Madison, Illinois Electricity Rates & Plans

Madison, Illinois electricity rates - plans that match your needs

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

Enter your ZIP code




Electricity Providers in Madison, Illinois

Madison has the 445th largest population in Illinois.

In Madison, customers can choose from multiple electricity suppliers for their electricity needs. This is known as a deregulated electricity market. The customers are benefiting from compelling power plans at extraordinarily appealing price rates because of this high-level competition between electricity suppliers that serve in the Madison area. Fly-by-night electricity companies, however, are taking advantage of the competitive nature of Madison’s deregulated electricity market, often misleading new consumers, luring them with fraudulent advertising and questionable marketing tactics.

Keep away from disreputable electricity companies with FindEnergy.com. There are a number of electricity suppliers in your area; you can learn more about them on our online marketplace. Home to some of the most reputable electricity companies in your area, the Find Energy website makes certain that you are only getting the most compelling energy offerings from only the most reputable energy suppliers in your location.

Enter your zip code to get the ball rolling. You can also view some of our top picks for retail electric providers in Madison in this list.

Madison, IL Residential Electricity Rates

Residential

Madison Averages

Rate20.66¢
Usage757 kWh
Bill$156

Illinois Averages

Rate14.84¢
Usage664 kWh
Bill$98

United States Averages

Rate15.77¢
Usage887 kWh
Bill$140

The average price of residential electricity for homeowners in Madison, Illinois is at 20.66 cents per kilowatt-hour. You can compare this to both the statewide and national average rates that are currently at 14.84 cents for every kilowatt-hour and 15.77 cents per kWh respectively.

Each month, Madison consumers pay an average of $156.38 for their electricity. At the moment, $98.49 is presently the statewide monthly electricity bill average, while $139.96 is presently the nationwide monthly electricity bill average.

Energy usage is measured in kilowatt-hours, and your electricity costs can vary greatly depending on how many kWh of electricity you consume. The effect of various energy usage levels on certain electricity plans is often lost on many people.

To help eliminate the lack of clarity for our consumers, we have a TOS with every plan we include in our marketplace. The Terms of Service (TOS) of your energy plan contains essential electricity information that you should read about. Learning to consult Terms of Service will not only allow you to understand relevant electricity information—such as the terms, conditions, and price information of your electricity plan—but will also allow you to view various electricity plans in a standardized format.

Our team at Find Energy has already gone through stacks of Terms of Service documents and has created TOS highlights on various energy offerings available in your area. Find Energy is committed to helping energy users make the right energy decisions; FindEnergy.com provides valuable energy information, including the conditions, terms, and prices of the best electricity offerings available to you, as well as the most reliable energy suppliers that serve your area.

Easily secure a new energy plan with the Find Energy website—enter your zip code to get started. Our website gets you the most competitive residential energy plans from the most reliable electricity providers in Madison, Illinois.

Our team at Find Energy has gathered the most compelling home electricity plans available to energy users residing in Madison, Illinois.

Madison, Illinois Residential Electricity Plans

Residential

Madison, IL Commercial Electricity Rates

Commercial

Madison Averages

Rate17.78¢
Usage9,686 kWh
Bill$1,722

Illinois Averages

Rate12.33¢
Usage2,925 kWh
Bill$361

United States Averages

Rate11.84¢
Usage5,630 kWh
Bill$666

You’ll be spending an average of 17.78 cents per kilowatt-hour for your commercial electricity if you’re doing business in Madison. To put it into perspective, the state average is presently at 12.33 cents for every kilowatt-hour, and the nationwide average is at 11.84 cents for every kWh.

Entrepreneurs in Madison receive an average monthly energy bill of $1,722.41. On a state level, entrepreneurs pay a monthly average of $360.67; while on a nationwide level, entrepreneurs pay a monthly average of $666.37.

Most types of businesses need considerable use of electricity. Your company's operations will, on average, need about 12 times more electricity than what you need at home. If your company is at or above this average electricity usage then it is all the more pressing to make sure you procure the best possible electricity rate out there. Savings of even a percent or two a month can compound quickly when trying to reduce a company's monthly costs.

Our team at Find Energy can send customized pricing requests to dependable Madison energy providers if you normally get an energy bill upwards of $3,000 dollars.

