Why Peoria Electric Bills Keep Rising (2026): Ameren Delivery, a 13.29¢ City Supply Deal, and the October 1 Reset
Peoria electric bills keep rising for three reasons you can find on the bill itself. Ameren Illinois' delivery charges step up every January under a state-approved plan (7.811¢ per kWh this summer, 8.009¢ already scheduled for 2027). Summer supply has cost 11¢ to 12¢ per kWh two years running because of regional capacity prices. And unless you opted out, your supply comes through the City of Peoria's aggregation deal at 13.29¢ per kWh through June 30, 2027, which is 1.96¢ above Ameren's own 11.326¢ price in effect through September 30, 2026.
I sit at a lot of kitchen tables between Peoria, Pekin and Washington, and the question is always some version of "what am I actually paying, and who decided that?" The searches hitting my site say the same thing. People type in "peoria electric rates" and "why are peoria bills rising despite utility profits." Both questions have answers in public documents. Here they are, with the documents listed at the bottom.
Key facts for a Peoria-area electric bill
| Line | Figure | In effect |
|---|---|---|
| Ameren Illinois supply (Price to Compare) | 11.326¢/kWh, first 800 kWh | June 1 – Sept 30, 2026 |
| Peoria aggregation supply (Homefield Energy) | 13.29¢/kWh | Through June 30, 2027 |
| Same deal also covers | Peoria County, Peoria Heights, West Peoria, Bartonville, Chillicothe, Creve Coeur, Morton, North Pekin, Washington | Through June 30, 2027 |
| Pekin aggregation supply | 12.91¢/kWh | Through May 31, 2027 |
| Dunlap aggregation supply | 12.76¢/kWh | Through Aug 31, 2027 |
| Ameren distribution delivery, summer | 7.811¢/kWh | June – Sept 2026 billing periods |
| Ameren distribution delivery, non-summer | 4.572¢/kWh first 800 kWh, 2.427¢ above | Oct 2026 – May 2027 billing periods |
| Fixed customer + meter charges | About $14.51/month | 2026 |
| Delivery, already approved for 2027 | 8.009¢ summer, 4.687¢ non-summer | January 2027 bills |
| Ameren non-summer energy charge (before transmission and adjustments) | 7.074¢/kWh first 800 kWh, 5.194¢ above on the June annual sheet; 7.310¢ / 5.131¢ on the October 2026 monthly sheet | October 2026 – May 2027 |
| MISO summer capacity price (Ameren's zone) | $424.30 per MW-day (was $666.50 in 2025-26 and $30.00 in 2024-25) | June – Aug 2026 |
Anything I call an "all-in" rate or a bill total below is my estimate for a typical home. The rows above are published figures.
Reason one: delivery only goes one direction, and it's where Ameren makes its money
Peoria was Central Illinois Light Company territory until CILCO merged into Ameren Illinois on October 1, 2010. That's why your bill still says "Rate Zone II" at the top. The label doesn't change your price today. What matters is the delivery schedule every Ameren residential customer shares.
In December 2024 the Illinois Commerce Commission approved Ameren's multi-year grid plan, an increase the ICC rounded to $309 million spread through 2027. A year later, in a reconciliation case (Docket 25-0382), it struck $11.2 million from Ameren's $59.6 million request, which leaves about $48.4 million approved. A third request is pending now: the Citizens Utility Board puts it at about $65.3 million (Docket 26-0214), with a ruling expected in December 2026.
Here's the part that answers the "despite utility profits" question. Ameren doesn't profit on the electricity itself. The ICC's consumer site describes utility supply as charged "without any mark-up or profit." The profit is in delivery, where the company earns a regulated return on every substation and mile of wire it builds. So bills and profits aren't moving in opposite directions. They're moving together, for the same reason.
Ameren's own numbers say so. In its July 30, 2026 earnings release, Ameren Illinois Electric Distribution reported second-quarter earnings of $70 million, up from $64 million a year earlier, and explained it in one sentence: "The year-over-year increase reflected earnings on increased infrastructure investments." Ameren Transmission went from $86 million to $96 million with the same explanation. The parent company earned $314 million for the quarter, up from $275 million.
I don't think that's a scandal. Central Illinois has 50-year-old poles and they do need replacing. But it means nobody should expect the delivery half of a Peoria bill to come back down. The 2027 column in the tariff is already approved: 8.009¢ in summer, 4.687¢ in non-summer months, and about $1.48 a month more in fixed charges. I broke down every line of the Ameren bill here if you want to find these on your own statement.
Reason two: supply got expensive when the grid got tight
The supply half is set by state-run auctions and a regional capacity market run by MISO, the grid operator for downstate Illinois. Capacity is what everyone pays to keep enough power plants on standby for the hottest afternoon of the year.
Two summers ago that cost was small. MISO's summer capacity price for 2024-25 cleared at $30 per megawatt-day. For 2025-26 it cleared at $666.50. Ameren's summer supply price jumped from 8.277¢ to 12.180¢ that June, and Peoria felt it on July bills. This summer's price cleared at $424.30 in MISO's April 2026 auction, the same figure Ameren's September 2026 rate sheet lists as its capacity cost, and the supply price eased to 11.326¢. Better. Still nowhere near the old level.
