Compare Electricity Rates in Columbus, Ohio.
Electric in Columbus, Ohio
Understanding Columbus, Ohio, Utilities
Ohio runs on a deregulated energy market, which allows competition between energy suppliers. As an energy user, you’ll count on your utility company to distribute your energy and maintain your powerlines. In Columbus, your utility company is AEP Ohio.
AEP Ohio will be responsible for your distribution as long as you live in their service area, but the company that supplies your energy is up to you. The supplier you choose will determine the rate you pay for your electricity generation. Ohio energy laws require utilities to provide a Price to Compare (PTC), a baseline average rate for your energy usage over 12 months. You can compare supplier rates to this price to determine whether you’re getting a good deal.
Before you start looking for your supplier, you should find out when your current contract ends to avoid termination fees. You’ll also want to consider what type of rate you’re looking for — fixed, variable or block and index. Fixed rates stay the same from month to month, while variable rates fluctuate with the energy market. Block and index prices use a fixed rate for a set amount of usage and apply variable rates above that fixed expenditure.
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