPs reportedly serving the Elwood area. This can be an overwhelming number for any customer. You can find our list of the most reliable companies who supply electricity services to Elwood.

Elwood, IL Electricity Rates & Bills

Electricity rate information for plans advertised in Elwood are sometimes perplexing and sometimes even misleading. To combat this, we only highlight plans with simple terms on our website. The terms and conditions attached to your plan should be viewed at before purchasing a plan. The terms and conditions document has useful details, like rate details and how much you can anticipate paying when you consider your actual usage.

See below for rate trends and historical pricing information.

Elwood, Illinois Electricity Price Trends

Residential

Elwood Averages

Rate14.85¢
Usage713 kWh
Bill$106

Illinois Averages

Rate13.08¢
Usage684 kWh
Bill$89

United States Averages

Rate13.47¢
Usage886 kWh
Bill$119

Commercial

Elwood Averages

Rate14.85¢
Usage713 kWh
Bill$106

Illinois Averages

Rate13.08¢
Usage684 kWh
Bill$89

United States Averages

Rate13.47¢
Usage886 kWh
Bill$119

Elwood, 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 Elwood, Illinois

  • The current average residential electricity rate in Elwood is 14.85 cents per kilowatt-hour. The current average in Illinois is 13.08 cents and the nationwide average is 13.47 cents.
  • Elwood residents, on average, pay a monthly electricity bill of $105.94. The state of Illinois averages $89.48 per residence per month and the nationwide average is 119.32 per month.
  • The average price per kilowatt-hour for commercial electricity in Elwood is 11.67 cents, while the Illinois average is 10.87 cents and the national average is 10.55 cents.
  • Elwood’s average monthly commercial electricity expense is $622.84. The average for the state of Illinois is $372.55 and for the US is 564.41.

Residential

Commercial

Elwood, IL Commercial Electricity

Not looking into the competitive electricity rates in deregulated markets like Elwood is a misstep that is often made by small businesses. Don’t fall into that trap! Our business electricity plan comparison process is incredibly simple to make sure that you don't spend a bunch of time on this. Taking a couple of percent off of your monthly bill can surprisingly add up to significant savings for your business. With a more attractive electricity rate, your business (regardless if it’s big or small) can save significantly on your monthly electricity bill.

Companies are constantly coming across lower prices in our online marketplace that allow them to sock away significant amounts of money. For businesses with monthly expenses of a few thousand dollars or more, Find Energy can submit your account to electricity suppliers. These suppliers will compete against each other. Allowing the electricity suppliers to bid for your business usually achieves considerable savings for your business. At the end of the day, your organization could be losing money if you are refusing to take advantage of shopping for plans on the deregulated market in Elwood.

Find the best plan for your needs

Compare electric rates in your area with your ZIP code


Consider the following facts when deciding whether looking into a custom business electricity rate is worth the effort:

  • Fixed-rate plans can lock in savings for years to come - We deal almost solely with fixed rate plans. If current electricity rates are trending upwards, then securing current rates may very well be one of the most critical business decisions you make this week.
  • The switching process is unnoticeable with no service interruptions - Your establishment will not experience any service outages at any point during the switching process. In fact, the only difference you will notice is the lower charge on your new bill!
  • Fast, straightforward, and seamless - Our mission is to instantaneously and effectively help your business to save money each month. Find Energy has designed our purchasing process to be as straightforward for you as possible. Simply submit your information. Once you confirm your account with us, our team will take care of the entire switching process. We will make certain that your business is enjoying only the lowest prices from the best electricity companies on the market.
  • Zero calls to your existing service company required - For organizations who are not under contract with a provider, there is no need to sit on hold. Our staff at Find Energy can easily take the reins and handle the switching process for you. If you are under contract, or are not sure if you are, we can likely we can still save you money.
  • Free quotes with no obligation - Look around. Review your options. And allow Find Energy to get you the best quotes for your establishment. It doesn't get any simpler than that! If you are not convinced by the rates you receive from us, then you don’t have to do anything. You canjust remain on with your current service. Only make the switch if it makes total sense.

Find Energy is committed to finding you the best options in Elwood. To start saving on your electricity expenses, simply enter your zip code on this page and answer the following questions. Purchasing through Find Energy often leads to establishments saving anywhere between 15% and 25% on their monthly electricity bills.

Elwood, IL's Utility Company is Commonwealth Edison

Commonwealth Edison is the largest electric utility company in your area. Losing power in your area can be stressful. Be sure that you reach out to your electric utility company to report any blackout. In case of a blackout, you can reach out to Commonwealth Edison at (800) 334-7661, or you can report a power interruption online on website.

Shop Electricity Providers by Zip Code in Elwood, IL

  • 60410
  • 60481
  • 60421

Elwood, IL Electricity FAQs

FAQ

How many electricity suppliers are in Elwood?

Elwood has a total of 7 companies carrying electricity within the city limits.

How do I find a renewable electricity plan in Elwood?

Through FindEnergy.com, you can find a 100% Green electricity plan in no time at all. Just search for electricity plans that display the 100% Green label.

What electric company does Elwood, Illinois use?

Elwood’s electric utility is Commonwealth Edison, however, Elwood residents can buy their electricity through many different providers, including the ones listed below:

How should I choose an electricity provider in Elwood?

The quickest way to shop for an electricity company in Elwood is to use FindEnergy.com in comparing the different rates available to you right now. Alternatively, you can look up all the individual websites of each supplier and take note of what plans they have currently. We’d start with these suppliers:

Who has the most affordable electricity plans in Elwood?

The cheapest electricity deals in Elwood can be seen below.

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

What is the cheapest electricity company in Elwood?

The most affordable residential electricity plan that can currently be had is priced at 8.99 cents per kWh, supplied by Constellation Energy.

What is a fair electricity rate in Elwood?

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

Last Reviewed By: Nick Reese
Published: 2021-03-16