Data centers are a real piece of this. The state's 2025 Resource Adequacy Study, issued jointly by the Illinois Power Agency, the ICC and the Illinois EPA in December 2025, says "data centers are the primary driver of load growth in the latest forecasts from utilities and the RTOs." On the downstate grid specifically: "MISO remains resource adequate through 2030, but a shortfall is projected to emerge in 2031 and grow thereafter."
Notice what that means for Peoria. A data center doesn't have to be built in Peoria County to reach your bill. Capacity is priced across the whole zone, so a server farm near St. Louis or in Indiana tightens the same market you buy from. I wrote more about how data centers feed into Illinois bills and about why Ameren supply keeps climbing through MISO.
Reason three: the one most Peoria households don't know about
This is the local one. Pull out your bill and look at the supply section. If it says Homefield Energy, you're in the City of Peoria's municipal aggregation program. The City negotiated a supply price on behalf of residents, and you were enrolled automatically unless you mailed back the opt-out card.
The ICC's aggregation list, which I pulled again on September 21, 2026, shows that price at 13.29¢ per kWh through June 30, 2027. Ameren's price to compare is 11.326¢. On a 1,000 kWh summer month that's an estimated $20 more for the same electricity through the same wires. Peoria County, Peoria Heights, West Peoria, Bartonville, Chillicothe, Creve Coeur, Morton, North Pekin and Washington are all on the same number. Pekin is at 12.91¢ with a different supplier. East Peoria's listed term ended May 31, 2026, so I can't tell you its current rate from the state list.
Nobody at city hall did anything foolish. The state list doesn't show when the deal was signed, but a 13.29¢ price reads very differently next to the 12.180¢ Ameren charged in summer 2025 than it does next to today's 11.326¢. Ameren's price moved down and the town's didn't. I covered the statewide picture in the Homefield vs. Ameren comparison: when I counted the state list on September 15, 2026, 245 of 260 priced town deals in Ameren territory cost more than the utility.
What changes October 1
Ameren's 11.326¢ summer price expires September 30. The Illinois Commerce Commission had not posted the October price to compare as of September 21, 2026.
One piece of it is already public, though. Ameren's annual supply sheet, effective June 2026 through May 2027, lists the non-summer residential energy charge at 7.074¢ per kWh on the first 800 kWh and 5.194¢ above that, down from 8.200¢ in summer. The price to compare adds transmission (2.765¢ as of June 2026) and two small adjustments on top. If those stay where they are, my arithmetic puts the October price to compare near 10.2¢. Update, September 23: Ameren's October monthly rate sheet lists the non-summer energy charge at 7.310¢ on the first 800 kWh and 5.131¢ above, which moves that estimate to about 10.4¢. Either way it's an estimate, not a posted rate, and transmission can change. It would also be a smaller drop than last October, when the price fell to 8.402¢.
For a Peoria household in the aggregation deal, the math gets worse, not better. The town price stays at 13.29¢ all winter. Against an Ameren price in the 10.2¢ to 10.4¢ range, the gap grows from about 2¢ to an estimated 3¢ per kWh, or roughly $23 to $25 on an 800 kWh month. I'll update the October rate post the week the official number lands. Delivery also switches to the lower non-summer schedule with October billing periods, which is the main reason fall bills shrink.
Updated September 30, 2026: the official figure is now posted. From October 1, 2026 through May 31, 2027, Ameren Illinois' Price to Compare is 10.441¢/kWh on the first 800 kWh and 8.262¢ above 800, per the Illinois Commerce Commission's Plug In Illinois page.
What a Peoria homeowner can actually do
Three things, in order of effort.
Check the supply line tonight. If it says Homefield Energy at 13.29¢ and Ameren's posted price is lower, you can return to Ameren supply. Illinois law (220 ILCS 5/16-119) gives residential customers the right to leave a supplier without termination fees. The ICC says the effective date "depends on your next meter read date," so allow one or two billing cycles. The ICC also notes that after returning to utility supply "you might have to stay on the utility's electric supply service for 12 months" before picking another supplier. The steps and phone numbers are in my alternative supplier post. Re-check every June and October, because the comparison flips when the utility price moves.
Look at the delivery line, not just supply. In summer you pay 7.811¢ to deliver each kilowatt-hour on top of whatever the supply costs. Every kWh you don't pull from the grid avoids both. That's why usage matters more in July than any supplier choice does.
Price out making your own. I'll be plain about my angle: I sell solar in Ameren territory. With a $0-down lease, the power your panels make comes at a predictable rate as low as $0.10/kWh, with the full 25-year rate schedule set in your contract before you sign, and a battery included. Solar you use in the house never crosses the meter, so it skips the supply charge and the distribution delivery charge. You still pay Ameren's fixed charges and for what you import at night. Whether it beats your current bill depends on your roof and your usage, and every savings figure is an estimate until we've looked at a real bill. The Peoria electricity rates page has the local numbers, and the savings calculator runs an estimate for your address.
