Chicago Electricity Rates
- The cheapest Chicago electricity rate is 0.2 cents per kWh, offered by MPower Energy out of 34 plans.
- The average Chicago electricity rate across competing providers is 11.9 cents per kWh at 1,000 kWh.
- The estimated monthly electric bill in Chicago is $88/month based on 740 kWh average usage.
Cheapest Electricity Plans in Chicago
Today's Cheapest Chicago Electricity Rates
The cheapest Chicago electricity plan right now is 0.18¢/kWh at 1,000 kWh. Rates range from 0.18¢ to 16.99¢ depending on usage and term length.
| Plan Name | Plan Length | Rate at 1,000 kWh | Sign up |
|---|---|---|---|
| MPower Energy – MPower Energy NJ LLC 12 | 12 months | 0.18¢/kWh | Continue |
| Spark Energy – Spark Energy 3 | 3 months | 9.49¢/kWh | Continue |
| Nordic Energy Services LLC – Nordic Energy Services 1 | Monthly | 9.50¢/kWh | Continue |
| CleanChoice Energy – CleanChoice Energy, Inc. 12 | 12 months | 10.50¢/kWh | Continue |
| Constellation – Constellation Energy 8 | 8 months | 10.79¢/kWh | Continue |
| AEP Energy Inc – AEP Energy 12 | 12 months | 10.80¢/kWh | Continue |
| Dynegy Energy Services East LLC – Dynegy 9 | 9 months | 11.29¢/kWh | Continue |
| Public Power, LLC – Public Power, LLC 12 | 12 months | 11.39¢/kWh | Continue |
| Illinois Gas & Electric – Illinois Gas & Electric 12 | 12 months | 11.49¢/kWh | Continue |
| Inspire – Inspire Energy Holdings, LLC 6 | 6 months | 11.99¢/kWh | Continue |
| Verde Energy – Verde Energy USA 24 | 24 months | 12.19¢/kWh | Continue |
| Alpha Gas and Electric – Alpha Gas and Electric, LLC 24 | 24 months | 12.59¢/kWh | Continue |
| IGS Energy – IGS Energy 12 | 12 months | 12.99¢/kWh | Continue |
| SmartEnergy – SmartEnergy Holdings, LLC 6 | 6 months | 13.10¢/kWh | Continue |
| Ambit Energy – Ambit Northeast, LLC 12 | 12 months | 16.49¢/kWh | Continue |
Featured Chicago Electricity Plans for October
Competition among electric providers keeps Chicago rates low. Based on current pricing, these plans stand out:
- MPower Energy – MPower Energy NJ LLC 12 (12-month): 0.18¢/kWh at 1,000 kWh.
- CleanChoice Energy – CleanChoice Energy, Inc. 12 (12-month): 10.50¢/kWh at 1,000 kWh. Locks in your rate for 12 months.
Chicago Electricity Suppliers
We compare rates from 15 certified Retail Electric Suppliers active in ComEd’s Chicago territory. Every supplier below offers plans to Chicago residents today.
Chicago Business Electricity Rates
Chicago’s economy spans finance, manufacturing, technology, healthcare, and transportation logistics. Commercial customers access deregulated RES rates through the ComEd territory.
Business electricity pricing factors in peak demand, load factor, and total volume. A quick quote is the only way to see what rates are available for your specific business profile.
Chicago Electricity FAQ
Common questions about electricity rates, plans, and suppliers in Chicago and the ComEd service area.
What is the cheapest electricity rate in Chicago right now?
Right now, Chicago rates start at 0.18¢/kWh for 1,000 kWh usage, offered by MPower Energy (MPower Energy NJ LLC 12). With 34 plans from 15 providers, the average is 11.9¢/kWh. That’s a 98% spread between cheapest and average. All providers are licensed by the Illinois Commerce Commission (ICC) and deliver power over your local utility’s grid. The cheapest plan saves approximately $117/month at standard usage.
What is the average monthly electric bill in Chicago?
For standard usage of 1,000 kWh, Chicago homes pay about $119/month in supply charges at the 11.9¢/kWh average rate. The EIA reports Illinois residential usage averages 750 kWh/month. your local utility’s delivery fees add to the supply charge. The cheapest plan at 0.18¢ reduces supply costs to $2/month.
Who delivers electricity in Chicago?
your local utility owns the wires, poles, transformers, and meters in Chicago. As the ICC-regulated utility, your local utility delivers every electron to your home regardless of which of the 15 providers you buy supply from. Your supplier handles billing and your per-kWh rate; your local utility handles the physical grid and outage response.
How do I switch electricity providers in Chicago?
Compare rates from 15 providers, sign up with your preferred RES (Retail Electric Supplier), and that’s it. your local utility completes the switch in 1–2 billing cycles with no service interruption. Under ICC regulations, switching is designed to be seamless — no technician visit, no equipment changes, no downtime. Same your local utility lines and meter, just a new supplier and rate.
Are there renewable energy plans in Chicago?
Several providers serving Chicago include renewable energy in their plans through Renewable Energy Certificates (RECs) sourced from wind and solar facilities across Illinois. No home equipment changes are needed — your local utility delivers the power identically. Compare plan details on each provider’s Terms of Service to see the exact renewable energy percentage included.
How much are electricity delivery charges in Chicago?
your local utility delivery charges in Chicago are regulated by the Illinois Commerce Commission (ICC) and apply equally to all customers regardless of which RES (Retail Electric Supplier) they choose. These charges cover poles, wires, meters, and grid maintenance. Most plan rates displayed on comparison sites already include your local utility’s delivery fees. Check each plan’s Terms of Service to see the exact breakdown of supply versus delivery costs.
Should I choose a fixed or variable rate plan in Chicago?
Fixed-rate plans guarantee your supply rate for a set period, typically 3 to 36 months. Variable-rate plans adjust monthly based on PJM/MISO wholesale market conditions. In Chicago, fixed plans start at 0.18¢/kWh today. For most households, a fixed rate offers better budget predictability and protection against seasonal price spikes when grid demand peaks and wholesale costs can surge.
