Electricity rates — ZIP 62703
A household in ZIP 62703 (Springfield) using 1,000 kWh a month pays about $1,384.36 a year on the cheapest of 2 generally available plans — Regular Residential (Rate 30) from City of Springfield, Illinois (Utility Company). Rates checked September 2, 2026. A further 6 schedules are published but restricted — means-tested, closed to new customers, or needing particular equipment — and they are priced further down.
Not indexed. This page does not yet meet the site’s own publication threshold — covers the same tariffs as /utility/city-of-springfield-illinois-utility-company; canonical points there. It is shown because the data behind it is real, not because it is complete.
Every priced plan, 1,000 kWh/mo
| Plan | Per year | vs cheapest | Effective |
|---|---|---|---|
| Electric Heat Residential Income Qualified Senior Citizen (Rate 37)time-of-use · income-qualified rate | $1,174.00 | −$210.36 | 9.8¢ |
| Electric Heat Residential Income Qualified Senior Citizen - Southern View (Rate 36)time-of-use · income-qualified rate | $1,175.20 | −$209.16 | 9.8¢ |
| Regular Residential - Senior Citizen (Rate 33)time-of-use · senior citizens only | $1,241.20 | −$143.16 | 10.3¢ |
| Regular Residential- Southern View Senior Citizen (Rate 32)time-of-use · senior citizens only | $1,242.40 | −$141.96 | 10.4¢ |
| Electric Heat Residential (Rate 34)time-of-use · needs electric heating | $1,309.16 | −$75.20 | 10.9¢ |
| Electric Heat Residential - Southern View (Rate 35)time-of-use · needs electric heating | $1,310.36 | −$74.00 | 10.9¢ |
| Regular Residential (Rate 30)✓ cheapesttime-of-use | $1,384.36 | — | 11.5¢ |
| Regular Residential - Southern View (Rate 31)time-of-use | $1,385.56 | +$1.20 | 11.5¢ |
Cost across usage levels
The cheapest plan at each consumption level, showing whether the ranking holds as usage changes.
- 500 kWh/mo — cheapest $745.88 (Regular Residential (Rate 30)), dearest $747.08, a $1.20 spread
- 1,000 kWh/mo — cheapest $1,384.36 (Regular Residential (Rate 30)), dearest $1,385.56, a $1.20 spread
- 2,000 kWh/mo — cheapest $2,661.44 (Regular Residential (Rate 30)), dearest $2,662.64, a $1.20 spread
What a typical bill costs
At 1,000 kWh a month the 8 priceable plans here run from $1,384.36 on Regular Residential (Rate 30) to $1,385.56 on Regular Residential - Southern View (Rate 31), with a median of $1,384.96.
The spread is $1.20 a year — about $0.10 a month for identical electricity.
Effective rates, bill divided by kilowatt-hours, span 11.5¢ to 11.5¢ per kWh at that usage.
How the answer changes with usage
Regular Residential (Rate 30) is cheapest at every level tested — $745.88 a year at 500 kWh a month, $2,661.44 at 2,000 kWh.
Cheapest 6 plans at 1,000 kWh a month
Electric Heat Residential Income Qualified Senior Citizen (Rate 37) — $1,174.00 a year, 9.8¢ per kWh effective, time-of-use. It carries a $7.41 monthly standing charge.
Electric Heat Residential Income Qualified Senior Citizen - Southern View (Rate 36) — $1,175.20 a year, 9.8¢ per kWh effective, time-of-use. It carries a $7.51 monthly standing charge.
Regular Residential - Senior Citizen (Rate 33) — $1,241.20 a year, 10.3¢ per kWh effective, time-of-use. It carries a $7.41 monthly standing charge.
Regular Residential- Southern View Senior Citizen (Rate 32) — $1,242.40 a year, 10.4¢ per kWh effective, time-of-use. It carries a $7.51 monthly standing charge.
Electric Heat Residential (Rate 34) — $1,309.16 a year, 10.9¢ per kWh effective, time-of-use. It carries a $8.94 monthly standing charge.
Electric Heat Residential - Southern View (Rate 35) — $1,310.36 a year, 10.9¢ per kWh effective, time-of-use. It carries a $9.04 monthly standing charge.
How these plans are structured
Of 8 priceable plans: 8 time-of-use.
Fixed monthly charges run from $7.41 to $9.04.
Who provides these plans
Every plan here comes from City of Springfield, Illinois (Utility Company) — a limit of what has been indexed, not a claim that it is the only provider in ZIP 62703 (Springfield).
The largest saving available here
Moving from Regular Residential - Southern View (Rate 31) to Regular Residential (Rate 30) saves $1.20 a year at 1,000 kWh a month, with no change in consumption.
What this does not cover
Service territories do not follow ZIP boundaries. These are the plans found at the coordinate this ZIP was resolved from, not a verified list for every address in it.
8 of these plans price by hour. WattClear does not know which hours a household uses, so those estimates carry lower confidence and say so on the figure.
New to these terms? The methodology page explains tiered bands, time-of-use periods and fixed charges, and sets out exactly what the rate engine assumes.
Estimate — your actual bill may differ.
Tariff structures from NREL/OpenEI Utility Rate Database (CC0 1.0), retrieved September 2, 2026.
Location resolved through the US Census Bureau Geocoder (Public domain) at 39.7817, -89.6501.