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Ohio Electricity Rates

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Ohio energy rates

Ohio is one of the few states in the country that allows its residents the opportunity of choosing their providers of electricity and natural gas. Due to this deregulation of the energy industry, Ohio electricity rates have become more competitive. The SaveOnEnergy marketplace can help you search for plans at no cost.

How to find the best electricity rates in Ohio

Ohio electricity rates can change throughout the year. Factors like the demand for energy, wholesale energy prices, and even the season can affect how much energy rates are in the area. You can check out what prices are doing at any time through SaveOnEnergy’s unaffiliated marketplace by:

  • Searching for the best electricity rates in Ohio: You simply need to enter the ZIP code or call the number on your screen to get started. You’ll find a variety of plans from different providers so you can compare electric rates in Ohio side by side. Filters can help you narrow the results down so you can find the best plan for your home or business needs.
  • Signing up only takes minutes: When you’ve found a plan that works for you, you can sign up online. To go over the plan’s details or get questions answered, you can call the number on your screen to access our energy experts. Sign up couldn’t be easier and only takes a few minutes.
  • Enjoy your new energy plan: Once you sign up for your new plan, the energy provider handles the transfer of the actual service. You just need to enjoy your new energy savings.  

Electricity rates in my area

Remember, different parts of Ohio could have different rates, even if they have the same plan available. Local utility fees may differ because of factors like utility transmission charges. So it’s important to search in your specific area to find accurate electricity rates near you. Simply enter your ZIP code above, and then you can review a list of the local providers, their rates, and the types of plans that are available in your area.

Moving to Ohio?

If you’re moving to Ohio, the SaveOnEnergy marketplace can be an easy way to explore and learn about Ohio electricity rates. To start, enter your new Ohio ZIP code above. Then, you can shop around for electricity rates and plans from local providers for your new home

SaveOnEnergy’s tips for easy electricity service setup

  • Don’t forget to read your plan’s Electricity Facts Label before signing up. It contains important information including:
    • Price per kilowatt-hour based on usage
    • % renewable energy sourcing
    • Early termination fees
  • Enjoy hassle-free supplier setup. Once your order has been confirmed, your new supplier will set up service with your utility, or transmission and distribution service provider (TDSP) – but don’t worry, there shouldn’t be any interruption to your power during the switch.
  • Understanding your electricity bill. Your local TDSP will still deliver your electricity and maintain electric infrastructure including meters and power lines. Your utility fees can be found as TDU or TDSP charges on your monthly bill. They are independent of your supplier rate.

Types of electric plans in Ohio

There are a number of different energy plans offered in Ohio, each of which comes with its own list of pros and cons. If you need any assistance finding the best plan for your situation, call the number on the screen to talk with an energy expert.  

Fixed-rate plans in Ohio

With fixed-rate plans, you lock in your rate throughout the duration of the contract, usually for 12 months or more. The benefit with these plans is that your rates don’t change, even if the energy prices fluctuate, as long as the contract runs. For cons, you might see slight fluctuations as other fees change like taxes, and you often have to pay an early termination fee (ETF) if you decide to leave the contract. 

Variable-rate plans in Ohio

Your month’s rate in a variable rate plan follows what wholesale energy prices are doing. So if wholesale prices are high you pay more, but people like these plans because you could save if the wholesale rates go down. Contracts tend to be flexible in their terms, and you can often leave them at any time.     

No-deposit and prepaid energy plans in Ohio

You might have to pay a deposit before an energy plan starts, which is often determined by your credit score. No-deposit plans help you avoid credit checks and upfront deposits. A common type of no-deposit plan is the prepaid plan, where you put money into an account and that account draws down each month to pay for your energy bills. You get a notice when the account is running low. You can search for these plan types on the SaveOnEnergy marketplace by entering your ZIP code. 

