Compare Current Chicago electricity rates
| Plan Name | Plan Length | Rate* |
|---|---|---|
| Smart Energy - Green 6 Month Fixed Rate | 6 months | $0.077/ kWh |
| Public Power - Electric 7 Month Standard Fixed Rate | 7 months | $0.077/ kWh |
| Direct Energy - Live Brighter Term Optimized 7 | 7 months | $0.078/ kWh |
| Direct Energy - Live Brighter 9 | 9 months | $0.078/ kWh |
| Public Power - Electric 12 Month Standard Fixed Rate | 12 months | $0.089/ kWh |
| Smart Energy - Green 12 Month Fixed Rate | 12 months | $0.089/ kWh |
| Constellation - 6 Month Home Power Plan | 6 months | $0.090/ kWh |
| Direct Energy - Live Brighter 12 | 12 months | $0.090/ kWh |
| Constellation - 12 Month Home Power Plan | 12 months | $0.092/ kWh |
| Constellation - 12 Month Green Home Power Plan | 12 months | $0.094/ kWh |
| Public Power - Electric 15 Month Standard Fixed Rate | 15 months | $0.096/ kWh |
| Constellation - 18 Month Home Power Plan | 18 months | $0.097/ kWh |
| Smart Energy - Green 18 Month Fixed Rate | 18 months | $0.099/ kWh |
| Direct Energy - Live Brighter 18 | 18 months | $0.099/ kWh |
| Public Power - Electric 24 Month Standard Fixed Rate | 24 months | $0.104/ kWh |
Please note: All rates above are accurate as of 10/21/2024, 5:46:15 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
Chicago electric companies and utilities
In deregulated energy markets like Chicago, utility companies and electricity providers have specific roles. If you’re new to deregulation, understanding these differences can help you shop wisely for your new energy plan and secure the best Chicago electricity rates.
Energy suppliers
Chicago electric companies sell energy directly to consumers. As a result of energy choice, customers in the Windy City can compare electricity prices to find the best plan for their needs and budget. Here are several popular electric suppliers in Chicago on our marketplace:
When you enter your ZIP code on our free, independent marketplace, we help you compare today’s best rates from suppliers in your area and sign up for a competitive Chicago energy plan.
Utility companies
The electric utility company for the Chicago area is Commonwealth Edison — also known as ComEd. ComEd is responsible for repairing and maintaining power lines, turning power back on after an outage, and transmitting electricity in Chicago. You can purchase your power directly from ComEd or opt for an alternative supplier, but ComEd will deliver your electricity either way. To report a power outage in Chicago, call ComEd at 1-800-334-7661.
Chicago price to compare
With so many choices for electricity providers in Chicago, it’s helpful to know your baseline energy price when comparing rates. The utility company’s price to compare is the default rate if you opt to buy directly from ComEd. ComEd’s latest price to compare is 6.9 cents per kilowatt-hour (kWh).
Types of Chicago energy plans
Chicago electric companies offer a wide range of plans designed to fit different types of customers. When shopping for an electricity plan on our marketplace, you’ll find the following plan types:
- Fixed-rate plans: For long-term rate stability, choose a fixed-rate plan. You’ll sign a contract for anywhere from 12–36 months, during which your Chicago electricity rates won’t change. However, if you cancel early, you’ll pay an early termination fee (ETF).
- Variable-rate plans: If flexibility is your top priority, a variable-rate plan lets you avoid a contract and switch providers anytime. Keep in mind that your electricity rate may change from month to month.
- Prepaid and no-deposit plans: Most electric providers in Chicago conduct credit checks and require upfront deposits from customers who don’t meet their requirements. If you’d rather avoid the deposit, you can explore no-deposit plans from some providers. These plans typically allow you to pay for electricity ahead of time rather than putting down a security deposit.
- Renewable energy plans: In 2022, 14% of Illinois energy came from renewable sources. When shopping for electric plans, Chicago customers can compare various providers offering green energy options in the city. Enter your ZIP code on our marketplace and use our filtering tools to shop for green energy plans near you.
Find the best energy plan with Choose Energy
Deregulation allows customers access to a lot of choices, but it’s easy to get lost in the process. Choose Energy simplifies your search, making it easy to compare Chicago electricity prices and find the best provider for your needs. Here’s how it works on our marketplace:
- Enter your ZIP code: Search for Chicago electric companies offering plans in your area using your ZIP code. Filter your results by green energy, no-deposit options, and more.
- Compare plans and rates side by side: Explore electricity rates, plan features, contract types, and rate options to decide on the best fit.
- Sign up and enjoy: Sign up online or by phone in just a few minutes, then sit back and let your provider manage the switch.
How to switch your provider in Chicago
Customers may choose to switch to a different Chicago electricity company for many reasons, including lower rates, additional services, renewable energy sources, and more. If you need to switch your electric company, take time to explore your options. To shop for the best Chicago electricity rates, simply enter your ZIP code on our marketplace.
Frequently asked questions about Chicago energy
Is a deposit required for my energy plan?
Many electricity providers in Chicago require a deposit from customers who don’t meet their credit requirements. If you’d like to avoid a deposit, filter your search results for no-deposit plans and prepaid electricity options.
What happens if you don’t buy from a supplier?
If you don’t purchase your electricity from a Chicago electric provider, you’ll be enrolled in the default rate from your utility company. In that case, your Chicago electricity bills will come from ComEd.
How can I lower my utility bill in Chicago?
There are numerous ways to lower your energy bills, and it all comes down to reducing your energy consumption. For instance, sealing drafty windows and doors, using shades or blinds strategically, and relying on your HVAC less often can help you cut back on electricity usage. For more tips, explore our guide to lowering your energy bill.