Compare Ohio Electricity Rates
Here are the current Ohio electricity rates for each utility along with the retail energy provider rates Ohio residents can switch to. Start by locating your utility below and selecting the rate you would like to switch to.
Ohio Average Bill
The average electricity price in Ohio is 12.56¢ per kWh which ranks 22nd among states. Ohio also ranks in the middle of the pack in terms of rate, usage, and average bill. The average usage per resident is 23rd lowest in the country at 914 kWh per month. This leads to an average electricity bill of $114.80 per month which is on par with the national average.
Updated 3/13/2020 Source: U.S. Energy Information Association (EIA)
Ohio Energy Deregulation aka “Energy Choice”
Ohio began electric deregulation in 2001 after a 1999 law was enacted to restructure the electricity market in the state. Unlike in some deregulated states, the process purposely lasted for years to ensure that a stable market could develop.
Residential customers have only been able to participate in electric choice in the past few years. Dozens of retail electricity providers have started doing business in the state, each competing with one another to win the interest of potential customers which can be homeowners or business owners. It is this competition that creates low, competitive Ohio electricity rates, a greater selection of flexible plans, and more advanced products and services.
When you choose a retail electricity provider, the delivery and transmission portions of your bill are still carried out by your default utility. The supply portion is what you are able to shop around for, and will not affect the delivery and transmission rates that your utility charges. No matter who supplies your electricity, your utility will continue to send the bill and repair damaged wires and poles. The reliability of your electric service will not change.
Ohio Public Utilities
Ohio public utilities are regulated by the Public Utilities Commission of Ohio (PUCO), and include:
- Cleveland Electric Illuminating
- Columbus Southern Power (AEP Ohio)
- Dayton Power & Light
- Duke Energy
- Ohio Edison
- Ohio Power
- Toledo Edison
- Various Rural Electric Cooperatives
How to Shop Ohio Electricity Rates
In some service areas of Ohio, as little as 18% of customers have switched to a retail electricity provider. As more customers switch, competition among providers increases, and lower pricing and better products and services result.
If you haven’t taken advantage of deregulation, ElectricityRates.com can help you with the process of finding a new provider. Use our FREE Compare & Switch tool on the top of this page to view some of the best plans from reliable retail electricity providers in your area. Before making any switch, be sure to ask yourself when viewing the plans:
- Is the rate lower than what you’re currently paying?
- What you’re currently paying is referred to as the “Price-to-Compare” and can be found on your most recent utility bill in cents per kWh.
- Does the rate stay the same or vary with the market?
- Variable-rate plans have rates that can change daily or monthly without notice, while fixed rate plans lock in one low rate for the contract term.
- How long does the contract last?
- Contract terms vary by provider and can last for as little as 3 months or as long as 3 years. Choose what is comfortable for you.
- Does the company offer any other incentives to switch?
- Other incentives may include sign-up bonuses, guaranteed savings, rewards programs, and more.
- Where does the electricity come from?
- Electricity can be sourced from coal, natural gas, or renewable sources such as wind, solar, and hydro. Environmentally conscious? A wide variety of providers offer plans that offer all or a portion of electricity to come from renewable sources.
Switching Ohio Electricity Providers
Switching electricity providers in Ohio is easy. Once you’ve decided on the contract and provider that’s right for you, simply continue the sign up process by clicking on the electricity provider and plan. Then you will be all set after filling out your contact and electricity account information. Once you’ve switched, it will take one to two billing cycles to start seeing new rates on your electric bill.
When customers switch, the Ohio utility still delivers the electricity, sends electric bills, and maintains wires, poles, and other infrastructure. No matter who supplies the electricity, the reliability of service will not change.