Electricity Rates in Shumway, IL
Shumway, IL is in a deregulated electricity market with 4 providers available. The average residential rate is 14.0¢/kWh, 7.7% above the Illinois average of 13.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Shumway
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Ameren Illinois Company | 12.0¢/kWh | 9.0¢/kWh | Investor Owned |
| Norris Electric Coop | 15.0¢/kWh | 14.0¢/kWh | Cooperative |
| Shelby Electric Coop, Inc - (IL) | 19.0¢/kWh | 13.0¢/kWh | Cooperative |
| Southwestern Electric Coop Inc - (IL) | 14.0¢/kWh | 13.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 14.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Shumway
At 14.0¢/kWh, a typical Shumway household spends approximately $1488.48/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 Shumway
Charging an electric vehicle at home in Shumway costs approximately $126.00/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 Shumway, IL?
The average residential electricity rate in Shumway, IL is 14.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $124.04 for a typical household.
Who provides electricity in Shumway?
Shumway is served by 4 electricity providers. Ameren Illinois Company is the largest provider in the area, though rates and availability vary by specific address.
How do Shumway electricity rates compare to the rest of Illinois?
Shumway's average rate of 14.0¢/kWh is 7.7% above the Illinois state average of 13.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.