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Comprehensive Local Electricity Guide

Panama Electricity Rates

Commercial Electricity in Panama

^ The average commercial electricity rate in Panama, IL is 7.56¢/kWh.[1]

Residential Electricity in Panama

^ The average residential electricity rate in Panama, IL is 11.87¢/kWh.[1]

Industrial Electricity in Panama

^ The average industrial electricity rate in Panama, IL is 3.28¢/kWh.[1]

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IL Electricity

Panama, IL Electricity Statistics

Commercial electricity rates in Panama


  • Commercial Electricity in Panama
    • The average commercial electricity rate in Panama is 7.56¢/kWh.[1]
    • This average (commercial) electricity rate in Panama is 5.38% less than the Illinois average rate of 7.99¢/kWh.[2]
    • The average (commercial) electricity rate in Panama is 25.07% less than the national average rate of 10.09¢/kWh. Commercial rates in the U.S. range from 6.86¢/kWh to 34.88¢/kWh.[2]

Residential electricity rates in Panama


  • Residential Electricity in Panama
    • The average residential electricity rate in Panama is 11.87¢/kWh.[1]
    • This average (residential) electricity rate in Panama is 4.31% greater than the Illinois average rate of 11.38¢/kWh.[2]
    • The average (residential) electricity rate in Panama is 0.08% less than the national average rate of 11.88¢/kWh. Residential rates in the U.S. range from 8.37¢/kWh to 37.34¢/kWh.[2]

Industrial electricity rates in Panama


  • Industrial Electricity in Panama
    • The average industrial electricity rate in Panama is 3.28¢/kWh.[1]
    • This average (industrial) electricity rate in Panama is 43.45% less than the Illinois average rate of 5.8¢/kWh.[2]
    • The average (industrial) electricity rate in Panama is 50.82% less than the national average rate of 6.67¢/kWh. Industrial rates in the U.S. range from 4.13¢/kWh to 30.82¢/kWh.[2]

Illinois Electricity Rates & Consumption

Commercial electricity in Illinois


  • Commercial electricity rates in IL [3]
    • The average commercial electricity rate in Illinois is 7.99¢/kWh, which ranks 46th in the nation and is 20.81% less than the national average rate of 10.09¢/kWh.[3]
  • Commercial electricity consumption in IL [3]
    • Commercial electricity consumption in Illinois averages 7,175 kWh/month, which ranks 9th in the nation and is 15.02% greater than the national average of 6,238 kWh/month.
  • Commercial electricity bills in IL [3]
    • The average monthly commercial electricity bill in Illinois is $573, which ranks 21st in the nation and is 8.9% less than the national average of $629.
  • electricity Learn more about commercial electricity in Illinois

Residential electricity in Illinois


  • Residential electricity rates in Illinois [3]
    • The average residential electricity rate in Illinois is 11.38¢/kWh, which ranks 24th in the nation and is 4.21% less than the national average rate of 11.88¢/kWh.
  • Residential electricity consumption in IL [3]
    • Residential electricity consumption in Illinois averages 767 kWh/month, which ranks 35th in the nation and is
  • Residential electricity bills in IL [3]
    • The average monthly residential electricity bill in Illinois is $87, which ranks 44th in the nation and is 18.69% less than the national average of $107 per month.
  • electricity Learn more about residential electricity in Illinois

Industrial electricity in Illinois


  • Industrial electricity rates in Illinois [3]
    • The average industrial electricity rate in Illinois is 5.8¢/kWh, which ranks 39th in the nation and is 13.04% less than the national average rate of 6.67¢/kWh.
  • Industrial electricity consumption in IL [3]
    • Industrial electricity consumption in Illinois averages 624,482 kWh/month, which ranks 3rd in the nation and is 456.79% greater than the national average of 112,158 kWh/month.
  • Industrial electricity bills in IL [3]
    • The average monthly industrial electricity bill in Illinois is $36,206, which ranks 5th in the nation and is 383.84% greater than the national average of $7,483.
  • electricity Learn more about industrial electricity in Illinois

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Household Income in Panama, IL

Panama, IL Income Breakdown [4]


Income Summary for Panama, IL


    • Household income: The city of Panama has a median household income of $54,821, versus $62,843 for the U.S.[4]
    • Compared to the U.S.: Median household income in Panama is approximately 13 percent less than the median income for the entire United States.[4]
    • Poverty level: Approximately 13.6 percent of Panama households have incomes below poverty level.[4]
    • Electric bills: The average residential electricity bill in Illinois is about $87/month, ranking 44th in the U.S. and 18.69% less than the national average of $107.[5]

Income: Panama vs. Nation [4]


Additional information about Panama

About Panama

Panama is a village located in Montgomery County in the state of Illinois, and has a population of approximately 343.[6]

IL Electricity

More about Panama utilities

For more information about Panama electricity, or for additional resources regarding electricity & utilities in your state, visit the Energy Information Administration.

Did you know?

In the U.S., electricity plants use more than 900 million short tons of coal to produce electricity every year.

Additional Cities in IL

References

1. ^ National Renewable Energy Laboratory

2. ^ U.S. Department of Energy

3. ^ U.S. Energy Information Administration (2012)

4. ^ United States Census Bureau

5. ^ U.S. Energy Information Administration

6. ^ United States Census Bureau

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