Richmond, Illinois electricity rates - plans that match your needs

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Electricity Providers in Richmond, Illinois

Richmond has 2,089 residentes and is the 491st largest city in the state of Illinois. Deregulated electricity markets provide customers the ability to shop the plans of multiple electricity companies. Richmond’s electricity market is a deregulated one. Deregulated electricity markets can lead to fly-by-night providers aiming to attract your business with false promises or convoluted advertising. We built the Find Energy marketplace so that consumers can easily find an electricity plan that actually fits with their needs.

In deregulated markets, utility companies take care of the upkeep of power lines and electricity distribution and Retail Electric Providers (REPs) handle the buying process of electricity for consumers. Consumers can choose their REP, whereas there is only one choice for the utility company as it is determined by who owns or manages the electricity lines that serve your business or home. There are 7 REPs currently selling electricity in Richmond, customers have some choices to sift through. A few of our favorite providers who operate in Richmond are listed below.

Richmond, IL Electricity Rates & Bills

Comprehending the rates advertised by retail electricity providers in Richmond can be challenging. The terms and conditions on plans on our website have been vetted by our team. We are confident you will be able to clearly understand them and have correct expectations of what you will spend per kilowatt-hour on future electricity bills. We implore reading the terms and conditions of your desired plan before you finish your purchase. Your electricity use will impact the rate you pay and reading the terms and conditions document in advance of buying a plan will assist in ensuring you know what to plan for.

Below we feature the recent trends and historical data for electricity rates in Richmond.

Richmond, Illinois Electricity Price Trends

Residential

Richmond Averages

Rate15.33¢
Usage687 kWh
Bill$105

Illinois Averages

Rate13.08¢
Usage684 kWh
Bill$89

United States Averages

Rate13.47¢
Usage886 kWh
Bill$119

Commercial

Richmond Averages

Rate15.33¢
Usage687 kWh
Bill$105

Illinois Averages

Rate13.08¢
Usage684 kWh
Bill$89

United States Averages

Rate13.47¢
Usage886 kWh
Bill$119

Richmond, 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 Richmond, Illinois

  • The current average residential electricity rate in Richmond is 15.33 cents per kilowatt-hour. The current average in Illinois is 13.08 cents and the nationwide average is 13.47 cents.
  • Richmond’s average monthly residential electricity bill is $105.32. The average for the state of Illinois is $89.48 and for the US is 119.32.
  • The commercial electricity rates in Richmond currently average 11.83 cents per kilowatt-hour. The average for Illinois is 10.87 cents and for the entire nation is 10.55 cents.
  • Richmond businesses pay an average monthly commercial electricity expense of $509.24. In Illinois, businesses average $372.55 per month and the US average is 564.41.

Residential

Commercial

Richmond, IL Commercial Electricity

With the ability to seriously save on your electricity bill just a few clicks away, don’t leave your business in a disadvantaged situation with higher than needed monthly expenses. We’ve created a process that is very simple for companies to use. While small differences of a penny, or even a fraction of a penny, per kilowatt-hour may not seem like much, this can often add up to enormous savings each month. Any sized business can take advantage of this saving opportunity. With our straightforward comparison process, all you have to do is compare if your current rate can be outpriced.

Our Team is dedicated to finding attractive business electricity rates from the largest and most trusted electricity service providers who are based in the Richmond area. Businesses with high electricity consumption (expenses totalling a few thousand dollars on average) can take advantage of personalized pricing rates from the electricity companies in Richmond. Personalized plans from the electricity companies often amount to an even more compelling rate for your company. If you are not taking full advantage of the deregulated market, then you are basically allowing your company to miss out on substantial savings.

Find the best plan for your needs

Compare electric rates in your area with your ZIP code


If you are wondering whether you should try this, the following are a few important facts to keep in mind:

  • No surprises outside of the amount of money you’ll save - Almost every single plan on our marketplace is a fixed rate plan, as it is our opinion that these kinds of plans are best for a lot of people. Fixed rate plans allow people to know just what they will pay per kilowatt-hour every month and give them the ability to lock in the best rates available, even if the price of electricity increases.
  • Your electricity service won’t stop during the switching process - Power keeps flowing to your company if you are already getting service. The only change you mayl notice when you switch electricity suppliers is the reduced charge on your bill.
  • The whole switching process takes minutes - Our purchasing process created to be quick and convenient for electricity consumers. All you have to do is fill out your information. Once accomplished, we’ll take the reins and handle everything else. Our goal is to make certain we provide your company the best rates on the market.
  • No need to inform your existing service provider - There isn’t any need for a “break up” call with your current provider if you are not under contract. If you haven’t signed a contract with an electricity supplier, the entire process can be handled by our staff at Find Energy. If you’re not sure, however, Find Energy can confirm it for you as well. If you are under contract, we may still be able to save you money, so submit your info!
  • There’s no obligation to buy - If you aren’t impressed with the quotes you receive after entering your information, or if you change your mind for some other reason, know that there isn’t any responsibility to go though with the transition. Simply inform us that you have changed your mind, and you will remain on with your existing service.

If you want your company to begin saving on electricity expenses asap, then type in your zip code and answer these easy questions. We will start finding you the lowest electricity rates almost immediately! Shopping through our website usually results in companies saving between 15% and 25% on their monthly electricity bills.

Richmond, IL's Utility Company is Commonwealth Edison

The largest electric utility company responsible for delivering power to Richmond is Commonwealth Edison. In the event that your residence or organization loses electricity, you should report this incident directly to the utility company. Reporting a blackout to Commonwealth Edison is easy and rather straightforward. You can do it over the internet through Commonwealth Edison’s website at website, or through the phone at (800) 334-7661.

Shop Electricity Providers by Zip Code in Richmond, IL

  • 60071

Richmond, IL Electricity FAQs

FAQ

How many electricity providers are in Richmond?

Richmond has a total of 7 electricity suppliers carrying electricity within the city limits.

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

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

How do I pick an electricity provider in Richmond?

With many different electricity suppliers competing for your business, it is wise to make use of a website like ours to aid you in evaluating your choices. You can get the ball rolling by typing in your zip code. Alternatively, you can visit individual company websites, and through the use of an Excel file or a Word document, you can record and weigh the various prices you find.

What is the cheapest electricity company in Richmond?

Right now, our lowest priced power plan offered in Richmond is from Constellation Energy, with a residential price point of 8.99 cents per kilowatt-hour.

Who has the most affordable electricity plans in Richmond?

Richmond’s cheapest electricity rates include the following:

ProviderRate (¢/kWh)
Constellation Energy8.99
Just Energy10.39
Direct Energy10.49
Spark Energy13.69

What electric company does Richmond, Illinois use?

The following are some of the top electricity providers in Richmond:

What is a fair electricity rate in Richmond?

The cheapest electricity plan available in Richmond is 8.99 cents per kWh, currently being supplied by Constellation Energy.

Last Reviewed By: Ginalyn Gelera
Published: 2021-03-16