Electricity Rates in Albany, IL
Albany, IL is in a deregulated electricity market with 2 providers available. The average residential rate is 9.0¢/kWh, 30.8% below the Illinois average of 13.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Albany
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Commonwealth Edison Co | 12.0¢/kWh | 9.0¢/kWh | Investor Owned |
| MidAmerican Energy Co | 7.0¢/kWh | 5.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 9.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Albany
At 9.0¢/kWh, a typical Albany household spends approximately $956.88/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Albany
Charging an electric vehicle at home in Albany costs approximately $81.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in Illinois
Frequently Asked Questions
What is the average electricity rate in Albany, IL?
The average residential electricity rate in Albany, IL is 9.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $79.74 for a typical household.
Who provides electricity in Albany?
Albany is served by 2 electricity providers. Commonwealth Edison Co is the largest provider in the area, though rates and availability vary by specific address.
How do Albany electricity rates compare to the rest of Illinois?
Albany's average rate of 9.0¢/kWh is 30.8% below the Illinois state average of 13.0¢/kWh. Residents enjoy some of the lower rates in the state.