What to know about electricity rates in Wadsworth, IL
- Wadsworth residents pay 14.69 cents per kWh while the average national rate is 16.82 cents
- The cheapest electricity rate is 6.03 cents per kWh for Wadsworth residents
- You can shop rates from 42 available providers in Wadsworth
Best Wadsworth, IL electricity rates
In the city of Wadsworth, you can find electricity rates that range from 6.03 cents to 32.27 cents per kWh. The best electricity plans in Wadsworth for you depend on how much power you use and when you use it. Comparing companies is the best way to find better rates. Below are some rates from popular electric companies in Wadsworth.
What is the cheapest electricity company in Wadsworth, IL?
| Provider | Service | Rate (c/kWh) |
|---|---|---|
| Homefield Energy | Energy | 6.10 |
| Dynegy Energy Services | Energy | 7.04 |
| AEP Energy | Energy | 7.12 |
| ResCom Energy | Energy | 8.21 |
| MC Squared Energy Services | Energy | 8.49 |
| CleanSky Energy | Energy | 8.83 |
| First Energy | Energy | 9.22 |
| Eligo Energy | Energy | 10.04 |
| Realgy Energy Services | Energy | 10.30 |
| South Bay Energy | Energy | 11.19 |
Because Illinois has a deregulated electricity market, Wadsworth residents have the flexibility to shop around for a cheaper electricity bill. Many states don't offer this choice. If you're looking to reduce your energy bill, consider switching to a different provider or plan. Wadsworth electricity providers offer different types of plans for residents and businesses to satisfy a range of needs.
Average cost of electricity in Wadsworth, Illinois
According to our data, the average electricity rate in Wadsworth is 14.69 cents per kWh. This equates to an average residential bill of $93.46 per month. Our data also shows the average resident in Wadsworth uses 636 kWh per month. Below, you can see how Wadsworth's electricity rates compare to the averages in Illinois and the United States.
| Rate | Usage | Bill | |
|---|---|---|---|
| Wadsworth Average | 14.69c | 636 kWh | $93.46 |
| Illinois Average | 17.04c | 683 kWh | $116.38 |
| United States Average | 16.82c | 875 kWh | $147.24 |
Since the average price is 14.69 cents per kWh or $93.46 per month for residential electricity, prices lower than these can be considered affordable. Electricity rates in Wadsworth, Illinois depend on your home size and usage, so the kWh rate is more useful when comparing your rate to the average.
Best electricity plans
We've analyzed the prices, terms, and conditions of popular Wadsworth electricity plans. Below are our picks for the best residential plans in the state.
| Provider | Contract Term | Rate | Plan |
|---|---|---|---|
36 months | 7.99¢ /kWh | ||
12 months | 8.19¢ /kWh | ||
18 months | 8.39¢ /kWh | ||
24 months | 8.48¢ /kWh | ||
32 months | 8.68¢ /kWh | ||
36 months | 9.09¢ /kWh | ||
36 months | 9.89¢ /kWh | ||
24 months | 10.09¢ /kWh | ||
24 months | 10.19¢ /kWh | ||
36 months | 10.59¢ /kWh | ||
12 months | 10.69¢ /kWh | ||
36 months | 11.39¢ /kWh | ||
24 months | 11.59¢ /kWh | ||
36 months | 55.9¢ /kWh | ||
12 months | 57.9¢ /kWh | ||
36 months | 57.9¢ /kWh | ||
12 months | 59.9¢ /kWh | ||
36 months | 70.9¢ /kWh | ||
36 months | 72.9¢ /kWh | ||
36 months | 77.9¢ /kWh | ||
| See All Plans | |||
Compare Wadsworth electricity providers
There are 42 electricity providers in Wadsworth, IL. While some providers only serve specific areas, you have multiple options for electricity wherever you are. Different providers can offer different specials, plan types, and sales throughout the year. However, always read the fine print of the energy plans you consider to avoid hidden penalties.
Residential electricity providers in Wadsworth
| Provider | Service Type | Rate (c/kWh) | Bill |
|---|---|---|---|
| Homefield Energy | Energy | 6.10 | $61.98 |
| Dynegy Energy Services | Energy | 7.04 | $67.91 |
| AEP Energy | Energy | 7.12 | $64.64 |
| ResCom Energy | Energy | 8.21 | $9.65 |
| MC Squared Energy Services | Energy | 8.49 | $71.12 |
| CleanSky Energy | Energy | 8.83 | $164.85 |
| First Energy | Energy | 9.22 | $72.38 |
| Eligo Energy | Energy | 10.04 | $70.71 |
| Realgy Energy Services | Energy | 10.30 | $79.32 |
| South Bay Energy | Energy | 11.19 | $63.33 |
Showing 10 of 42 providers
Business electricity rates in Wadsworth, IL
Commercial rates are typically cheaper than residential rates in Wadsworth, Illinois because businesses consume a lot of energy. This means they get a volume discount on electricity. Think about how much power a corner store might use to run HVAC, refrigeration, security systems, lighting, and computers. It adds up. Our data shows the average business in Wadsworth pays 10.87 cents per kWh for electricity and has an average bill of $645.52 per month. They also use 5,941 kWh per month, which is a big increase from the residential average of 636 kWh.
| Rate | Usage | Bill | |
|---|---|---|---|
| Wadsworth Average | 10.87c | 5,941 kWh | $645.52 |
| Illinois Average | 14.49c | 2,940 kWh | $426.05 |
| United States Average | 12.43c | 5,742 kWh | $713.88 |
Finding ways to reduce overhead costs is essential as a business owner. You have the opportunity to do that in a deregulated electricity market. Even reducing your electricity by one or two cents per kWh can make a huge difference when you have a high monthly bill. Compare commercial electricity rates to find the plan that makes the most sense for your business.
