Chicago Electricity Rates
Today’s cheapest Chicago electricity rate is 10.6¢/kWh at 1,000 kWh. Across 21 plans from 8 providers, rates average 12.38¢/kWh and top out at 16.89¢. 11 of 21 plans are priced between 10-12¢/kWh.
Cheapest Electricity Plans in Chicago
Sorted by price at 1,000 kWh. Plans with bill credits can cost more at other usage levels — check the EFL for the full breakdown.
| Provider | Plan | Rate | Action |
|---|---|---|---|
 |
AEP Energy Inc
AEP Energy 12 - 10.60¢
12 months
Cheapest
|
10.60¢
per kWh at 1,000 kWh
|
Continue |
 |
CleanChoice Energy
CleanChoice Energy, Inc. 12 - 10.70¢
12 months
Low Rate
|
10.70¢
per kWh at 1,000 kWh
|
Continue |
 |
CONSTELLATION NEWENERGY INC
Constellation Energy 10 - 11.19¢
10 months
Low Rate
|
11.19¢
per kWh at 1,000 kWh
|
Continue |
 |
Dynegy Energy Services East LLC
Dynegy 9 - 11.19¢
9 months
Fixed Rate
|
11.19¢
per kWh at 1,000 kWh
|
Continue |
 |
Illinois Gas & Electric
Illinois Gas & Electric 12 - 11.39¢
12 months
Fixed Rate
|
11.39¢
per kWh at 1,000 kWh
|
Continue |
 |
Spark Energy
Spark Energy 3 - 12.29¢
3 months
Fixed Rate
|
12.29¢
per kWh at 1,000 kWh
|
Continue |
 |
Verde Energy
Verde Energy USA 3 - 12.39¢
3 months
Fixed Rate
|
12.39¢
per kWh at 1,000 kWh
|
Continue |
 |
Ambit Energy
Ambit Northeast, LLC 12 - 16.39¢
12 months
Fixed Rate
|
16.39¢
per kWh at 1,000 kWh
|
Continue |
Showing the 8 cheapest Chicago electricity plans based on 1,000 kWh usage.
Best Chicago Electricity Plans by Usage Level
Chicago homes average 700–900 kWh/month, with hot summers and frigid winters driving seasonal spikes. Homes with central AC and electric heat can see usage swing significantly between seasons.
- AEP Energy Inc
- 10.6¢/kWh at this usage
- 12-month fixed rate
Chicago Four-Season Climate
Chicago winters are harsh with temperatures well below freezing, and summers bring heat and humidity. Homes with electric heat or central AC can see usage swing from 600 kWh in spring to 1,200–1,500 kWh in July and January. Lock in a fixed RES rate to avoid seasonal price swings on your ComEd bill.
Chicago Electricity Suppliers
We compare rates from 8 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.
How does electricity deregulation work in Chicago?
Chicago is in a deregulated electricity market. your local utility is the utility that delivers power through the local grid, but you choose which RES (Retail Electric Supplier) provides your electricity supply. the Illinois Commerce Commission (ICC) oversees the market to ensure fair competition.
What is the cheapest electricity rate in Chicago right now?
The cheapest Chicago electricity rate is 10.6¢/kWh at 1,000 kWh, offered by AEP Energy Inc (AEP Energy 12 - 10.60¢). The average across all 21 available plans is 12.38¢/kWh. Rates are updated multiple times daily.
What is the average monthly electric bill in Chicago?
At the current average rate of 12.38¢/kWh, a Chicago home using 1,000 kWh/month pays approximately $124/month for electricity supply. Actual bills depend on usage, which varies seasonally.
Who delivers electricity in Chicago?
your local utility is the electric delivery company for Chicago. They own and maintain the poles, wires, and meters. Regardless of which supplier you choose, your local utility delivers your power.
How do I switch electricity providers in Chicago?
Pick a RES (Retail Electric Supplier), enroll online or by phone, and they handle the your local utility transition. The switch takes 1–2 billing cycles with no service interruption — no one visits your home and your power stays on the entire time.
What happens when my contract expires?
When your contract ends, you may roll onto a variable rate from your current supplier or revert to your local utility’s default supply rate. It’s best to reshop before expiration to lock in a new competitive rate.
How do Chicago business electricity rates work?
Commercial rates in Chicago are custom-quoted based on your peak demand, load profile, and contract length. Unlike residential plans, business pricing includes demand charges. Compare certified suppliers for the best commercial rate.
Who handles power outages in Chicago?
your local utility. Your electricity supplier has no role in outage response — that’s always handled by the delivery company.