Peoria Electricity Rates
Today’s cheapest Peoria electricity rate is 10.7¢/kWh at 1,000 kWh. Across 14 plans from 6 providers, rates average 12.76¢/kWh and top out at 17.89¢. 7 of 14 plans are priced between 12-14¢/kWh.
Cheapest Electricity Plans in Peoria
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 |
|---|---|---|---|
 |
SmartEnergy
SmartEnergy Holdings, LLC 12 - 10.70¢
12 months
Cheapest
|
10.70¢
per kWh at 1,000 kWh
|
Continue |
 |
Public Power, LLC
Public Power, LLC 12 - 10.99¢
12 months
Low Rate
|
10.99¢
per kWh at 1,000 kWh
|
Continue |
 |
Nordic Energy Services LLC
Nordic Energy Services 1 - 11.00¢
1 months
Low Rate
|
11.00¢
per kWh at 1,000 kWh
|
Continue |
 |
Illinois Gas & Electric
Illinois Gas & Electric 12 - 11.09¢
12 months
Fixed Rate
|
11.09¢
per kWh at 1,000 kWh
|
Continue |
 |
CONSTELLATION NEWENERGY INC
Constellation Energy 6 - 11.99¢
6 months
Fixed Rate
|
11.99¢
per kWh at 1,000 kWh
|
Continue |
 |
Ambit Energy
Ambit Northeast, LLC 12 - 12.89¢
12 months
Fixed Rate
|
12.89¢
per kWh at 1,000 kWh
|
Continue |
Showing the 6 cheapest Peoria electricity plans based on 1,000 kWh usage.
Best Peoria Electricity Plans by Usage Level
Peoria homes average 800–1,000 kWh/month. The humid continental climate brings hot summers and cold winters, with manufacturing and healthcare anchoring the local economy and energy demand.
- SmartEnergy
- 10.7¢/kWh at this usage
- 12-month fixed rate
Central Illinois Climate & Energy Costs
Peoria’s humid continental climate brings hot, muggy summers and cold, snowy winters along the Illinois River valley. Homes with central AC and electric heat 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 Ameren Illinois bill.
Peoria Electricity Suppliers
We compare rates from 6 certified Retail Electric Suppliers active in Ameren Illinois’s Peoria territory. Every supplier below offers plans to Peoria residents today.
Peoria Business Electricity Rates
Peoria’s economy is anchored by manufacturing, healthcare systems including OSF HealthCare and UnityPoint Health, and the legacy of Caterpillar’s historic headquarters. Commercial customers access deregulated RES rates through the Ameren Illinois 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.
Peoria Electricity FAQ
Common questions about electricity rates, plans, and suppliers in Peoria and the Ameren Illinois service area.
How does electricity deregulation work in Peoria?
In Peoria, electricity delivery and supply are separated. your local utility handles the wires and infrastructure, while you pick from competing suppliers (RES (Retail Electric Supplier)s) for your actual electricity. This competition is regulated by the Illinois Commerce Commission (ICC).
What is the cheapest electricity rate in Peoria right now?
Right now, Peoria rates start at 10.7¢/kWh for 1,000 kWh usage, offered by SmartEnergy (SmartEnergy Holdings, LLC 12 - 10.70¢). With 14 plans on the market, the average is 12.76¢/kWh. That’s a 16% spread between the cheapest and the average.
What is the average monthly electric bill in Peoria?
A typical Peoria household using 1,000 kWh pays around $128/month at the average rate of 12.76¢/kWh. Your bill will vary with seasonal usage patterns — summer AC and winter heating drive the biggest swings.
Who delivers electricity in Peoria?
your local utility handles all electricity delivery in Peoria — the physical infrastructure, meter reading, and outage response. Your choice of supplier only affects who generates and bills for the supply portion.
How do I switch electricity providers in Peoria?
Switching is straightforward: compare plans, choose a RES (Retail Electric Supplier), and sign up. The new supplier coordinates with your local utility automatically. Expect the switch to take 1–2 billing cycles. There’s no physical work needed and no outage.
What happens when my contract expires?
Most suppliers move you to a month-to-month variable rate after your fixed term ends. This is usually higher than your locked-in rate. Set a reminder to compare plans before your contract expires.
Who handles power outages in Peoria?
your local utility. Your electricity supplier has no role in outage response — that’s always handled by the delivery company.