Ohio Electric Rates – How To Compare Electricity Rates In Ohio
Ohioans have the power to choose their electricity supplier and rates. This choice allows consumers from homeowners to large manufacturers control their energy costs and save money. As a result of deregulation, Ohioans have saved billions in the past decade alone. But there’s still room to grow.
The Ohio Public Utilities Commission (PUCO) has an easy-to-use tool to help you compare offers from retail electric suppliers and make the best decision for your Ohio home or business. Using the Apples to Apples comparison tool, you’ll see what each supplier is charging per kilowatt-hour and the contract terms. You’ll also find out about any additional fees, like early termination fees.
To access the ohio apples to apples tool, you’ll need your meter number, which can be found on your current utility bill. You’ll also want to know your past usage over the most recent billing period. You can use this information to estimate your average monthly usage. Then you can enter your zip code to check the rates offered by local electricity suppliers and pick a plan that meets your needs.
The price of electricity in Ohio has risen nearly 20% in the last year. That’s higher than the national average. But don’t panic; you can still save by switching your electricity provider. You can choose a fixed rate or a variable rate with a variety of different benefits. You can even choose a plan that includes renewable energy, or one with zero carbon emissions. You’ll also be able to shop by energy efficiency, term length and more.
There are over 80 retail electricity suppliers in Ohio, which purchase energy from local power generation companies and sell it to customers. These electricity suppliers compete with each other on the wholesale market to offer Ohio residents competitive prices. Some retailers may offer extras with their plans, such as free Wi-Fi or other benefits. However, it’s important to remember that the terms of your energy plan can change over time. So, it’s always a good idea to read your contract summary and terms of service carefully before signing up for a new electricity plan.
Your local electric utility provides transmission services, manages power lines and handles power outages. It also bills you for delivery charges, which are calculated based on your usage and a customer charge. You can learn more about delivery charges on PUCO’s website.
If you’re interested in learning more about options for reducing your Ohio electricity rates, you should check out your local energy choice program. Local communities can opt-in to governmental aggregation, which allows a city, township or county to act on behalf of its citizens and negotiate an energy supply contract on their behalf. The city, township or county can also allow its citizens to “opt-out” of aggregation and buy their own energy from an approved retail energy supplier. In either case, the city, township or county must notify its citizens about the option. PUCO oversees all governmental aggregation in Ohio. ohio apples to apples
