Today’s lowest electricity rates in Springfield
| Plan Name | Plan Length | Rate* |
|---|---|---|
| Smart Energy - Green 12 Month Fixed Rate | 12 months | $0.097/ kWh |
| Public Power - Electric 12 Month Standard Fixed Rate | 12 months | $0.103/ kWh |
| Constellation - 12 Month Home Power Plan | 12 months | $0.109/ kWh |
| Direct Energy - Live Brighter 6 | 6 months | $0.123/ kWh |
Please note: All rates above are accurate as of 3/06/2025, 10:25:20 AM CST for ZIP Code 62629. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.
*All pricing shown in cents per kWh
Energy suppliers
In Springfield’s deregulated electricity market, energy suppliers sell power plans to residential and business consumers. They also manage customers’ accounts, including usage and billing. There are several energy suppliers that serve Springfield, including:
- Public Power
- Direct Energy
- Constellation Energy
- Smart Energy
Utility companies
In addition to your electricity provider, you’ll also have a utility company, which is responsible for delivering electricity to your home, maintaining electrical infrastructure, and responding to power outages. These companies are assigned by location, so you don’t have a choice in which one you use. In Springfield, the utility company is Ameren Illinois.
In the event of a power outage in Springfield, you’ll need to contact Ameren Illinois, not your energy supplier, to restore your electricity. Here are a couple ways you can get in touch with the utility:
- Use their online outage center
- Call 1-800-755-5000
Springfield price to compare
If you live in Springfield and don’t sign up with an energy supplier, you’ll be enrolled in a plan from Ameren Illinois at the utility’s default rate. This is known as the price to compare (PTC). Ameren Illinois’ current PTC is 8.277 cents per kilowatt-hour (kWh) if you use less than 800 kWh per month, and 7.693 cents per kWh if you use more than 800 kWh. This price is valid through May 31, 2025.
Types of energy plans in Springfield
When shopping for electricity, you might come across several kinds of energy plans, including fixed-rate, variable-rate, no-deposit, and renewable options.
- Fixed-rate plans: A fixed-rate plan guarantees a stable electricity rate that won’t change for the entirety of your contract term. In Springfield, most contracts last between six and 36 months. However, if you cancel a fixed-rate plan early, your energy supplier will usually charge an early termination fee (ETF).
- Variable-rate plans: The rate on a variable-rate plan is tied to the energy market, which fluctuates often. As a result, you could pay a different price for electricity each month. Variable-rate plans don’t have contracts, so you can cancel your plan at any time without being charged an ETF.
- Prepaid and no-deposit plans: With a prepaid plan, you’ll load money into your account to pay for your electricity before you use it. When your balance runs low, you’ll get an alert from your supplier to top up your account. Prepaid plans are no-deposit plans, so you won’t have to undergo a credit check or pay a deposit before beginning service.
- Renewable energy plans: In Springfield, you have the option of going green with your electricity plan. Some green energy suppliers source electricity from renewable sources (like solar and wind), while others buy renewable energy credits (RECs) on your behalf.
Find the best energy plan with Choose Energy
With Choose Energy, shopping for electricity is easy. Our online marketplace lets you compare Springfield electricity rates from multiple providers to find the best one for your energy needs all in one convenient place. If you’re ready to get started, here’s how the process works:
- Enter your ZIP code. We’ll give you a list of current energy rates and plans in Springfield. You can sort and filter the results to find plans that match your specific criteria.
- Sign up for a plan. When you’re ready to sign up for a plan, you can complete the process online in just a few minutes. If you have questions or prefer to sign up over the phone, you can reach one of our energy experts by calling the number on your screen.
- Let your provider handle the setup. Your energy supplier and utility company will work together to set up your electricity service so you can sit back and enjoy your savings.
How to switch your provider in Springfield
Our goal at Choose Energy is to help you find the best Springfield energy provider for your household. Whether you’re moving to a new home in the Illinois state capital or you’re a long-time resident looking to switch providers for a cheaper rate, we’re here to help. Enter your ZIP code on this page to start exploring rates near you today.
Frequently asked questions about Springfield energy
Is a deposit required for my energy plan?
If your credit score doesn’t meet an energy supplier’s standards, you’ll likely need to pay a deposit. If you have a high credit score and a history of paying your electric bills on time, you may be able to avoid a deposit. If you’d like to avoid a credit check altogether, consider a no-deposit or prepaid plan.
What happens if I don’t buy from a supplier?
If you don’t select an energy supplier in Springfield, you’ll be automatically enrolled to purchase power from your utility company, Ameren Illinois. Instead of choosing your own rate, you’ll be charged the utility’s default price to compare.
How can I lower my utility bill in Springfield?
Reducing your electricity consumption is a great way to lower your utility bill in Springfield. You can do this in many ways, including washing your laundry in cold water, using LED light bulbs, taking shorter showers, and maintaining your HVAC system. Another option is to sign up for a cheaper rate. You can get started on Choose Energy by entering your ZIP code on this page.