Illinois Variable Utility Rates & Pricing Trends

Understanding Illinois Energy Costs

Nordic Energy believes in transparency. As a leading Alternative Retail Electric Supplier (ARES) and gas supplier in Illinois, we provide this data to help residential and commercial customers make informed decisions about their energy strategy.

Below, you will find a month-by-month breakdown of variable rates for major Illinois utilities, including ComEd, Ameren, Nicor Gas, North Shore Gas, and Peoples Gas. These tables reflect the fluctuations in the wholesale energy market, influenced by weather, supply chain constraints, and seasonal demand.

Current & Historical Market Rates

The following tables represent the Average Variable Rate realized by customers in the Illinois market. Tracking these historical figures allows you to identify seasonal trends—such as the typical rise in natural gas prices (therms) during the winter months or electricity spikes during the summer cooling season.

Projected Variable Energy Rates (2024-2026)

Forecasting energy costs is vital for budgeting. The tables below outline Projected Variable Rates for electricity (kWh) and natural gas (therms).

Note on Projections: These figures are estimates based on current market futures and predictive modeling. While they are useful for long-term planning, actual rates may vary due to unforeseen market volatility or regulatory changes by the Illinois Commerce Commission (ICC).

Understanding the NGI FOM Index

The table below tracks the Natural Gas Intelligence (NGI) First of Month (FOM) Index.

What is it? This index is a primary benchmark used in the natural gas industry to determine the wholesale cost of gas at specific delivery points (like the Chicago Citygate).

Why it matters: Changes in the NGI FOM Index often precede changes in the variable rate you see on your bill. Rising index costs generally signal that retail gas prices will increase in the following billing cycles.

Methodology & Disclaimer

Nordic Energy derives these figures from a combination of publicly available utility filings and proprietary market analysis.

• Variable vs. Fixed: The rates shown above are variable, meaning they move with the market. Nordic Energy also offers Fixed Rate Plans, which allow you to lock in a set price for a specific term to avoid this volatility.
• Disclaimer: Past performance is not indicative of future results. Rates are subject to change without notice. Please refer to your specific customer agreement for the terms of your service.