Enter your zip code to compare Toledo electricity rates and electric companies.
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By Thad Warren
This section highlights the average Toledo electricity rates for residential and commercial customers.
Current rates from energy companies in Toledo
Provider |
Plan Name |
Term |
Rate |
|---|---|---|---|
|
New Wave Energy - 12 |
12 months |
7.10¢ |
|
Electric 12 Month Fixed Rate |
12 months |
7.18¢ |
|
ClearGuarantee12 |
12 months |
7.19¢ |
|
EnergyBot 12 |
12 months |
7.64¢ |
|
Safe Harbor Value 12 |
12 months |
7.69¢ |
Shopping for a business? Jump to commercial rates.
Provider |
Plan Name |
Term |
Rate |
|---|---|---|---|
|
|
ClearGuarantee9Plus |
9 months |
5.89¢ |
|
|
New Wave Energy - 3 |
3 months |
6.10¢ |
|
|
New Wave Energy - 6 |
6 months |
6.10¢ |
|
|
New Wave Energy - 1 |
1 month |
6.30¢ |
|
|
Safe Harbor Value 6 |
6 months |
6.69¢ |
In 1999, Ohio deregulated the state’s electricity market giving Toledo based businesses the power 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 lowest energy rates.
In most cases, Toledo businesses that take advantage of the competitive market can more effectively manage their monthly electricity costs by switching energy providers, plans and rates, as needed.
The Public Utilities Commission of Ohio, known as PUCO, is the public utility commission of the U.S. state of Ohio, charged with the regulation of utility service providers, including electricity, natural gas, and telecommunications. PUCO was created to assure Ohioans adequate, safe and reliable public utility services at a fair price.
In doing so, PUCO impacts every business in Toledo – as it regulates all providers of utility services, including electric and natural gas companies, local and long-distance telephone companies, water, and wastewater companies, rail and trucking companies. Recently, the PUCO gained responsibility for facilitating competitive utility choices for Ohio consumers.
As a Toledo business owner, it is important to understand that PUCO is also synonymous with the “Apples to Apples” energy comparison charts.
Utilities are the entities in charge of the operation and maintenance of the energy infrastructure, like wires and towers. The local utility in Toledo, Toledo Edison Company, is responsible for transporting electricity from the generators to residential homes and businesses in this specific region.
Energy providers in Ohio, like Direct Energy and Constellation are competitive energy retailers. Each energy provider buys energy from the wholesale market (the generators) and then re-sells it to consumers (homeowners, renters, and businesses).
In most cases, the consumer, the homeowner, renter, or business, signs a contract with an energy provider for a specific energy plan. The basic energy plan details the rate class, the energy rate per kWh, the contract term length (6, 12, 24, 36 months), and other contract terms like cancellation fee policy.
Energy choice, also known as energy market deregulation, allows Toledo business owners to select their energy suppliers. Ohio has been a deregulated market since January 1, 2001.
Energy spend can be a significant line item on your business's operating budget. In addition to investing in energy efficiency, you can save money on your energy bills by shopping business energy suppliers and finding the lowest rate possible.
Energy pricing varies greatly based on how much energy your business uses, market conditions, and numerous other factors. It can get complex quickly.
You can quickly search energy rates for your business here. Our system combines market data and your business energy usage to find you the lowest rate possible.
Finding a new electricity provider in Toledo is simple with EnergyBot. Follow these simple steps to
get the lowest electricity rate in Toledo.
Enter your zip code at the top of this page and you can quickly see plans from the top Toledo
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.
Toledo 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
|
|---|---|---|
|
|
3 months
|
6.43¢
|
|
|
6 months
|
7.02¢
|
|
|
1 month
|
7.14¢
|
|
|
6 months
|
7.57¢
|
|
6 months
|
7.83¢
|
Toledo is located in northwestern Ohio just south of the Michigan border with a population of 279,455 – as of 2017. The name ‘Toledo’ originated from the consolidation of two Indian tribes, Port Lawrence and Vistula. Toledo was incorporated in 1837, known at the time as the “Glass City” due to its innovation in the glass industry, including windows, bottles, windshields, and glass art.
Another prominent industry in Toledo is automobile parts. The well-known Jeep brand has been manufactured in the city since 1941. The Toledo metro area is also home to four Fortune 500 companies.
Manufacturing makes up about one-fifth of Toledo’s economic base with nearly 1,000 manufacturing facilities located in the metropolitan area. With 10 major financial institutions, Toledo is also a banking and finance center for the state of Ohio.
Medical and technology-based business are prominent to the local economy; Lucas County in Toledo ranks among 50 counties in the United States that account for 50% of the medical industry production. The University of Toledo contributes to the prominence of healthcare as the city’s largest employer.
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