Ohio Electric Rates
Because of the energy deregulation, residential and commercial customers are now able to shop for an alternative energy provider who has better rates and plans than their local utility. These retail energy providers that are certified purchase energy from a power generator that uses natural coal, gas, or other fuels to produce electricity for home or business use. Customers can compare the most competitive energy prices to meet their particular requirements by using the tool below, which displays the most popular options available to Ohioans.
Ohio has over 80 ohio energy Suppliers who offer a variety of electricity rate plans and other benefits. They offer a variety of pricing options, including contracts lasting 12 months or 36 months. A majority of these companies offer the option of bundling electricity with gas or other renewable energy plans. Some offer fixed-rate plans to help secure a price for the duration of their agreement with you.
It is crucial to be aware of the way your monthly bill is calculated regardless of the plan you select. Every month your bill consists of two separate components – delivery services from your local utility, and the cost of electricity provided to you by the Energy Supplier. Your local utility provides your energy, maintains local wires and poles and handles power outages. These charges are charged and controlled by the Public Utilities Commission of Ohio.
As an example for an un-shopping FirstEnergy customer in the Cleveland metro area will pay around $12.4 per kilowatt hour for electricity in June. If they shop on the open market, this same customer can save nearly 47 percent and pay as little as 6.3 cents per kilowatt-hour with Arbor Energy managing their energy and supplier.
Apples to Apples is a excellent tool to use in the event that you are considering switching to a different energy provider. This site lets you to enter your utility’s address to compare energy prices between certified electricity suppliers. The results will show the Price to Compare PTC, or PTC, charge, as well as the price per kilowatt hour for each energy provider.
Once you have found the rates that best suit your requirements the next step is to complete the online process to switch. When the process is complete the new energy provider will take over the supply and generation portion of your bill. Meanwhile, your local utility continues to supply the energy through their networks. In some cases there may be an additional meter fee or change-of service charge from your local utility. These charges are a reflection of the costs associated with maintaining and upgrading the local infrastructure. This includes the costs associated with delivering electricity through local wires and poles.