Green energy plans in Ohio

Green energy is growing in popularity in Ohio. Between 2019 and 2020, the state saw a 22% increase in solar power generation. To be part of the green movement and find renewable energy in your state, you can enter your ZIP code above and then filter for renewable energy plans.    

Business energy plans in Ohio

Ohio businesses can also switch between providers thanks to energy deregulation. Save on Energy can help you receive a customized energy solution today. To find more about business plans, go to our business energy page or call the number on your screen to talk to our business energy experts. 

Cheap energy prices in Ohio

Ohio electricity rates can change based on seasonality because different temperatures can lead to greater or less demand for energy. If you search for prices when there is less demand, such as spring or fall, you might be able to find better rates.  

If you’re looking for affordable electricity rates, be sure to check back often to get an idea of what rates are doing in your area at different times of the year. That way, you can snag the best plans that give you cheap electricity in Ohio.

Energy providers and utility companies in Ohio

There are nine utility companies in Ohio. These utilities are the companies that maintain the power grid, restore electrical outages, and deliver the electricity to your home. Among these are AEP Ohio, Duke Energy Ohio, Ohio Edison, and Toledo Edison.

You can purchase your electricity from around 350 Ohio electric suppliers. Among these Ohio electricity providers are Constellation, Direct Energy, and Public Power. You choose from one of these companies to supply your electricity to your utility, which then delivers it to your home.

Contact your Ohio utility company

Are you having a power outage or other electrical problem? You would contact your utility in this event using the information in the links below:

Not sure what kind of energy plan will work for your home?

If you’re not sure what kind of plan is best for your home, energy usage, and budget, you can review our guides on different types of plans or energy tips. We can help with no-deposit plans, solar energy, or energy-saving tips, just for starters; what type of plan works best can depend on how much energy you use each month, since rates are often based on monthly energy use. Check out the SaveOnEnergy usage calculator to see how much energy you’re using each month, which can help inform your decision on the best plan for your needs.  

Ohio energy FAQs

Is the natural gas market deregulated in Ohio? Expand / Collapse Toggle

Yes, natural gas is deregulated in Ohio. You can learn more about natural gas deregulation in our guide.

What is the best provider in Ohio? Expand / Collapse Toggle

That will depend on what you are looking for in a plan and what plans are available near you. For instance, searching the 44256 ZIP code showed fixed plans from Public Power and Constellation. Ohio electricity rates ran from 6.69 cents per kWh to 7.99 per kWh in this ZIP code. One Constellation plan was even green, drawing 100% green energy. If green energy was a priority and you lived in that ZIP code, Constellation would be the best provider for you.        

How can I lower my utility bill in Ohio? Expand / Collapse Toggle

You can lower your energy bill in a few ways. Odds are, you’ve heard of the advice like turning your thermostat as low as you tolerate, buying Energy Star appliances, and sealing the air leaks in your home. However, you can also save by checking the SaveOnEnergy marketplace often to familiarize yourself with what rates are doing currently and throughout the year. That can make picking a plan easier.   

Who has the cheapest electricity rates in Ohio? Expand / Collapse Toggle

Rates can change based on your ZIP code. For instance, under the ZIP code 43081, the current lowest rate is 6.89 cents per kWh through a 12-month fixed plan offered by Public Power. Meanwhile, for the ZIP code 44256, Constellation had the lowest rate at 6.69 cents per kWh through a 36-month fixed-rate plan. It’s important to check by your ZIP code, though for a quick reference, you can also check the rate table above.   

What is the best energy plan in Ohio? Expand / Collapse Toggle

The best energy plan can depend on your energy usage, your billing preferences, and even your credit score. For instance, if you don’t want to make a deposit before service begins, you might want to opt for a no-deposit plan. If you like to know how much you’re paying each month and don’t mind paying a little more when energy rates are low, go for a fixed plan. If you don’t mind rate fluctuations as long as you save when rates are at their lowest, go for a variable rate plan. Also, check into green plans in your area if you want to go green.

New to energy deregulation? Need help finding a plan?

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