Ohio Edison Electricity Rates

If you're an Ohio Edison customer, you're in a great position to lower your electricity bill by shopping for the best rates. Ohio’s deregulated energy market gives you the power to choose your electricity supplier, opening the door to competitive rates, tailored plans, and potential savings.

Ohio’s Deregulated Electricity Market

Deregulated energy is just a fancy way to say that consumers have the ability to shop energy providers and enroll with provider that’s best for them. Not to be confused with the utility, Ohio Edison. 

Utility (Ohio Edison) Is Responsible for Electric Delivery

Ohio Edison remains responsible for delivering electricity to your home or business. While Ohio Edison ensures reliable service through its power lines and infrastructure, you can choose from a variety of suppliers to provide the electricity itself. This allows for competitive pricing and a range of plan options.

Providers Offer Electricity Rates to the General Public

Energy providers offer an alternative to consumers who want to save money by enrolling in a rate that is lower than the utility’s default rate. These providers by energy on the wholesale market and offer competitive pricing to customers. 

Their rates will vary depending on market conditions so make sure you compare their rate to the price to compare to maximize savings. 

Ohio Edison’s Role: Standard Service Offer (SSO)

Ohio Edison, a subsidiary of FirstEnergy Corp., serves more than 1 million customers in Ohio. As a utility, Ohio Edison is responsible for maintaining the infrastructure that delivers electricity, as well as billing and customer service. If you don’t select an alternative supplier, you’ll automatically be placed on Ohio Edison’s Standard Service Offer (SSO), which is the default rate for electricity generation. The SSO is sometimes referred to as the price to compare. 

The SSO is as a benchmark that helps you compare offers from other suppliers. By finding a plan with a lower rate, you can save on your monthly electricity bill.

Why Shop for Alternative Electricity Rates?

Shopping for alternative electricity suppliers in Ohio can lead to potential savings, flexible contracts, and renewable energy options. Ohio’s Electric Generation Suppliers (EGSs) compete to offer a variety of plans, allowing you to pick one that suits your usage patterns and budget. With more control over your electricity choices, you can find a plan with:

• Lower Rates: Compare the per-kilowatt-hour (kWh) prices offered by various EGSs to Ohio Edison’s SSO.
• Fixed or Variable Rates: Some plans allow you to lock in a fixed rate for a specific term, while others offer variable rates that change based on market conditions.
• Green Energy Options: Many suppliers now offer renewable energy plans that include wind or solar power, letting you reduce your environmental impact.
• Special Offers and Incentives: Some suppliers offer sign-up bonuses, discounts, or other perks, but be sure to watch out for hidden fees or contract stipulations.

How to Compare Ohio Edison Electricity Rates

To make the most of Ohio’s deregulated market, you need to shop around. The Public Utilities Commission of Ohio (PUCO) provides an easy-to-use online tool where you can compare electricity rates, contract lengths, and features from a variety of licensed suppliers. This allows you to evaluate offers and choose the plan that best meets your needs.

When comparing, keep these factors in mind:

• Price per kWh: This is the most important number when comparing rates. Ensure you’re looking at all associated costs, including any fees.
• Contract Length: Some plans have short-term agreements, while others might lock you in for years.
• Early Termination Fees: Be aware of potential fees if you decide to switch suppliers before the contract ends.

Potential Savings on Your Ohio Edison Electric Bill

Switching from Ohio Edison’s Standard Service Offer to a competitive plan from another supplier can lead to significant savings on your electric bill. Your savings will depend on current market conditions, your electricity usage, and the plan you choose. Revie your past energy bills and consider your typical usage when shopping for a plan to maximize savings.

Start Saving Today

Take control of your electricity costs by exploring your options today. By comparing Ohio Edison electricity rates with offers from other suppliers, you could find a plan that reduces your monthly energy expenses while providing the flexibility and features that suit your household or business. Visit the Public Utilities Commission of Ohio’s website to start comparing rates and take advantage of Ohio’s deregulated energy market.

Don’t wait—begin shopping for lower Ohio Edison electricity rates and start saving on your energy bills now!