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Joliet Electricity Rates

Joliet Electricity Prices

Lowest electric rates in Joliet today:

Source: EnergyBot (updated daily, averages based on 4 month trends)

Joliet Energy Data

Last updated April 2021

  • The average Joliet commercial electricity rate is 8.96 ¢/kWh (13% lower than the national average).
  • The average Joliet residential electricity rate is 12.3 ¢/kWh (3% lower than the national average).
Source: Illinois energy data from The U.S. Energy Information Administration (EIA)

Business Electricity Rates in Joliet, Illinois

Illinois electricity deregulation began in 1997, giving Joliet based businesses the power to choose their electricity provider. The deregulated market opened energy supplier up to competition- forcing them to be more efficient as it relates to both service and price. Businesses of all sizes can compare energy plans from top energy suppliers and shop for the best available rates.

In most cases, Joliet businesses that take advantage of the competitive market can more effectively manage their monthly electricity costs by switching energy providers, plans and rates, as needed.

What is the ICC?

The Illinois Commerce Commission, known as ICC, is the public utilities commission of the U.S. state of Illinois, charged with the regulation of utility service providers, including electricity, natural gas, telecommunications, and transportation. ICC was created to assure the residents of Illinois have adequate, efficient, reliable, and safe public utility services at a fair price.

In doing so, the ICC impacts every business in Joliet – as it regulates all providers of utility services, including electric and natural gas companies, local and long-distance telephone companies, water and wastewater companies, rail and trucking companies. ICC is responsible for promoting the development of an effective, competitive energy market.

As a Joliet business owner, it is important to understand that the ICC is also synonymous with the “Plug In Illinois” energy comparison charts.

What is the difference between a Utility and an Energy Provider?

Utilities are the entities in charge of the operation and maintenance of the energy infrastructure, like wires and towers. The local utilities in Joilet are Commonwealth Edison and Ameren. They are responsible for transporting electricity from the generators to residential homes and businesses in this specific region.

Energy providers in Illinois, like Direct Energy and Constellation are the competitive energy retailers. Each energy provider buys energy from the wholesale market (the generators) and then re-sells it to consumers (homeowners, renters, and businesses).

In most cases, the consumer, the homeowner, renter, or business, signs a contract with an energy provider for a specific energy plan. The basic energy plan details the rate class, the energy rate per kWh, the contract term length (6, 12, 24, 36 months), and other contract terms like cancellation fee policy.

What is energy choice?

Energy choice, also known as energy market deregulation, allows Joliet business owners to select their energy supplier. Joliet has been a deregulated market since May 1, 2002.

Switch Electricity Providers in Joliet

Finding a new electricity provider in Joliet is simple with EnergyBot. Follow these simple steps to get the lowest electricity rate in Joliet.

Step 1: Shop Joliet electric companies and prices

Enter your zip code at the top of this page and you can quickly see plans from the top Joliet electric companies. For even better pricing use our data linking tool to pull in your historic usage from your utility.

Step 2: Review the plan details

Energy plans often have long confusing contracts. We don't like teaser rates and tricky terms, so we filter out the plans that trick customers into bill spikes. Each plan you see on our site has plan details. This breaks down the most important information about the plan into a way that is easy to understand.

Step 3: Confirm the switch to a new energy provider

Once you have decided on a new energy plan for your home business just follow the prompts to confirm. Once you're done, we give you dashboard to see the status of your contract.

Types of Energy Plans offered in Joliet

Joliet energy providers offer rates and plans with a range of options and terms. While you will see many types of plans for the most part they are in two categories: fixed-rate and variable rate.

Fixed-Rate Electricity Plans in Joliet

Fixed-rate plans will have a set price for the term of the contract. Regardless of weather, natural events, or market volatility, your rate will not change. In most cases, fixed-rate plans have a term length of 6, 12, 24, or 36 months. We recommend fixed-rate plans for most customers.

Variable-Rate Electricity Plans Joliet

Variable-rate plan rates may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but present more volatility in pricing. Price changes may impact your monthly electricity bill in the form of price hikes. In most cases, we do not recommend variable-rate plans.

Joliet Electric Rates

How much is electricity in Joliet? Rates updated daily

About Joliet, Illinois

The city of Joliet was founded in 1673 by French-Canadian explorer Louis Joliet, however the city did not officially become incorporated until 1852. It started out as the “City of Stone” due to its abundance in the area and transformed into the “City of Steel” for its steel manufacturing. A renovation of the downtown Joliet area has recently attracted many new businesses.

Illinois Business Profile

Illinois small businesses employed 2.4 million people and grew by 19,000 net new jobs according to the latest SBA Small Business Profile. The 2.4 million employees represent 46.4% of the total employees in Illinois. In total 1.2 million small businesses in Illinois make up 98.2% of the total businesses in the state.

Joliet, Illinois Business Profile

Joliet is evolving from a steel and manufacturing suburb to a commuter suburb in the Chicago metropolitan area. Tourism is a prominent industry, aided by two riverboat casinos: The Empress Casino and Harrah’s Casino.

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