Find the Cheapest Electricity Rates for Peoria IL 61606

We have made it very easy to compare Peoria power rates so you can get the least expensive electric price for your needs. Just enter your zip code then read company reviews, compare the Texas electricity companies that serve the Peoria area to get the best electric plan that meets your needs.

Local Natural Gas, and Electricity information for 61606

Stats for 61606

Covering approximately 1.33 square miles and containing a population of 8051 people, 61606 is Illinois 404th most populated zipcode.

Area codes in 61606 include 309.

4 Cities Nearest to Peoria

3 Smaller Zipcodes

ZipcodeMedian Income
62644$35,888
61103$35,869
61857$35,833
62896$35,750
62703$35,548

Popular Plans in Peoria

3 Month Fixed Rate
Flex Electric Choice Plan
  • 7.90 ¢/kwh
  • 2.9% under utility rate
    Compared to the current AmerenCILCO rate of 8.1360¢ / kwh
  • $0.00/mo.
     MRC
    The 'MRC' or 'Monthly Recurring Charge' is a fee that the provider will add to each of your bills in addition to the electric usage charges.
  • 3 month
  • Fixed Rate
6 Month Fixed Rate
Live Brighter 6
  • 9.49 ¢/kwh
  • $0.00/mo.
     MRC
    The 'MRC' or 'Monthly Recurring Charge' is a fee that the provider will add to each of your bills in addition to the electric usage charges.
  • 6 month
  • Fixed Rate
18 Month Fixed Rate
18 Month Home Power Plan
  • 10.29 ¢/kwh
  • $0.00/mo.
     MRC
    The 'MRC' or 'Monthly Recurring Charge' is a fee that the provider will add to each of your bills in addition to the electric usage charges.
  • 18 month
  • Fixed Rate

What customers are saying in Peoria

Overall Rating
Great Pricing.
Have had prices much better than my previous provider. Have been happy with service
  • Clint
  • Peoria, IL
  • February 3rd, 2020

News for 61606

Articles Around Peoria

Best 12 Month Electricity in Peoria

Posted on

Choose the Best 12 Month Electricity Plan

Shop the best electricity rates in Peoria. Don't pay those high Ameren PTC rates next spring. Shop now and save!
Ameren PTC rates will likely rise next year. Learn how to save more money when choosing the best 12 month electricity plan for your home in Peoria.

If you want to shop for the best electricity rate, now is the time. Fall weather is here, and with it comes decreased electricity demand. And that helps lower prices. In addition, lower natural gas prices have also help push electricity down further. But shopping the best plans and rates can be confusing. The good news is that if you're not sure where to start, don't worry! Let's look at three of the best 12 month electricity plans available in Peoria.

Why Pick a Plan Higher than the PTC Rate?

Right now, electric rates in Illinois are well below the yearly national average. The current Ameren PTC rate is a bit lower than most of these plans we'll get into. However, the Ameren PTC rate expires on May 31st. And by then summer weather will start driving up energy demand and prices.

Shopping for a 12 month fixed-rate plan now means you'll lock in the current low rate for the next year. And those rising summer PTC rates won't affect your bills. Plus, without early termination fees, you can always leave your contract if rates fall again and you find a better deal.

Find the Best Electricity Rate

First we have the best 12 month rate available, from NRG Energy. Their 12 Month Electric Choice plan comes in at only 10.1 cents per kWh. Assuming an average Illinois home uses about 700 kWh each month, the monthly energy supply charge will be about $70.70. And with no monthly fees, you can't go wrong with this plan.

Get a Great Deal on Electricity

Next, we have a great deal for customers new to Direct Energy. Their Live Brighter 12 plan comes in at only 10.19 cents per kWh, so you'll only spend an estimated $71.33 a month for your electric supply. In addition there are no monthly fees to worry about. And when you refer a friend to Direct Energy, you both get a $50 gift card!

Choose a Highly Rated Provider

Finally, we have Constellation. Their 12 Month Home Power Plan comes in at 10.69 cents per kWh, so your electric supply charges will run about $74.83 a month. In addition, there are no monthly fees to deal with. And as one of our highest rated providers, you'll be happy with the service from Constellation.

Shop for Electricity and Save

These are just a few of the plans available. There are other options for longer or shorter terms that you can shop right now. Plus, you can read reviews, track electricity rates, and a lot more at https://www.ilenergyratings.com.