NewInsight: Investor-owned utilities charge 23% more for power

MidAmerican Energy electricity rates

What homes pay MidAmerican Energy for electricity, from EIA.

Investor-owned utility, 73,380 homes in Illinois. EIA lists it as MidAmerican Energy Co.

Headlines

Average price
9.7¢ a kWh
Down 4.1% on a year ago
Average bill
$71 a month
Down 6.0% on a year ago
Average use
732 kWh
A month. Illinois 697 kWh
Price rank in Illinois
3 of 3
1 is the most expensive

Over the 12 months to August 2026, MidAmerican Energy homes paid 9.7¢ a kWh, against 18.9¢ across Illinois.

MidAmerican Energy vs Illinois

MidAmerican EnergyIllinois
Average price, 12 months to August 20269.7¢18.9¢
Price in August 202616.4¢19.3¢
Average monthly bill, 12 months$71$132
Bill in August 2026$118$171
Average monthly use732 kWh697 kWh
Price change, past year-4.1%+11%
Price change since 2019-1.8%+45%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Average monthly bill

What an average home pays a month.

Up to and including August 2026