When it comes to managing your monthly expenses, electricity is one of the most important and often overlooked costs.Whether you’re a homeowner or a business owner, understanding Ohio Electric Rates & Prices can make a big difference in your budget. With deregulation in Ohio, customers now have the power to choose their electricity supplier creating opportunities to save on both residential and commercial electric rate plans.
In this blog, we’ll break down what affects electricity prices, how to compare rates, and tips for choosing the best energy plan for your needs.
Understanding Ohio Electric Utility Market
Ohio’s electric utility landscape comprises a mix of investor-owned utilities (IOUs), municipal utilities, electric cooperatives, and certified retail electricity suppliers (CRES). Here’s an overview:
Major Investor-Owned Utilities (IOUs)
These companies manage the transmission and distribution of electricity in specific regions of Ohio:
- American Electric Power (AEP Ohio): Serves central and southern Ohio, including Columbus. 
- AES Ohio: Formerly Dayton Power & Light, it serves over 527,000 customers in west-central Ohio.
- Duke Energy Ohio: Covers the southwest region, including Cincinnati.
- FirstEnergy Companies: Includes Ohio Edison (northeast and north-central Ohio), Toledo Edison (northwest Ohio), and The Illuminating Company (Cleveland area). 
Municipal Utilities & Electric Cooperatives
Ohio also has:
- 28 Municipally-Owned Utilities: Such as Cleveland Public Power, which provides electricity within Cleveland.
- 24 Electric Cooperatives: Member-owned entities serving rural and suburban communities across the state. 
Ohio’s Energy Choice Program
Ohio’s deregulated electricity market allows consumers to choose their electricity supplier. While local utilities handle delivery and maintenance, customers can select a Certified Retail Electricity Supplier (CRES) for generation services. The Public Utilities Commission of Ohio (PUCO) offers the Apples to Apples comparison tool to help consumers evaluate current offers.
What Are Ohio Electric Rates & Prices
Ohio Electric Rates & Prices refer to the costs per kilowatt hour(kWh) that residents and businesses pay for electricity. This price can vary based on factors such as energy supplier, location, usage and market conditions. Thanks to energy deregulation in Ohio, customers are not locked into a single utility provider. Instead, they can shop around for better pricing and services from competitive suppliers.
This competitive market allows for more flexible options, including fixed-rate, variable-rate, and green energy plans.
Why Compare Ohio Electric Rates & Prices?
You wouldn’t buy the first phone you see without checking its features and price, so why do that with your electricity plan? Comparing Ohio Electric Rates & Prices ensure that you are not overpaying for a basic necessity. Many consumers don;t realise that they could be saving hundreds of dollars per year just by switching to a better plan.
For businesses, comparing the commercial electric rate is even more important. With higher usage volumes, even a small difference in rate can lead to significant savings.
Factors That Affect Ohio Electric Rates & Prices
Several elements influence the rate you’ll pay:
- Supplier – Competitive suppliers may offer lower prices than default utility providers.
- Plan Type – Fixed-rate plans offer price stability, while variable-rate plans can fluctuate with market prices.
- Usage – High usage customers may qualify for lower rates or special plans.
- Contract Length – Longer contracts may lock in lower rates, but shorter terms offer more flexibility.
- Green Energy Options – Renewable energy plan may come with a premium but offer environmental benefits.
How To Compare Electric Rates In Ohio
- Know Your Usage – Check your past electric bills to understand your average monthly consumption in kWh.
- Get Multiple Quotes – Use comparison tools to view offers from multiple suppliers in your area.
- Understand Plans Terms – Look beyond the rate. Check for early termination fees, monthly service charges, and contract lengths.
- Check Supplier Reputation – Choose a supplier with good customer service and clear billing practices.
- Lock In A Fixed-Rate – In times of market volatility, locking in a fixed rate can help avoid sudden price hikes.
Comparison Junction makes it easy to sort through available offers, showing you the most competitive Ohio Electric Rates & Prices in just a few clicks.
Electricity Prices To Compare In Ohio
Ohio’s deregulated energy market offers consumers the opportunity to choose their electricity supplier, potentially saving money. Understanding the “Price To Compare” and current market trends is essential for making informed decisions.
Current Prices To Compare Rates
As of May 2025, the PTC rates for major Ohio Utilities are as follows:
- AEP Ohio: 7.32¢/kWh (valid through May 31, 2025)
- AES Ohio: 8.58¢/kWh (valid through May 31, 2025)
- Duke Energy Ohio: 8.18¢/kWh (valid through February 28, 2025)
- Ohio Edison: 7.99¢/kWh (valid through March 31, 2025)
- The Illuminating Company: 7.99¢/kWh (valid through March 31, 2025)
- Toledo Edison: 8.04¢/kWh (valid through March 31, 2025)
These rates serve as a benchmark for comparing offers from competitive suppliers. Starting in June 2025, capacity charges in Ohio are set to increase by 10-15%, resulting in an additional 2¢ per kWh on electricity bills. This increase is due to a significant rise in capacity prices following the PJM Interconnection’s auction.
Residential vs Commercial Electric Rate: What’s The Difference
While residential and commercial customers both pay for electricity, their rate structures are different. The commercial electric rate is typically lower per kWh due to higher volume usage, but it can also be more complex. Commercial plans may include demand charges, time of use pricing, and tiered rates.
Small businesses can often benefit from simplified commercial plans, while larger operations may require customized solutions. Comparison Junction helps you understand these differences and connect you with suppliers offering commercial plans tailored to your business size and needs.
Green Energy And Ohio Electricity
Many Ohio residents and businesses are now choosing to go green by selecting renewable electricity plans. These plans offer power from wind, solar or hydro sources and while they may cost slightly more, they can help reduce your carbon footprint.
Comparison Junction allows you to filter for green energy options when comparing Ohio Electric Rates & Prices, helping you make a choice that aligns with your environmental value.
Tips For Getting The Best Ohio Electric Rate
- Set reminders for contract renewals so you’re not stuck with default pricing.
- Bundle services if your supplier offers gas and electricity together.
- Use energy saving appliances to reduce overall usage, especially on variable rate plans.
- Take advantage of seasonal promotions suppliers often offer lower rates during off-peak months.
Why Use Comparison Junction?
Comparison Junction is your go-to platform for finding and comparing the most competitive Ohio Electric Rates & Prices. Whether you’re looking for residential or commercial electric rate options, we make it easy to:
- Compare dozens of suppliers
- View rates side-by-side comparison
- Read real customer reviews
- Filter by plan type, contract length and green energy options.
Make an informed decision today and start saving on your electricity bill.
In Ohio’s deregulated energy market, you don’t have to settle for high electric bills. By comparing Ohio Electric Rates & Prices with tools like Comparison Junction, you can find the best plan for your home or business. Don;t let energy costs eat into your budget, take control, compare, and switch to a smarter electricity plan today.