Best commercial electricity plans
Below are the top commercial electricity plans in Wadsworth, Illinois.
| Provider | Contract Term | Rate | Plan |
|---|---|---|---|
3 months | 33.11¢ /kWh | ||
3 months | 30.24¢ /kWh | ||
6 months | 39.42¢ /kWh | ||
6 months | 46.50¢ /kWh | ||
6 months | 46.00¢ /kWh | ||
6 months | 50.82¢ /kWh | ||
6 months | 51.29¢ /kWh | ||
12 months | 45.89¢ /kWh | ||
12 months | 41.87¢ /kWh | ||
12 months | 46.50¢ /kWh | ||
12 months | 46.89¢ /kWh | ||
9 months | 42.20¢ /kWh | ||
9 months | 46.50¢ /kWh | ||
12 months | 46.00¢ /kWh | ||
9 months | 46.00¢ /kWh | ||
18 months | 43.81¢ /kWh | ||
18 months | 46.50¢ /kWh | ||
18 months | 53.92¢ /kWh | ||
18 months | 53.12¢ /kWh | ||
18 months | 46.00¢ /kWh | ||
| See All Plans | |||
How to switch your Wadsworth electricity provider
Wondering how to make the switch to a new electricity provider in Wadsworth? The process is straightforward and won't disrupt your service.
First, review your current agreement's terms, then select either a new Retail Electric Supplier (ARES) or return to utility providers like ComEd or Ameren.
Key steps to switch providers:
- Compare rates among certified suppliers through the Illinois Commerce Commission
- Choose your preferred supplier and plan
- Let the new supplier handle the transfer process
- Wait for the change to take effect on your next meter reading
You won't need any home visits, and your electricity service will continue uninterrupted throughout the switch.
Best time to switch electric companies in Wadsworth, Illinois?
Determining the ideal time to switch energy providers in Wadsworth requires careful consideration of market trends and seasonal price fluctuations.
You'll want to review your current rates during spring and fall when energy prices typically stabilize between peak seasons.
Before making a switch, you should:
- Compare your utility's "Price-to-Compare" with alternative supplier rates
- Review the Illinois Power Agency's procurement plans for upcoming price trends
- Evaluate whether long-term contracts align with current market conditions
Remember that regulated utilities often provide the most stable rates year-round.
Wadsworth's deregulated electricity market
Since Illinois deregulated its electricity market in 1997, you've had the power to choose your electricity provider from multiple Alternative Retail Electric Suppliers (ARES).
The system works through a split structure where utilities like ComEd and Ameren Illinois maintain the power lines while ARES compete to sell you electricity.
You'll receive two main services:
- Delivery (from your utility company)
- Supply (from your chosen ARES or utility)
The Illinois Commerce Commission oversees the market to guarantee fair competition, while the Illinois Power Agency helps secure competitive rates.
You can choose between fixed rates, variable rates, or green energy options through municipal aggregation programs.
Types of electricity plans in Wadsworth, IL
Wadsworth offers four main types of plans that cater to different needs and preferences.
Fixed-rate plans provide stable pricing throughout your contract term, typically lasting 12-36 months. While you'll pay early termination fees for canceling, you'll enjoy predictable monthly bills.
Variable-rate plans adjust monthly based on market conditions. You won't face termination fees, but rates can spike during high-demand periods.
No-deposit and prepaid plans offer flexibility in payment structure. You can either start service without an upfront deposit or pay in advance.
Green energy plans support renewable sources through RECs, though they may cost slightly more than traditional options.
Compare Wadsworth electricity rates
Compare Wadsworth electricity rates to save money and avoid overpaying in the deregulated market. Bills can vary greatly, with rates between 6.03 to 32.27 cents per kWh across different providers and plan structures. Take the time to read the fine print and do the math to figure out which is your best option.
Electricity rates for cities near Wadsworth, Illinois
- Zion, IL
- Waukegan, IL
- Gurnee, IL
- Beach Park, IL
- Winthrop Harbor, IL
- Grandwood Park CDP, IL
- Antioch, IL
- Gages Lake CDP, IL
- Park City, IL
- Lindenhurst, IL
Electricity rates for other cities
Wadsworth, IL electricity rate FAQs
In Wadsworth, Illinois, a good electricity rate falls between 14 cents to 16 cents per kWh. Tired of high bills? Shop during spring and fall to lock in lower prices before HVAC use spikes in the summer or winter.
Wadsworth electricity rates currently average 14.69 cents per kWh, but you'll likely pay between 13 to 17 cents depending on your provider, location, and plan type.
Electricity prices in Wadsworth rise because of approved utility rate hikes and infrastructure costs. You'll face steeper bills as companies implement increases, while capacity charges and renewable transitions drive costs even higher.
Electricity rates fluctuate due to energy demand, fuel costs, grid infrastructure, and regulatory policies. While short-term declines may occur, long-term trends often show increases due to inflation, grid modernization, and shifts to renewable energy.