Springfield, Illinois electricity rates - plans that match your needs

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

Enter your ZIP code




Electricity Providers in Springfield, Illinois

Springfield is located in Sangamon County, IL. The city limits cover 67.5 square miles. This ranks the city as the 2nd largest by square miles.

There is a highly competitive deregulated energy market in Springfield, with electricity suppliers vying for consumer's business. The energy consumers are enjoying some of the best power plans at extraordinarily attractive rates thanks to this high-level competition. There exist, unfortunately, quite a few less-than-legitimate energy suppliers that are in the business of swindling vulnerable consumers through fraudulent advertising tactics and questionable plan terms.

With Find Energy, it’s easy to stay away from these untrustworthy energy companies. Our team at Find Energy has already looked into the many different electricity companies that provide service in Springfield, Illinois. If you want to be sure that you are shopping for only the most competitive energy plans from only the most reliable electricity providers in Springfield, Illinois, then visit to our online marketplace.

Type in your zip code to start saving on your electricity bill right off the bat. Take a look at a few of our most trusted suppliers in Springfield in this list.

Springfield, IL Residential Electricity Rates

Residential

Springfield Averages

Rate13.96¢
Usage699 kWh
Bill$98

Illinois Averages

Rate14.47¢
Usage696 kWh
Bill$101

United States Averages

Rate14.11¢
Usage893 kWh
Bill$126

Springfield has a residential electricity cost of 13.96 cents for every kWh. The current statewide and nationwide average is priced at 14.47 cents for every kilowatt-hour and 14.11 cents for every kilowatt-hour respectively.

If you’re residing in Springfield, you will be paying $97.61 for your electricity every month, on average. To put it into perspective, the statewide monthly energy bill currently averages $100.72, and the nationwide monthly electricity bill averages $125.95.

Typically expressed in kilowatt-hours, your monthly electricity consumption will directly impact your electricity bill. The impact of various electricity consumption levels on individual electricity plans isn’t exactly cut-and-dry and is typically a point of confusion to many consumers.

We show the TOS of every plan we highlight to ensure there will not be any confusion for those using FindEnergy.com to buy their new electricity plan. Consult your Terms of Service (TOS) to read important information about an energy plan. TOSs are full of electricity information—such as energy rates, contract terms, generation sources, and emissions levels—that would empower consumers to make better energy decisions when shopping for a new electricity plan.

Our team at Find Energy has compiled TOS highlights on the various electricity offerings from various electricity providers in Springfield, Illinois. Find Energy is keen on helping energy users make the right energy decisions; our website provides valuable energy information, including the conditions, terms, and prices of the most attractive energy plans available to you, as well as the most prominent energy suppliers that serve your area.

Energy shopping doesn’t have to be difficult—fill in your zip code to get the ball rolling. Get the most competitive residential energy plans in Springfield, Illinois using our marketplace.

Below, you can find some of the most attractive residential electricity plans in your location.

Springfield, Illinois Residential Electricity Plans

Residential

Springfield, IL Commercial Electricity Rates

Commercial

Springfield Averages

Rate10.22¢
Usage16,630 kWh
Bill$1,700

Illinois Averages

Rate12.23¢
Usage3,463 kWh
Bill$423

United States Averages

Rate11.16¢
Usage5,445 kWh
Bill$608

Springfield has a business electricity rate of 10.22 cents for every kilowatt-hour. Meanwhile, the state of Illinois’s average is 12.23 cents per kWh, and the present national average is 11.16 cents per kWh.

Springfield entrepreneurs pay an average energy bill of $1,699.74 every month. To put it into context, the state monthly energy bill averages $423.41, and the nationwide monthly electricity bill currently averages $607.57.

It is likely your company relies on electricity for some vital parts of everyday business activities. In fact, electricity is a significant cost for a majority of businesses in existence. If your company has high electricity usage then finding a lower electricity rate is simply good business. Take a moment to do the math (or use our marketplace tools instead) and see how much even a penny decrease in your price per kilowatt hour could save your business.

