Compare Electric Prices in Ohio

Before we dive into comparing suppliers, let's first understand Ohio's electric market. Prior to 1999, Ohio residents could only purchase electricity from their local utility company.

However, with the passing of Senate Bill 3 (SB3) in July 1999, Ohio's energy market was deregulated. This Ohio electric choice law took effect on January 1st, 2001. It gave customers the option to choose from Certified Retail Electric Suppliers (CRES).

What does that mean for Ohio residents? In essence, when you purchase electricity in Ohio, you can do so through a partnership with two different entities.

The first is your electricity supplier, who you pay directly for the power that goes to your home. The second is the electricity distributor (or utility company). Your distributor will be assigned based on your physical address and will not change even if you change suppliers. That company will continue to service your home or business, regardless of the supplier you choose.

The ability to choose a supplier benefits Ohio consumers for a number of reasons. Foremost, You can anticipate fixed-rate plans and competitive pricing, often making energy more affordable. Additionally, it opens the doors to try renewable energy and improved service options. Best of all, there’s more transparency and control, so you know exactly what you’re paying for each month.

Energypricing.com is one Ohio utilities comparison tool that help ensure you’re making the most informed decision.

How does the average electricity rate in Ohio stack up against the national average in the US? The most reliable source for this data is the Energy Information Administration (EIA). According to their latest report, below are the average Ohio electricity rates for residential and commercial customers.

• The average Ohio residential electricity rate is 15.74 ¢/kWh (3% lower than the national average).
• The average Ohio commercial electricity rate is 11.14 ¢/kW (12% lower than the national average).

Finding the best electricity rates in Ohio doesn't have to be overwhelming. With EnergyPricing.com's easy-to-use interface, comparing rates is a breeze!

Compare Ohio Electric Rates in just 3 Easy Steps:

When shopping for energy suppliers in Ohio, it's essential to consider the following factors:

1. Price: Be sure to compare different rates and plans from each provider to find the best options for your needs and budget.
2. Read Customer Reviews: Many customers will post reviews of their experience with each provider. This can be a great way to get an idea of the customer service and reliability of each company.
3. Company Size: Consider the number of customers a company has. It can indicate their size and stability. A larger customer base means more resources to meet customer demands.
4. Company History: Researching a company's history can help you gauge its reliability. A company with a long history of reliable service is a positive sign of its longevity.
5. Read the Contract: Read the entire agreement carefully before committing yourself to any provider. Look for hidden fees or penalties, cancellation clauses, and contract length.

Finding the best electric suppliers in Ohio can be challenging, but don't worry! The U.S. Energy Information Administration has released a report ranking suppliers based on customer count. According to this report, here are the top 10 electric providers in Ohio:

1. Energy Harbor Corp.- 701,618 customers
2. AEP Energy - 380,159 customers
3. Dynegy Energy East, LLC- 335,518 customers
4. Interstate Gas Supply, Inc.- 228,977 customers
5. Constellation NewEnergy, Inc- 94,304 customers
6. Reliant Energy Northeast LLC- 85,429 customers
7. Direct Energy Services- 61,293 customers
8. Inspire Energy Holdings, LLC- 41,831 customers
9. Commerce Energy, Inc.- 29,519 customers
10. SmartEnergy Holdings, LLC- 25,749 customers

It's important to keep in mind that there are additional options to consider beyond well-known providers. Interestingly, some of the most competitive electricity rates in Ohio can be found with emerging suppliers. These suppliers are eager to gain market share by offering rates that undercut the established players.

In the state of Ohio, your utility company is assigned based on your physical address. These Ohio electric companies are responsible for maintaining power lines and delivering electricity to your home or business.

The 6 major electric utility companies in Ohio are:

• AEP Ohio
• AES Ohio
• Duke Energy Ohio
• Ohio Edison
• The Illuminating Company
• Toledo Edison

Click the Get Started Button below to compare rates in these utilities today.

When choosing an electricity provider in Ohio, you will have the option to select your plan. The options will likely include one of the plan types below:

Fixed-Rates Plans

Fixed-rate plans are the most prevalent type of electricity plan in Ohio. As the name suggests, your rate will be locked in for a set period, usually 12-36 months. This allows you to budget more accurately since your rate won't fluctuate with energy market prices.

Variable-Rate Plans

With a variable-rate plan, your rate will change each month based on market conditions. While these plans may offer lower rates at times, they also come with the risk of higher electricity prices when the market is tight.

100% Green Energy Plans

If you're someone who cares about the environment, a 100% Green Energy Plan could be the perfect choice for you. These renewable energy plans offset your energy usage by purchasing Renewable Energy Credits (RECs). RECs reflect the generation of renewable energy sources like solar or wind. By choosing this type of plan, you can ensure that your energy consumption is supporting renewable energy projects.

