Electricity Rates in Geneseo, IL
Geneseo, IL is in a deregulated electricity market with 3 providers available. The average residential rate is 10.0¢/kWh, 23.1% below the Illinois average of 13.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Geneseo
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Ameren Illinois Company | 12.0¢/kWh | 9.0¢/kWh | Investor Owned |
| 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 10.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Geneseo
At 10.0¢/kWh, a typical Geneseo household spends approximately $1063.20/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 Geneseo
Charging an electric vehicle at home in Geneseo costs approximately $90.00/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 Geneseo, IL?
The average residential electricity rate in Geneseo, IL is 10.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $88.60 for a typical household.
Who provides electricity in Geneseo?
Geneseo is served by 3 electricity providers. Ameren Illinois Company is the largest provider in the area, though rates and availability vary by specific address.
How do Geneseo electricity rates compare to the rest of Illinois?
Geneseo's average rate of 10.0¢/kWh is 23.1% below the Illinois state average of 13.0¢/kWh. Residents enjoy some of the lower rates in the state.