Peoria Electricity Rates
Peoria has one of the most competitive electricity markets in the IL service area, with 3 active plans. Providers in the IL service area offer rates from 11.29¢ to 14.29¢/kWh. The market average at 1,000 kWh is 13.16¢/kWh. Rates are updated multiple times daily.
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 |
|---|---|---|---|
 |
CONSTELLATION NEWENERGY INC
Constellation Energy 9 - 11.29¢
9 months
Cheapest
|
11.29¢
per kWh at 1,000 kWh
|
Continue |
Showing the 1 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.
- CONSTELLATION NEWENERGY INC
- 11.29¢/kWh at this usage
- 9-month fixed rate
Peoria Electricity Suppliers
We compare rates from 1 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.
What is the cheapest electricity rate in Peoria right now?
The current floor in Peoria is 11.29¢/kWh at 1,000 kWh, offered by CONSTELLATION NEWENERGY INC (Constellation Energy 9 - 11.29¢). Most plans cluster between 11.29¢ and 13.16¢/kWh across 3 total options from 1 ICC-certified providers. Switching from the market average to the cheapest plan saves roughly $19/month at 1,000 kWh. Every plan uses the same your local utility delivery grid. We pull fresh rates throughout the day.
What is the average monthly electric bill in Peoria?
For standard usage of 1,000 kWh, Peoria homes pay about $132/month in supply charges at the 13.16¢/kWh average rate. The EIA reports Texas residential usage averages 1,140 kWh/month, with summer months pushing many homes to 1,500–2,000 kWh. your local utility’s delivery fees add to the supply charge. The cheapest plan at 11.29¢ reduces supply costs to $113/month.
Who delivers electricity in Peoria?
your local utility owns the wires, poles, transformers, and meters in Peoria. As the ICC-regulated utility, your local utility delivers every electron to your home regardless of which of the 1 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 Peoria?
Three steps: (1) compare plans from 1 providers serving Peoria, (2) enroll online with your chosen RES (Retail Electric Supplier), (3) wait 1–2 billing cycles for your local utility to process it. No appointment needed and no interruption to your power. the Illinois Commerce Commission (ICC) oversees the switching process to ensure it’s seamless. The only change is who supplies your power and at what rate.
Are there renewable energy plans in Peoria?
Yes — several Peoria providers offer plans with partial or full renewable energy content through Renewable Energy Certificates (RECs). These RECs match your usage with wind and solar generation on the ERCOT grid. No equipment changes are needed. your local utility delivers the power identically regardless of whether your plan includes renewable content. Check each plan’s EFL for the exact renewable percentage.
How much are electricity delivery charges in Peoria?
your local utility’s delivery charges are regulated by the Illinois Commerce Commission (ICC) and identical for all Peoria customers, regardless of supplier. These fees cover transmission, distribution infrastructure, and grid maintenance. When comparing Peoria electricity plans, the rates shown at 1,000 kWh typically include delivery fees. Review each plan’s Electricity Facts Label (EFL) for the full breakdown of supply versus delivery costs.
Should I choose a fixed or variable rate plan in Peoria?
Fixed-rate plans lock your supply rate for a set term (typically 3–36 months), protecting you from seasonal price spikes on the ERCOT grid. Variable-rate plans can change monthly based on wholesale electricity costs. In Peoria, fixed plans currently start at 11.29¢/kWh. Most energy advisors recommend fixed rates for budget predictability, especially heading into summer when Texas wholesale prices historically spike.