If you're spending $3,000 every month or more on electricity, FindEnergy.com can help you acquire customized energy pricing from the most reputable energy providers in your location.

Springfield businesses may be able to shave 15% to 25% off of their energy expenses if they shop for their electricity plan using FindEnergy.com.

Our online marketplace is home to Springfield's most reliable energy providers and their most competitive commercial energy offerings. Buying a new commercial energy plan has never been safer—fill in your zip code to start using the Find Energy marketplace.

Our team at Find Energy has found the most attractive commercial electricity plans you can get in your location; learn more about them in the list below.

Springfield, Illinois Commercial Electricity Plans

Commercial

There's zero risk in checking the currently available deregulated rates against the rate you are normally paying, especially when you keep in mind the following:

  • Fixed-rate plans may lock in savings for years to come - Fixed rate plans are the preferred plan of choice here at Find Energy. These plans lock in the lowest rates and ensure that you can predict exactly how much you will be paying per kilowatt-hour in the future.
  • Your electricity service won't be cut off during the switching period - You don't need to think about a temporary disruption in electricity service during the switching process as your utility company will keep the lights on. You will simply see is the lower number on your new monthly bill!
  • The whole experience takes just minutes - Just fill out your information and let us do the rest! We'll give you with the most attractive plans for your company and help you make an informed decision on which plan is right for your company.
  • No need to inform your current provider - There isn't any 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 service company, the entire transition can be taken care of by Find Energy. If you're not sure, however, we can check that for you as well. If you are under contract, we may still be able to save you money, so reach out!
  • Free quotations and no obligation - If you are underwhelmed by the plans you receive after submitting 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 changed your mind, and you will continue on with your current plan.

If you're ready for your business to start saving on electricity expenses asap, all you have to do is type in your zip code and answer these easy questions. Find Energy will start providing you the lowest electricity rates as quickly as possible!

Springfield, IL Utility Company

Versant Power is responsible for distributing electricity in Springfield, Illinois. Connect with Versant Power to report power failures or any other concerns in Springfield, Illinois.

In the event of a blackout, you can always contact Versant Power at (207) 973-2000. Versant Power's online customer service can be contacted through Versant Power's company website here.

Springfield, Illinois Electricity Rates Over Time

Residential

Historical Electricity Rates:

Price Per kWhAverage Bill$0.144/kWh$0.080/kWh$164.10/mo.$57.05/mo.

Commercial

Historical Electricity Rates:

Price Per kWhAverage Bill$0.144/kWh$0.080/kWh$164.10/mo.$57.05/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 Springfield, IL

  • 62704
  • 62702
  • 62703
  • 62711
  • 62629
  • 62712
  • 62707
  • 62563
  • 62670
  • 62701
  • 62536

Springfield, Illinois Electricity FAQs

FAQ

What is an affordable electricity rate in Springfield?

The cheapest plan that can be purchased in Springfield is 8.99 cents per kWh, currently sold by Constellation Energy.

What electric utility company does Springfield, Illinois use?

Versant Power is the primary utility company in Springfield, but many other different companies offer electricity in the deregulated Springfield market. The following is a complete list of our best companies carrying electricity in Springfield:

How do I find a green electricity plan in Springfield?

Shopping for a green electricity plan in Springfield is really a pretty easy process! Simply type in your zip code on this page, and then look for electricity plans that feature the 100% Green label on our online marketplace. Simple as that!

How should I pick an electricity company in Springfield?

It is straightforward! Type in your zip code on this page, and our staff at Find Energy will filter out the best electricity plans currently available on the market for you to choose from.

What is the cheapest electricity company in Springfield?

Constellation Energy, at the moment, supplies the best residential electricity plan at a price point of 8.99 cents per kilowatt-hour.

How many electricity providers are in Springfield?

Presently, there are 8 providers with operations in Springfield.

Who provides the lowest electricity rates in Springfield?

The following are the cheapest electricity rates that can be purchased in Springfield.

ProviderRate (¢/kWh)
Constellation Energy8.99
Spark Energy11.59
Just Energy11.69

Last Reviewed By: Nick Reese
Published: 2022-12-02