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Chicago energy rates

Are you moving to Chicago this summer? Welcome! Illinois is one of 15 states where you have the power to shop for energy.

This is called energy deregulation, and it means that Chicago residents and businesses have the ability to choose their natural gas and electricity supplier. Customers sign up with alternative suppliers for many reasons, including lower rates, additional services, and more options for environmentally friendly sources of energy.

No matter which supplier you choose, your local utility will still be responsible for delivering energy to your home or business. This means that switching between providers doesn’t involve any changes to your gas lines or wires, and the reliability of your energy supply and quality of service will remain the same, regardless of who the energy provider is. The utility will continue to maintain the power lines and pipelines that bring energy into your home, respond to power outages, read your meter, and send your bill.

Chicago electricity rates

Electric rates in Illinois vary throughout the year. Typically, electricity rates are lowest in the fall and early winter. To see what rates are available from Choose Energy’s suppliers, please visit Chicago electricity prices.

Plans usually run from six to 36 months.

Questions new Chicago residents might have:

What happens when my plan ends? At least 30 days before a plan ends, your provider will contact you. The options: Renegotiate service with the current provider, possibly at a different rate; shop for new service with ChooseEnergy.com or another marketplace; do nothing, and get renewed by your provider at its default – and likely higher – rate.

What if the lights go out? Call Commonwealth Edison, the local electric utility. It is responsible for repairing and maintaining power lines and getting your power back on.

What if I move before my contract ends? This one is tricky. Many plans include early termination fees, but sometimes those fees are waived for movers. Check your contract carefully before you sign up.

Chicago natural gas rates

Natural gas rates in Illinois also vary seasonally. Typically, rates are lowest in the fall and early winter. To see what rates are available from Choose Energy’s suppliers, please visit our natural gas page and enter your ZIP code there.

Chicago utility companies

Commonwealth Edison is the largest electricity distributor in the state of Illinois. The local natural gas utility is People’s Gas, which serves more than 800,000 customers in the Chicago area.

No matter your supplier, ComEd and People’s Gas will be responsible for delivering energy to your home.

Chicago electricity & natural gas providers

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. Choose Energy has partnered with some of the leading providers in the area including, Champion Energy ServicesSpark Energy, and Constellation, in order to help customers find their ideal plan.

Chicago customers can also compare the prices of natural gas plans to find the one that best fits their needs and budget. Choose Energy has partnered with some of the leading providers in the area including, Just Energy and XOOM Energy in order to help customers find their ideal plan.

Chicago municipal aggregation

Several communities in the ComEd Illinois service territory are pursuing municipal aggregation. Municipal aggregation allows a community’s residents and small business to negotiate an electricity price as a group rather than as individuals. Recently, the Chicago terminated its municipal aggregation contract and returned Chicago residents to Com Ed, which charged lower rates.

Chicago renewable energy

Consumers who are interested in sustainable electricity are in luck. Choose Energy has partnered with Spark Energy, which provides which provides affordable renewable energy to Chicago homes and business, allowing consumers to save money and help the environment at the same time.

Updated: 6/3/2019