Companies that operate in Madison, Illinois may be able to save up to 25% on their electricity bill by purchasing their energy plan through our online marketplace.

Get your hands on the most compelling commercial electricity offerings in Madison, Illinois using our website. Let's get you a new commercial energy plan—visit our marketplace by filling in your zip code..

Our team at Find Energy has shortlisted the most competitive business energy plans you can get in the Madison area; check them out in the list below.

Madison, Illinois Commercial Electricity Plans

Commercial

There are no Commercial plans available.

If you are on the fence about shopping for deregulated electricity rates, the following are a few key points you might want to take:

  • Fixed-rate plans may ensure savings for years to come - Fixed rate plans enable users secure rates for extended periods of time. They also help your company to foresee overheads with zero worries of possible massive price increases that are common with variable rate plans.
  • The switching process is unnoticeable with no service interruptions - When you lock in a new plan, you just receive a bill with your new electricity supplier's name on it. Your utility company does not change and electricity never stops flowing the entire time.
  • The entire changing process only takes minutes - Our intention is to instantaneously and efficiently help your company to save money each month. We've built our purchasing process to be as hands free for you as possible. Simply fill out your information. Once you confirm your account with us, Find Energy will take care of the heavy lifting involved in the switching process. Find Energy will make certain that your establishment is enjoying only the best deals from the best electricity suppliers on the market.
  • No “break up” call with your current company - There is no need for a “break up” call with your existing supplier if you are not under contract. If you haven't signed a contract with an electricity provider, the entire process can be taken care of by our staff at Find Energy. If you're not sure, however, our staff can check that for you as well. If you are under contract, we still may be able to find a way to save you money, so submit your info!
  • Free quotations with no obligation - If you don't like the quotes you get after submitting your information, or if you change your mind for some other reason, know that there is no obligation to move forward with the transition. Simply inform us that you have changed your mind, and you will remain on with your current plan.

If you're ready for your business to begin cutting back on electricity expenses immediately, all you have to do is enter your zip code on this page and answer these simple questions. We will start sending you the best deals as quickly as possible!

Madison, IL Utility Company

As the primary utility provider in the Madison area, the distribution of electricity is carried by Versant Power. As Versant Power is responsible for delivering energy to your home or commercial establishment, you should reach out to them if you're having problems with your energy services, such as power failures, energy fluctuations, etc.

Get a hold of Versant Power at (207) 973-2000. Versant Power can be reached online using the company website here.

Madison, Illinois Electricity Rates Over Time

Residential

Historical Electricity Rates:

Price Per kWhAverage Bill$0.226/kWh$0.133/kWh$203.75/mo.$86.11/mo.

Commercial

Historical Electricity Rates:

Price Per kWhAverage Bill$0.226/kWh$0.133/kWh$203.75/mo.$86.11/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 Madison, IL

  • 62040
  • 62201
  • 62060
  • 62048
  • 62090

Madison, Illinois Electricity FAQs

FAQ

What is the most affordable electricity supplier in Madison?

Constellation Energy currently carries the cheapest residential plan in your area, selling at a rate of 7.99 cents per kWh.

Who has the best electricity plans in Madison?

Here you can find the lowest electricity services presently for sale in Madison:

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

How many electricity suppliers are in Madison?

There are currently 2 electricity companies offering their services in Madison.

How do I choose an electricity supplier in Madison?

With many different suppliers bidding for your dollars, it is a smart move to use an online marketplace like Find Energy to aid you in comparing your many different options. You can start by typing in your zip code on this page. Alternatively, you can look up all the individual company websites, and using an Excel sheet or a Word document, you can record and evaluate the different deals you find.

What electric company does Madison, Illinois use?

Versant Power is Madison's most reliable electric utility company. There are, however, many providers that carry electricity supply in Madison, including the suppliers mentioned in the following list:

How do I shop for a renewable electricity plan in Madison?

Shopping for a green electricity plan in Madison is really a pretty easy process! Simply enter your zip code on this page, and then look for electricity plans that display the 100% Green label on FindEnergy.com.

What is an affordable electricity rate in Madison?

The cheapest plan that can be bought in Madison is 7.99 cents per kWh, presently carried by Constellation Energy.

King Manalo
Last Reviewed By: King Manalo
Published: 2024-11-05