Enter your zip code to compare Cleveland electricity rates and electric companies.
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By Thad Warren
This section highlights the average Cleveland electricity rates for residential and commercial customers.
Current rates from energy companies in Cleveland
Provider |
Plan Name |
Term |
Rate |
|---|---|---|---|
|
New Wave Energy - 12 |
12 months |
7.70¢ |
|
ClearGuarantee12 |
12 months |
7.89¢ |
|
12 Month Home Power Plan |
12 months |
9.00¢ |
|
Smart Energy - 12 |
12 months |
9.18¢ |
|
EnergyBot 12 |
12 months |
9.37¢ |
Shopping for a business? Jump to commercial rates.
Provider |
Plan Name |
Term |
Rate |
|---|---|---|---|
|
|
New Wave Energy - 3 |
3 months |
5.80¢ |
|
|
New Wave Energy - 1 |
1 month |
6.00¢ |
|
|
ClearGuarantee9Plus |
9 months |
6.19¢ |
|
|
New Wave Energy - 6 |
6 months |
6.90¢ |
|
|
New Wave Energy - 12 |
12 months |
7.70¢ |
In 1999, Ohio deregulated the state’s electricity market giving Ohio based businesses energy choice – also known as the ability to choose their electricity provider. The deregulated market forced energy suppliers to be more efficient and to compete for customers – offering an opportunity for businesses of all sizes to compare energy plans from top energy suppliers and shop for the best available rates.
In most cases, Ohio businesses that take advantage of the competitive market can more effectively manage their monthly electricity costs by switching energy providers, plans and rates, at the end of their respective contracts.
In most cases, businesses will be able to effectively manage and/or reduce their monthly electricity costs by switching energy plans and providers every year.
If you are a business in the deregulated energy market of Cleveland you have energy choice, otherwise known as the ability to choose your electricity supplier and your energy rate. Deregulation ushered in competition as energy suppliers were forced compete for customers. To remain competitive, they had to become more efficient to offer business energy plans with more competitive energy rates.
Even though you have energy choice, it can still be a daunting task. Each zip code in Cleveland may offer a commercial customer a choice of hundreds of different energy plans from over 25 different energy suppliers. And although the intended result of deregulation was to lower prices for small businesses, medium businesses and larger enterprise level businesses, it’s not that simple. In many cases, comparing energy plan is still confusing due to the sheer number of plans available, promotional rates that are not apples-to-apples, and the legal fine print that details fees and penalties.
Commercial energy customers can maintain control over the process by reviewing their monthly usage and average monthly electricity bill. A good rule of thumb is to track the monthly energy usage and the total monthly bill.
If your average business electricity bill is under $500 per month, then you can get a very good energy rate for your business through a simple online comparison of energy rates. You can compare rates and sign up for a plan online at EnergyBot.
If your average commercial electricity bill is over $500 per month, then you will most likely get a more competitive energy rate through the custom energy quote process. The custom process is exactly that – by providing basic business information, energy usage and submitting a recent electricity bill – EnergyBot can leverage partnerships with suppliers to work on your behalf and secure the best energy rate for your business. Although it will take more time to complete, the custom quote process may deliver a lower energy rate that will add up to big savings for your business. Get a custom quote at EnergyBot.
Finding a new electricity provider in Cleveland is simple with EnergyBot. Follow these simple steps to
get the lowest electricity rate in Cleveland.
Enter your zip code at the top of this page and you can quickly see plans from the top Cleveland
electric
companies. For even better pricing use our data linking tool to pull in your historic usage from your
utility.
Energy plans often have long confusing contracts. We don't like teaser rates and tricky terms, so we
filter out the plans that trick customers into bill spikes. Each plan you see on our site has plan
details.
This breaks down the most important information about the plan into a way that is easy to understand.
Once you have decided on a new energy plan for your home business just follow the prompts to confirm. Once you're done, we give you dashboard to see the status of your contract.
Cleveland energy providers offer rates and plans with a range of options and terms. While you will see
many types of plans for the most part they are in two categories: fixed-rate and variable rate.
Fixed-rate plans will have a set price for the term of the contract. Regardless of weather, natural events, or market volatility, your rate will not change. In most cases, fixed-rate plans have a term length of 6, 12, 24, or 36 months. We recommend fixed-rate plans for most customers.
Variable-rate plan rates may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but present more volatility in pricing. Price changes may impact your monthly electricity bill in the form of price hikes. In most cases, we do not recommend variable-rate plans.
|
Provider
|
Term
|
Rate
|
|---|---|---|
|
|
1 month
|
6.30¢
|
|
|
3 months
|
6.45¢
|
|
|
6 months
|
7.82¢
|
|
12 months
|
7.96¢
|
|
|
6 months
|
8.19¢
|
In addition to investing in energy efficient devices, appliances, and tools for your you can also reduce your carbon footprint by switching to a renewable energy plan.
Through our trusted partnerships with leading national energy suppliers, you can compare green energy plans and switch to a renewable energy plan.
Cleveland is a major city in the state of Ohio, with a growing population of 388,072, making it the 2nd largest city in Ohio and the 51st largest city in the U.S. The overall Greater Cleveland area has a population of 2.1 million, which ranks it as the 32nd largest metropolitan area in the U.S. With its location near the Great Lakes, Cleveland serves as a geographical collecting point, from the Midwest into the Northeast. It’s location also cements the city’s position as a major manufacturing and commercial center. Yet, Cleveland's economy is driven by a number of distinct industries including financial services, biomedical, and healthcare – with health and medical fields being the region’s largest employers. Although eight Fortune 500 companies call Cleveland headquarters, Cleveland may be best known for its beloved Browns, the famous Cleveland Clinic and the home of the Rock and Roll Hall of Fame.
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