AEP Ohio Electricity Rates

If you’re with AEP Ohio, there’s a good chance you’re paying more for electricity than you have to. 

But here’s the upside: because Ohio has a deregulated energy market, you’re free to shop around and pick your own electricity supplier. That means you don’t have to stick with AEP Ohio’s default rate, known as the Price to Compare (PTC). By taking a few minutes to explore your options, you could find a lower rate that cuts down your bills or helps you lock in something more predictable for the long term. 

In short - switching suppliers could help you save hundreds of dollars each year.

Why Stick with the Default Rate When You Can Save?

AEP Ohio’s Price to Compare is the default rate customers pay if they don’t shop around. While it’s a convenient option, it's not always the most affordable. This rate changes periodically, so while it may seem manageable now, it could rise without warning. The competitive market in Ohio often offers better rates, which means you’re potentially overpaying if you stick with AEP Ohio’s default.

For example, if AEP Ohio’s PTC is 10.20 cents per kWh and you find a supplier offering 7.80 cents per kWh, the savings can add up fast. Over time, these small savings make a big impact on your electricity bill.

How Energy Choice Works

AEP Ohio handles the delivery of electricity to your home and maintaining the infrastructure. Their job is to make sure power gets to your home and to response to outages and hardware issues. 

However, they don’t generate the electricity themselves. That’s where the deregulated market comes in—you can shop around for your supplier, while AEP Ohio continues to handle delivery, ensuring that your power stays on no matter which supplier you choose.

Steps to Save on Your AEP Ohio Bill

1. Find Your Current Rate

Before you start shopping, check your latest AEP Ohio bill. Look for the Price to Compare—this is the rate you're currently being charged for the electricity supply. Use this as your benchmark to find a better deal.

2. Compare Supplier Rates

Now that you know your current rate, it’s time to shop around for a better deal. Using a comparison tool like EnergyBot, you can find various suppliers offering electricity plans in AEP Ohio’s service area.

Key things to look for:

• Price per kWh: A lower rate than AEP Ohio’s PTC can lead to immediate savings.
• Fixed vs. Variable Rates: Fixed rates offer price stability over a contract term, while variable rates fluctuate based on market prices. Fixed rates are ideal if you want predictable billing.
• Contract Length: Some plans are month-to-month, while others lock you in for 12 to 36 months. Typically, the longer the contract, the better the rate you can get, but keep in mind you’re committed for the duration. So, think about your situation and whether you want flexibility or are okay sticking with a longer-term deal. It’s all about what works best for you.

3. Switch to a New Supplier

Once you’ve found a plan that works for you, switching is easy. The new supplier will handle the changeover, and you’ll continue to receive power from AEP Ohio without any interruption. The only difference? A lower bill.

Here’s an example of how switching could save you:

• Current AEP Ohio Price to Compare: 10.20 cents per kWh
• New Supplier Rate: 7.80 cents per kWh
• Monthly Usage: 1,200 kWh

Monthly Savings: ($0.1020 - $0.0780) x 1,200 = $28.80/month, or over $345/year!

4. Monitor Your Contract

Keep an eye on your contract. If you switch to a fixed-rate plan, make sure you know when it ends. Suppliers often switch you to a variable rate once the contract is up, which can mean higher bills. Stay ahead of the game by shopping for a new plan before your current one expires—that way, you keep getting the best rate possible.

What If You Stay with AEP Ohio’s Price to Compare?

If you don’t switch, you’ll continue paying AEP Ohio’s fluctuating PTC. While this might be convenient, you could be missing out on lower rates from other suppliers. The PTC is tied to market conditions, so it’s likely to increase at some point, meaning your bills could go up unexpectedly. By locking in a lower rate with a different supplier, you can protect yourself from rising prices.

Your Power Will Not Turn Off When You Switch Providers

One of the biggest concerns customers have about switching suppliers is whether their electricity service will change. The short answer is, No. You will not experience any service interruptions when your switch energy providers. 

Rest assured, AEP Ohio will still handle the delivery of your electricity, maintain the power lines, and respond to outages. The only thing that changes is who supplies the electricity—and how much you pay for it.

Why Now Is a Great Time to Shop

Any time third party providers have a cheaper rate than the Price to Compare, it’s a good time to save on your electric bill. Even a 5% decrease in your monthly bill can stack up over the course of a year. 

Ready to Save?

Don’t keep paying more than you need to. Take a few minutes today to compare rates and switch to a better electricity plan. Start comparing AEP Ohio electricity rates with EnergyBot to find the best deal and start saving immediately.

Whether you're looking to lower your monthly bill or lock in a rate that gives you peace of mind, switching suppliers is a smart move for any AEP Ohio customer.