Compare Electricity Rates in Cleveland, Ohio.

Ohio is one of many states in the U.S. with a deregulated energy market, which allows consumers to choose who supplies their energy. In a deregulated market, your supplier determines the rate you pay, while your utility company distributes the power your supplier provides. The Illuminating Company provides utilities in Cleveland.

As long as you’re in The Illuminating Company’s service area, they will remain your utility, but choosing a new supplier can help you get a lower rate. In Ohio, the energy laws require utilities to provide a Price to Compare (PTC). This price is an  rate based on your yearly usage, and you can use it to identify if a supplier is offering a good rate.

Before starting your search, you should find out when your current contract ends to avoid any fees. You also need to know what type of rate you’re looking for. Suppliers in the state offer fixed, variable or block and index rates. A fixed rate stays the same every month, and a variable rate changes with the energy market. Block and index prices use fixed rates for a set usage amount and variable rates when you exceed that usage.