EnergyPricing.com also offers competitive commercial electric rates in Ohio. With our large network of suppliers, we can help businesses find the best rates and plans for their unique energy needs. Whether you're a small business owner or a large corporation, we have options to fit your goals.

Below are some benefits of using EnergyPricing.com for your next commercial electricity contract.

1. Direct Access to Providers: Our easy-to-use interfaces let you submit your commercial electricity accounts directly to our network of electricity suppliers. Just sit back and watch the bids come in!
2. Transparent Pricing: At EnergyPricing.com, we believe in being 100% transparent with our pricing. We will always disclose how much electricity providers compensate us. Due to our automated online pricing process, we can offer some of the rates in the market.
3. Expert Advice: Unsure which plan or energy provider to use? No problem. You will have access to an industry expert who can help you.

With all the information and tips provided, you're now equipped to take control of your electricity rates in Ohio. Don't wait any longer - start comparing rates and enrolling in a new plan today with EnergyPricing.com.

Take advantage of our transparent pricing, expert advice, and our large network of energy suppliers. Say goodbye to high electricity bills and hello to savings!

EnergyPricing.com is an online marketplace that connects residential and commercial customers in deregulated electricity and natural gas states with energy suppliers.

We’re a registered electricity and natural gas broker in each state where we operate. Therefore, energy suppliers pay us a small referral fee for connecting customers like you with them.

As of May 2025, the cheapest electricity rate is the ClearGuarantee7 Plan from Clearview Energy, which is $0.0709 per KwH. To find out who has the cheapest electricity rates in a specific area in Ohio, you can start by shopping around to compare electric rates in Ohio. One option is using Apples to Apples Ohio, the Ohio PUC’s shopping website, which lists Ohio electricity rates per kWh from various licensed suppliers. However, this site includes all suppliers regardless of their service history or customer complaints. Alternatively, our platform pre-screens suppliers and energy plans to highlight the best options for you. We also offer support to answer your questions, remind you when it’s time to renew, and, for business owners, connect you directly to suppliers for customized rates—allowing you to compare bids effortlessly and secure the cheapest electric rates in Ohio.

AES Ohio’s standard residential “Price to Compare” for the generation supply portion of your Ohio electric bill is 8.58 cents per kWh as of June 1, 2024. This rate is valid until May 31, 2025. Starting June 1, 2025, residential customers may see a 10-15% increase in their bills—approximately 2 cents per kWh—due to rising capacity costs from the 2024 PJM auction, potentially bringing the rate to around 10.58 cents per kWh.

Ohio electric rates are increasing due to rising capacity costs, as seen in the 2024 PJM auction, which affects electric suppliers in Ohio. Starting June 1, 2025, customers may see a 10-15% bill increase—about 2 cents per kWh—due to these higher costs. Other factors driving up rates include inflation, increased demand, and investments in grid infrastructure. To manage costs and find the cheapest electricity rates in Ohio, you can use our platform to compare pre-screened suppliers and plans. Unlike the Apples to Apples Ohio PUC website, we offer support, renewal reminders, and a bidding system for businesses to secure better rates.

The average electric bill per month in Ohio for residential customers is around $120 to $140, based on typical usage of 1,000 kWh at a rate of 12 to 14 cents per kWh, though this can vary by season and provider. Depending on the area in Ohio, rates can be as low as 7 cents per kWh. For example, AES Ohio’s current rate of 8.58 cents per kWh (as of June 1, 2024) could result in a lower bill, around $86 for 1,000 kWh, but with the anticipated 10-15% increase starting June 1, 2025, this may rise to about $100-$105. To find the cheapest electricity rates in Ohio and lower your bill, use our platform to compare pre-screened suppliers. Unlike the Apples to Apples Ohio PUC website, we offer support, renewal reminders, and a bidding system for businesses to secure better rates.

Your Ohio electric bill might be high due to several factors. Rising capacity costs, like those from the 2024 PJM auction, are increasing rates—AES Ohio customers may see a 10-15% hike starting June 1, 2025, adding about 2 cents per kWh. Other reasons include higher usage (especially during extreme weather), outdated appliances, or a higher rate plan. Ohio’s average bill is $120-$140 for 1,000 kWh at 12-14 cents per kWh, but if your rate or usage is above average, your bill will be higher. To discover the cheapest electricity rates in Ohio, try our platform, which lets you compare pre-screened suppliers. Unlike the Apples to Apples Ohio PUC website, we offer support, renewal reminders, and a bidding system for businesses to get better rates.