SCHAUMBURG, IL – Illinoisans across the state are paying more for electricity over the last month due to increased demand and limited supply, and the surge in pricing has left manufacturers concerned about what it means for their businesses’ budgets, according to a survey conducted recently by the Technology & Manufacturing Association (TMA) of its members.
More than half of TMA’s responding members, 55%, said they were concerned about the increased energy prices, with 22% being “very concerned” as the higher energy costs have already resulted in budget cuts. 33% said they are “somewhat concerned.”
“The rising electricity costs are a significant concern for our manufacturing members, with over half expressing worry about the impact it will have on their operations and their employees,” said TMA Executive Vice President Dennis LaComb. “This issue extends beyond the factory floor, as employees are also grappling with higher energy bills at home, exacerbating the cost-of-living problem. TMA is advocating for bi-partisan solutions that will make energy in Illinois more reliable and affordable. Indeed, in May 2025, 82% of TMA manufacturers said they supported an energy plan that included nuclear and coal energy sources.”
TMA will be addressing increased energy prices as part of the Manufacturing Task Force the Illinois Senate authorized last session. The 100-year-old organization will continue working with the bi-partisan SaMM (Small and Midsize Manufacturers) Caucus to push forward legislation that provides real solutions for Illinois businesses and working families.
30% of responding TMA members said they were unconcerned about the electricity prices and 15% were unsure about the effect of higher energy costs.
About TMA: Founded in 1925, TMA is an independent trade association exclusively funded by industry and solely focused on small and midsize manufacturers. TMA has nearly 900 members representing approximately 39,000 manufacturing employees and more than 27 million square feet of manufacturing plant.
