Ohio is one of the states that allows its residents and businesses to choose their energy supplier. This deregulation opened the market up to energy suppliers who compete for your business, driving down rates and offering perks like long contract terms, rebates and green energy options. The best way to find the best ohio electricity supplier for your home or business is to compare offers from different companies on the Public Utilities Commission of ohio apples to apples website. This site makes it easy to sort and compare energy plans by rate type, plan length, energy source and more.
Energy rates can vary based on the time of year, as temperatures dictate whether energy is in high or low demand. As a result, it’s important to research prices throughout the year so you can catch the cheapest ohio electricity rates at different times.
Choosing the best ohio electric rates starts by determining your monthly electricity usage and the current energy rate you’re paying. Then, you can use a free online savings calculator or an Ohio energy comparison website to help you find the best plan for your needs.
The most common energy plan available in the state of Ohio is a fixed-rate plan. These offer a price protection/fix for the length of your contract term, which helps shield you from energy rate fluctuations. This kind of plan will most likely cost you more than a variable-rate plan, but the price stability can be worth it for some people.
Many Ohio energy companies offer a variety of energy plans, from renewable to traditional. Some even offer a blend of energy sources, giving you the chance to minimize your environmental footprint while still enjoying affordable electricity. Some Ohio energy providers also have a variety of rewards programs that can help you save even more on your electricity costs.
Nonrenewable resources such as coal, natural gas and nuclear power produce most of the electricity in the state of Ohio. Renewable energy such as hydropower, wind, solar and biomass are also used, but on a much smaller scale.
Compared to other states, Ohio’s energy market is relatively young. The state was one of the first to implement energy deregulation in 1997, when it separated natural gas delivery charges from the actual cost of the gas. In 1999, the PUCO unbundled electric delivery charges from the cost of electricity itself, allowing customers to shop for the best ohio electricity rates and contracts for their homes and businesses. Before that, eight investor-owned utilities controlled the majority of the state’s energy supply.