Residential electricity prices in Panama, IL in August 2024 averaged approximately 15.77 cents per kilowatthour (¢/kWh), which was about 5% less than the national average rate of 16.63 ¢/kWh (August 2024). [1]
→ Electricity rates listed as zero are not currently available.
See how electricity costs in Panama differ from the average electricity costs for the U.S. overall. [1]
On a year-over-year basis - from July 2023 to July 2024 - residential electricity prices in Panama increased approximately 3%, from 14.81 ¢/kWh to 15.31 ¢/kWh. [1]
→ Electricity rates listed as zero are not currently available.
Residential natural gas prices in Panama in August 2024 averaged 20.69 dollars per thousand cubic feet ($/Mcf), which was approximately 12% less than the national average rate of 23.40 $/Mcf (August 2024). [2]
→ Natural gas prices listed as zero are not currently available.
See the chart below to see a comparison of Panama natural gas prices against U.S. average prices. Compare Panama natural gas costs to overall U.S. average costs. [2]
On a year-over-year basis, residential natural gas prices in Panama (Illinois) decreased approximately 8%, from 22.57 $/Mcf (July 2023) to 20.72 $/Mcf (July 2024). [2]
→ Natural gas prices listed as zero are not currently available.
The village of Panama (Illinois) has an average annual solar radiation value of 5.08 kilowatt hours per square meter per day (kWh/m2/day). Compare Panama values to both low and high values in the U.S. overall: [3]
→ Solar radiation values listed as zero are not currently available.
See the chart below for a comparison of Panama solar radiation levels against other areas in the U.S. Compare Panama levels against both 1) low average solar radition levels (WA) and also 2) high average solar radiation levels (NV). [3]
→ k/m/d: kilowatt hours per square meter per day.
→ Solar radiation values listed as zero are not currently available.
Households in the United States have benefited from falling energy prices in recent years, which has driven down the cost of living.
Read More
Penn State researchers recently examined microgrids and discovered that they may not always be a wise economic move for communities.
Read More
Through the analysis of publicly available data filed by electricity suppliers, the CT OCC discovered that electricity customers overpaid by $58 million in 2015.
Read More
The village of Panama, IL in Montgomery County has an approximate population of 343. [4]
To learn more about utility rates & usage in Panama, IL, or for other information related to utilities in Panama, visit the U.S. Energy Information Administration.
Electricity travels at the speed of light, which is more than 186,000 miles per second.
Find the best fixed rate electricity plan for your home or business.
No plans with hidden fees, variable rates or other tricks.