Want a second set of eyes on your bill? Call (618) 217-2001 or reach out here. Bring the statement. I'll show you which of these three reasons is costing you the most.
Sources
- Illinois Commerce Commission, Plug In Illinois: Price to Compare, Ameren Illinois (11.326¢/kWh, June 1 – September 30, 2026; October price not yet posted when checked September 21, 2026) — https://plugin.illinois.gov/understanding-the-price-to-compare/price-to-compare-ameren-illinois.html
- Illinois Commerce Commission, Municipal Aggregation Communities list (Peoria-area suppliers, rates and term end dates; pulled September 21, 2026) — https://icc.illinois.gov/plugin/MunicipalAggrigationList (displayed at https://plugin.illinois.gov/municipal-aggregation/municipal-aggregation-list.html)
- Illinois Commerce Commission, Historical Prices to Compare (Ameren 8.277¢, 12.180¢, 8.402¢, 8.769¢; updated through September 2026) — https://icc.illinois.gov/downloads/public/pluginillinois/HistoricalPriceToCompare.pdf
- Ameren Illinois, Retail Purchased Electricity Charges, 22nd Informational Sheet, effective June 2026 through May 2027 (BGS-1 summer 8.200¢; non-summer 7.074¢ first 800 kWh, 5.194¢ above) — https://www.ameren.com/-/media/rates/illinois/residential/electric-rates/power-and-energy-supply/perannlinfoflg3.ashx
- Ameren Illinois, Hourly Supply Service Monthly Charges, 123rd Informational Sheet, effective September 2026 (capacity cost $0.424300 per PLC-day, summer) — https://www.ameren.com/-/media/rates/illinois/residential/electric-rates/historical-retail-2016-to-present/2026/aiifhss926.ashx
- Ameren Illinois, Rate PBR-R Appendix, 6th Revised Sheet No. 8.011, effective August 28, 2025, ICC Docket 25-0083 (2026 and 2027 customer, meter and distribution delivery charges) — https://www.ameren.com/-/media/rates/illinois/residential/electric-rates/distribution-delivery/aiel8rtpbrr08282025.ashx
- Ameren Corporation, second quarter 2026 earnings release, July 30, 2026, filed with the SEC on Form 8-K (segment earnings and the "increased infrastructure investments" explanation) — https://www.sec.gov/Archives/edgar/data/1002910/000100291026000020/q22026ex991earningsrelease.htm
- Illinois Commerce Commission release, December 2024: ICC approves amended Ameren grid plan — https://www.illinois.gov/content/dam/soi/en/web/illinois/iisnewsattachments/30764-122024-12.19.24-ameren-grid-plan-2024-release-final.pdf.pdf
- Illinois Commerce Commission release, December 18, 2025: Ameren reconciliation, Docket 25-0382 — https://icc.illinois.gov/downloads/public/press-release/12-18-25%20Ameren%20Reconciliation.pdf
- Illinois Commerce Commission, Docket 26-0214 (pending Ameren Illinois reconciliation) — https://www.icc.illinois.gov/docket/P2026-0214
- Illinois Power Agency, Illinois Commerce Commission and Illinois EPA, 2025 Resource Adequacy Study, Executive Summary, December 15, 2025 (data centers as primary driver of load growth; MISO shortfall projected to emerge in 2031) — https://ipa.illinois.gov/content/dam/soi/en/web/ipa/documents/20251215-executive-summary-illinois-ra-study-2025.pdf
- MISO, 2025-26 Planning Resource Auction results release, April 28, 2025 ($666.50 per MW-day summer) — https://www.misoenergy.org/meet-miso/media-center/2025---news-releases/misos-planning-resource-auction-indicates-sufficient-resources/
- MISO, 2026-27 Planning Resource Auction results release, April 28, 2026 ($424.30 per MW-day summer, Local Resource Zones 1-7) — https://www.misoenergy.org/meet-miso/media-center/2026---news-releases/misos-planning-resource-auction-shows-sufficient-capacity-for-coming-year
- MISO, 2024-25 Planning Resource Auction results release, April 25, 2024 ($30.00 per MW-day summer) — https://www.misoenergy.org/meet-miso/media-center/2024/planning-resource-auction-results-highlight-the-need-for-continued-market-reforms/
- Illinois Commerce Commission, Plug In Illinois: The Switching Process (effective date depends on the next meter read; possible 12-month stay on utility supply) — https://plugin.illinois.gov/electric-choice-basics/switching-process.html
- Illinois Commerce Commission, Plug In Illinois: Understanding the Price to Compare (utility supply charged "without any mark-up or profit") — https://plugin.illinois.gov/understanding-the-price-to-compare.html
- Ameren Illinois Company Form 8-K exhibit, October 2010 (CILCO, CIPS and Illinois Power merger completed October 1, 2010) — https://www.sec.gov/Archives/edgar/data/0000018654/000119312510225962/dex991.htm
- 220 ILCS 5/16-119 (residential right to terminate a supplier contract without fees) — https://www.ilga.gov/legislation/ilcs/fulltext.asp?DocName=022000050K16-119



