Compare Rates and Find the Best Electricity Supplier in Parma OH in 2024!
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Choosing the best electricity provider is no easy task in Ohio with the numerous options available. This guide aims to simplify the process of comparing providers, rates, and plans, so you can be confident in powering your home or business at a fair price.
- Parma is in a deregulated energy market, meaning you have the power to switch electricity providers.
- Don't just make a quick decision- compare rates, weigh factors & shop around on EnergyPricing.com
- Learn some tips for lowering your electric bill with energy efficiency and some smart usage habits.
Understanding Parma's Deregulated Energy Market
Before energy deregulation, all residents had to purchase electricity from a single provider at a set rate. With energy deregulation, residents and businesses in Parma now have the freedom to choose their electricity provider. This means you can compare rates, contract terms, and customer reviews to find the best fit for your needs.
How to Compare Energy Companies in Parma Ohio
When it comes to comparing energy companies in Parma, Ohio, you've got plenty of options. In fact, as of today, there are over 100 electricity suppliers registered with the PUC. Talk about having options!
Luckily, for you, EnergyPricing.com's easy-to-use interface simplifies comparing electric providers in Parma, Ohio to a three step process:
Step 1: Enter Your Zip Code
This will direct you to all our available electric providers in Parma, OH.
Step 2: Compare Rates and Suppliers
This is the fun part. Our easy-to-use interface allows you to effortlessly compare rates from multiple suppliers.
Step 3: Enroll Online
Once you find the perfect plan, you can enroll online in less than 2 minutes.
Do you want to see how it works in real-time? Watch the video below.
Factors to Consider When Shopping Electricity Suppliers in Parma
With numerous options available, it can be overwhelming to know where to begin. Consider the following factors to find the optimal plans:
- Price - When it comes to choosing an electric provider, price is definitely a top consideration. But don't be fooled by a promotional energy plan that may seem like a great deal at first glance. That's why it's crucial when you are making a true apples-to-apples comparison that you consider not only the initial price but also any potential hidden fees or rate changes down the line.
- Read customer reviews - To understand a company’s customer service, check out their customer reviews on Google. What are other customers saying about the service they’re getting? Look for red flags like poor communication, unresponsive customer service, and billing issues.
- Company size - It’s also worth checking how many customers a company has. This could be an indication of their size and stability. A larger customer base can mean more resources and better infrastructure to handle customer demands.
- How long have they been in business? - Researching the history of a company can help you form an opinion on how reliable and trustworthy they are. You can find this information on their website or by reading reviews online. A company with a long history of providing reliable service is a good sign that they’re here to stay.
- Lastly, read the contract - Don’t just quickly sign the electricity contract and hope for the best. Make sure you read the entire contract carefully before committing yourself to any provider.
Top Parma Ohio Electric Companies
The U.S. Energy Information Administration has recently released a highly informative report that ranks suppliers based on their customer count. According to this reliable source, here are the top 10 energy suppliers in the Parma region:
- Energy Harbor Corp.- 701,618 customers
- AEP Energy - 380,159 customers
- Dynegy Energy East, LLC- 335,518 customers
- Interstate Gas Supply, Inc.- 228,977 customers
- Constellation NewEnergy, Inc- 94,304 customers
- Reliant Energy Northeast LLC- 85,429 customers
- Direct Energy Services- 61,293 customers
- Inspire Energy Holdings, LLC- 41,831 customers
- Commerce Energy, Inc.- 29,519 customers
- SmartEnergy Holdings, LLC- 25,749 customers
Source: U.S. Energy Information Administration (EIA), 2021 Retail Power Marketers Sales- Total
As a customer in Parma, it's crucial to know that your options are not restricted to just the list above. The energy market is continuously evolving, and new companies are always emerging with more competitive offers that you should consider. We make sure to vet all companies for reliability and partner with the ones that offer the best plans on the market.
Types of Electricity Plans in Parma
When shopping for electric prices in Parma, you'll come across different plans tailored to suit your risk tolerance. Here are some of the most commonly offered electricity plans available in the market.
Fixed Rate Electricity Plans
Fixed-rate plans offer one set rate per kilowatt-hour for the entire contract period, providing stability and predictability for your energy costs. A fixed-rate plan is ideal for most residential and commercial customers as it eliminates surprises on your monthly bill and allows you to budget accordingly.
Variable Rate Electricity Plans
Variable-rate energy plans offer a fluctuating rate per kilowatt-hour based on market conditions, such as weather and volatility. While this type of plan typically offers flexibility in allowing you to switch plans without any additional fees, it also comes with the risk of extreme weather events causing a sudden spike in your energy rate.
