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Compare Chicago electricity rates

Written by Lisa Iscrupe

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Edited by Jamie Cesanek

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Last Updated: October 13, 2023

Explore today's low rates and compare energy plans.

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Chicago energy rates

Chicago utilities provide energy to nearly 2.7 million people. Over two decades ago, the Illinois Electric Service Customer Choice and Rate Relief Law eliminated the monopoly utility companies previously had on the electric industry. Now, Illinois residents can shop for electricity providers in Chicago and the rest of the state. 

This energy deregulation has led to increased competition among Chicago power companies. Residents have the opportunity to save money on electric bills by shopping for Chicago energy rates. Enter your ZIP code on this page to search for Chicago energy rates near you. 

Who provides electricity for Chicago?

Your Chicago utility company provides electricity to your address. However, many Chicago residents search for the “cheapest electric company near me” to find a lower energy rate. You may discover an alternative Chicago power company that is a less expensive electricity supplier for your area. You can also shop for the best gas provider in Chicago. 

Customers sign up with a different Chicago electricity company for many reasons, including lower rates, additional services, and more options for environmentally friendly energy sources. To shop for the best Chicago electricity rates, simply enter your ZIP code on our marketplace.

Chicago electricity rates

Plan NamePlan LengthRate*
Smart Energy - Green 12 Month Fixed Rate12 months$0.077/ kWh
Smart Energy - Green 6 Month Fixed Rate6 months$0.077/ kWh
Public Power - Electric 10 Month Standard Fixed Rate10 months$0.077/ kWh
Smart Energy - Green 18 Month Fixed Rate18 months$0.079/ kWh
Public Power - Electric 12 Month Standard Fixed Rate12 months$0.080/ kWh
Public Power - Electric 15 Month Standard Fixed Rate15 months$0.081/ kWh
Public Power - Electric 24 Month Standard Fixed Rate24 months$0.086/ kWh
Constellation - 18 Month Home Power Plan18 months$0.087/ kWh
Constellation - 12 Month Home Power Plan12 months$0.088/ kWh
Constellation - 12 Month Green Home Power Plan12 months$0.089/ kWh
Constellation - 6 Month Home Power Plan6 months$0.089/ kWh

Please note: All rates above are accurate as of 7/14/2024, 2:30:12 PM CDT for ZIP Code 60016. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.

*All pricing shown in cents per kWh

What is the cheapest electricity company in Chicago?

Choose Energy can help residents find the best electricity in Chicago. Our free online comparison tool allows you to find the best Chicago electricity rates. We also have a wealth of information available online to help you prepare to shop for electricity providers in Chicago.

Among these resources are:

 When you’re ready to shop for a new electric provider, enter your ZIP code on this page.

Chicago utility companies & energy providers

The electric utility company for the Chicago area Commonwealth Edison, or ComEd . ComEd is responsible for repairing and maintaining power lines, turning your power back on after an outage, and transmitting electricity to your home. To report a power outage, call ComEd at 1-800-EDISON-1.

How do I get electricity turned on in Chicago?

As a result of energy choice, Chicago customers can compare the prices of many electricity plans to find the one that best fits their needs and budget. Among the retail electric suppliers in Chicago are Champion Energy Services, Clearview Energy, Direct Energy, and more. When you enter your ZIP code, you’ll be able to compare the rates from all the suppliers serving your area and sign up for a Chicago energy plan.

 

Chicago renewable energy

In 2022, 14% of Illinois energy came from renewable sources. Of that energy, 87%  was from wind power, 11% from solar power, and the rest from biofuels. When shopping for electric plans, consumers can compare providers that offer green energy options, such as Spark Energy. Just enter your ZIP code on our marketplace to find energy plans that use renewable sources.

Chicago energy for business

In addition to helping customers find the best residential rates, Choose Energy can work with businesses to find the best commercial rates. Complete our commercial energy form to connect with one of our energy experts and start building a customized electricity plan for your Chicago business.

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