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EnergyPricing.com tells you everything your need to know about Ohio Edison electric and how you can lower your rate.
About Ohio Edison
Ohio Edison is one of three utilities in Ohio owned by the FirstEnergy Corporation, and it is the largest service area of the three. It serves over 1 million customers in northeast and central Ohio, and it relies on a fraction of FirstEnergy’s 269,000 miles of power lines.
FirstEnergy Corp. operates 10 utility companies between Ohio and the New Jersey Shore. They formed in 1997 when the Ohio Edison Company merged with Centerior Energy Corporation. They have since maintained their office in Akron, Ohio.
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The Difference Between a Supplier and Ohio Edison
In Ohio’s deregulated energy market, there are two parties involved in your power — your utility and your supplier. Ohio Edison is a utility, making them in charge of your energy distribution, transmission and power line maintenance. You do not get to choose your utility, as it is based on your address.
Your supplier, on the other hand, is up to you. Suppliers provide the power to the utilities to distribute. Because of the deregulated market, they are able to set their rate they charge for energy. While this system promotes competition among providers, it also gives you some say in the rate you pay for your power. In other words, choosing your rate gives you the option to have a better handle on your energy costs during your term unlike the ever changing rate with the utility.
Ohio requires utilities to give you a Price to Compare (PTC) on your bill. The PTC changes throughout the year so it is best to know the average over a 12 month period when comparing. While it’s a rate you’ll pay if you don’t choose a supplier, it’s also a baseline. When you’re comparing supplier rates, you can look at your PTC to see if a supplier provides a good rate.
Service Area for Ohio Edison Electric
Ohio Edison covers a large service area in northeast and north-central Ohio. Ohio Edison power reaches cities and towns, including:
If you’d like to view current market rates in Ohio Edison’s service, shop rates through our platform today.
Find a New Supplier With EnergyPricing.com
When you are a large commercial or industrial company, lowering your Ohio Edison bill is valuable to your budget. EnergyPricing.com uses a reverse auction process to entice suppliers to compete for your business.
We’ll put together a group of available suppliers in your area. On the day of your auction, you can log into your account and watch in real time as suppliers place their bids. They know you want a low rate, so their bids will quickly drive down your price. When the bidding period ends, you get to sign with the company that has the best offer and contract terms.
You’ll work with one of our energy advisors to review the contracts. You might pick the lowest rate or sign your favored contract language instead. Our advisors will make sure you feel confident about your choice.