100% Green Energy Plans
If you're looking for a green electricity provider in Parma, OH, then a 100% Green Energy Plan could be the perfect choice for you. However, it's important to note the electricity flowing through your power lines won’t typically come from renewable energy sources.
Instead, with these renewable energy plans, most energy providers simply offset your energy usage by purchasing Renewable Energy Credits (RECs). These RECs reflect the generation of renewable energy from sources like solar or wind. So if you are someone who cares about the environment and is willing to spend a little bit more, then choosing a plan from a green electricity provider in Parma, OH, is for you.
Promotional Energy Plans
Most electricity consumers are always looking for ways to save money on their energy bills, which is why promotional energy plans have become a popular choice. These plans come in many different forms, from unlimited electricity to lower-rate plans with built-in monthly fees.
However, customers should approach these plans with caution. While they may look appealing, it’s essential to analyze your average kWh usage to determine if the plan will actually save you money. Unfortunately, many of these promotional energy plans end up being more expensive than traditional fixed-rate plans.
The Illuminating Company
The Illuminating Company is the utility company that is responsible for maintaining the powerlines and delivering electricity to your home or business in Parma. Remember, if there is a power outage, contact The Illuminating Company instead of your electricity supplier.
Tips for Lowering Your Electricity Bill in Parma
These are 3 most valuable tips on saving both energy and money on your upcoming energy bill.
Shop for Better Rates
One of the easiest ways to lower your electricity bills is to shop around for better rates. At EnergyPricing.com, we strive to always offer the cheapest rates on the market. We are also here to answer your questions and remind you when it is time to renew, that way you will have a great rate year after year.
Energy Efficiency Measures
Consider choosing LED light bulbs, Energy Star-certified appliances like refrigerators, washing machines, and dishwashers, and opt for programmable thermostats. This will not only save you money, but also contribute to a greener and more sustainable future.
Smart Usage Habits
By diligently turning off lights and electronics when not in use, sealing air leaks in your home, and opting for fans instead of air conditioning, you can actively decrease your energy consumption and therefore lower your monthly energy bill.
Commercial Electric Rates in Parma, Ohio
For a business owner, shopping for an optimal electricity plan is crucial, and this decision impacts the operational expenses and sustainability of the enterprise. Therefore, it's vital for businesses to regularly review their energy needs and shop around for the most suitable plan for electricity or natural gas.
You can shop for customized commercial electricity rates through the user-friendly online platform EnergyPricing.com. This platform offers various advantages, such as:
- Direct Access to Suppliers: Our easy-to-use interfaces let you submit your commercial electricity accounts directly to our network of energy providers. Just sit back and watch the bids come in!
- Transparent Pricing: At EnergyPricing.com, we believe in being 100% transparent with our pricing and will disclose to you how much electricity providers compensate us. Due to our automated online pricing process, we can offer some of the lowest electricity prices in the market.
- Expert Advice: Unsure of which electricity plan or energy supplier to go with? No problem! You will have access to an EnergyPricing.com expert to help you throughout the entire pricing process.
Now it's your turn to take control of your electricity costs. Compare rates, find the best provider for your home or business, and start saving today! Just click the Get Started button below.
Frequently Asked Questions
What is EnergyPricing.com?
EnergyPricing.com is an online marketplace that connects residential and commercial customers in deregulated electricity and natural gas states with energy suppliers.
How does EnergyPricing.com make money?
As a registered electricity broker with the Public Utility Commission in Ohio, electricity suppliers pay us a small commission for connecting customers like you with them. Here is a full explanation on how we make money.
Who is the electric utility company that serves Parma?
Depending on your address, you can rely on The Illuminating Company for delivering and maintaining your electricity in Parma. If there is a power outage, contact them to help you get back up and running.
Paul Rhoads, CEM, CEP
Paul is the Vice President of EnergyPricing.com. He has over a decade of experience in the energy industry, advising clients on how to shop in deregulated energy states. In addition to his experience, Paul is a Certified Energy Manager (CEM) and Certified Energy Procurement Professional (CEP).
TABLE OF CONTENTS
- Understanding Parma's Deregulated Energy Market
- How to Compare Energy Companies in Parma Ohio
- Factors to Consider When Shopping Electricity Suppliers in Parma
- Top Parma Ohio Electric Companies
- Types of Electricity Plans in Parma
- The Illuminating Company
- Tips for Lowering Your Electricity Bill in Parma
- Commercial Electric Rates in Parma, Ohio
- In Conclusion
- Frequently Asked Questions