Chicago electricity

Energy choice participation is picking up in Chicago as consumers are becoming more aware of legislation that allows them to choose a competitive electricity supplier as opposed to their incumbent utility ComEd. The creation of a competitive electricity market in Illinois has created an abundance of electric rate options that customers can now choose between. As suppliers fight to gain market share and brand recognition consumers will find it easier to shop around for the lowest rates with names they trust. Residents who become more educated with electricity choice continue to shop to stay informed about which suppliers are offering the lowest rates.

Chicago residents searching for the lowest electric rate should consider switching to a competitive supplier immediately . Locking in a fixed electric rate may protect the consumer from volatility during harsh winter months. Competitive electric suppliers already have future weather projections built into their rates, marginalizing the effects short term spikes in the energy wholesale futures markets will have on competitive offers. In general, fixed rates offered by Chicago competitive suppliers provide price security for residential customers.

Trying to choose the lowest electricity rate in Chicago is becoming easier as the competition fights to gain more market share. One tool that is becoming increasingly popular to help electric choice shoppers choose and compare rates are online comparison sites. Online comparison sites allow consumers to compare the cheapest electric rates from multiple suppliers based upon the desired term that best suits the customer. The process of switching to a competitive supplier through an online comparison site is minimal in time for the customer. All it takes is a copy of the ComEd bill and a few minutes to compare current competitive offers to the ComEd price to compare.


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Electricity shopping activity in Chicago has picked up in recent months due to a price increase approved by the Illinois Commerce Commission for ComEd. As the largest electricity utility in the state of Illinois, ComEd provides a default electricity rate to their customers who do not select a competitive supplier. Historically, the price of the ComEd default rate has correlated strongly with electricity shopping activity in the territory. When the default increases, more customers look to shop the competitive market for low Illinois electricity rates that can save them money. Alternatively, when ComEd lowers their default price, some customers leave their competitive supplier plan and jump back on to the default plan. At its peak in March of 2014, electricity choice participating in the ComEd market reached 2.4 million of the 3.8 million customers. As a result of a consistently falling ComEd default rate, until recently, the participation number has steadily fallen to a low of only 1.25 million customers in April of 2017.

Over the last year, residents in Chicago and the rest of northern Illinois, has seen the ComEd price to compare rise steadily from $0.062 in June of 2016 to $0.06892 in July of 2017. The 11.16% year over year increase has caused some to start shopping the competitive Illinois electricity market once again. Adding fuel to the fire is the fact that there are now more competitive electricity suppliers offering service to Chicago area than ever before at rates that are deeply discounted from the default price. The combination of a high default rate and low competitive electricity rates is expected result in more active electricity shoppers in northern Illinois.


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The default rate for electricity that customers of ComEd are paying remains relatively high when compared to available competitive prices offered through the Illinois Energy Choice Act. ComEd is the biggest electricity utility in the state of Illinois and is responsible for providing power to the entire city of Chicago and the surrounding suburbs.

The current default price to compare ComEd rate for residential customers is between $0.0743 and $0.0793 cents per KWh. The range is dependent on the ComEd Purchase Electricity Adjustment, which gives ComEd the flexibility of adding up to half a penny, $0.005, per KWh to the default rate each month in order to make up expenses in situations where they pay more for power than the revenues derived from the price to compare customer pool. Meanwhile customers can find low electric rates in Chicago that will yield 9% savings versus the ComEd price to compare.

Chicago customers can also compare ComEd electricity rates that offer other incentives other than just a low price. Some electricity suppliers are offering cash back sign up bonuses, visa gift cards, and even a free Nest learning thermostat which is currently valued at $249. Illinois electricity suppliers are also offering green energy rate products that allow ComEd customers to purchase power derived from renewable resources.

Here is a list of the most attractive electricity rate offers in the ComEd service area, ranging from lowest price to great promotions:


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