Shop the Cheapest Toledo Edison Electric Rates in 2024

Paul Rhoads By Paul Rhoads, CEM, CEP linkedin link
Last Updated: February 8, 2024
five stars 36 reviews Clock 12 min read
Toledo Edison electricity towerToledo Edison electricity tower

At, we take pride in our editorial integrity. Our content is not influenced by any energy supplier or provider. However, we may reference their products in our articles. Here's an explanation of how we make money.

Are you tired of overpaying for electricity in the Toledo Edison service area? It's time to take control of your energy costs with

As an authority in the electricity marketplace, we provide straightforward solutions to help you find rates that could save you serious money on your electric bill.

Understanding Toledo Edison Electric Rate Options

When it comes to electricity supply for your home or business, you have two options.

The first option is to stick with the utility Toledo Edison. This is the default option for electricity supply.

The second option, thanks to deregulation of the electricity market in Ohio and the Customer Choice Program, gives you the freedom to select your third-party supplier instead.

What is Ohio's Customer Choice Program?

Just as you shop for other products and services, you also are able to shop for an energy supplier. With Choice, energy customers from large manufacturers to residential homeowners are able to shop for energy options from a diverse group of competitive suppliers certified by the Public Utilities Commission of Ohio (PUCO).

Here's how it works:

  1. Compare Rates: The first step is to compare Toledo Edison rates offered by different suppliers. You can do this by visiting and using our rate comparison tool. This will allow you to see all the available rates in your area and choose the one that fits your needs.
  2. Choose Your Plan: Once you have found a rate that suits your needs, it's time to select a plan. Make sure to carefully review the terms and conditions of each plan before making a decision.
  3. Switch Suppliers: After selecting a plan, you will need to switch suppliers. This enrollment process is quick and easy on Be sure to have your 17-digit Service Delivery Identifier (SDI) number found on your bill ready. Suppliers will need this account number to switch you successfully. 

Would you like to see how it works in real-time? Watch the video below to learn how shop online with

How to Shop Youtube CoverHow to Shop Youtube Cover

Benefits of Switching Suppliers for your Toledo Edison Service

Consider the multitude of benefits that come with switching your Toledo Edison electricity supplier:

  1. No Interruption in Service: Rest assured that your electricity service will remain uninterrupted during the switching process. Toledo Edison will continue to deliver your electricity and handle any power outages, ensuring a seamless transition.
  2. Budget Certainty: Gain peace of mind with stable electricity rates. By choosing a third-party electricity supplier, you can lock in a fixed rate for up to 48 months, avoiding the fluctuating default rates of Toledo Edison.
  3. Go Green: Making the switch also allows you to support renewable energy. Many third-party suppliers offer 100% Green Energy Plans, perfect for those committed to reducing their carbon footprint.

Toledo Edison's Price to Compare

The price to compare is the benchmark that competitive suppliers need to beat. It's the price you'll compare against the offers from potential suppliers. For Toledo Edison customers, your price to compare includes combined costs for generation supply and transmission services.

The Toledo Edison Company's residential “Price to Compare” for the generation supply portion of your bill for the period of January 1, 2024 through March 31, 2024 is $0.1045/kWh*.

*If you are a qualifying electric heating customer your “Price to Compare” may vary from the “Price to Compare” above during the months of Sept 1-May 31. Please locate your actual “Price to Compare” during these months within the message section of your bill.

Disclaimer: The current Toledo Edison Price to compare information was obtained from sources that we believe to be reliable, but its accuracy and completeness are not guaranteed. 

Factors to Consider When Comparing Suppliers

When choosing an electricity supplier, it's not just about finding the lowest rates. Take into account other crucial factors to make sure you select the provider that aligns with your needs and preferences.

  1. Price: This is often the most critical factor for many customers. Be sure to compare different rates and plans from each supplier to find an option that aligns with your needs and budget. The rate comparison tool at can help streamline this process.
  2. Customer Reviews: Reviews from other customers can help you get a sense of a company's reliability and quality of customer service. Take the time to read through these reviews to gather insights about the supplier's performance and reputation.
  3. Company Size and Stability: Consider the number of customers a company serves. A larger customer base often translates to more resources, which can mean better service and prompt response to customer needs.
  4. Company History: The length of time a company has been in operation can indicate their experience and reliability. Companies with a long history of providing dependable service are more likely to continue doing so.
  5. Contract Terms: Always read the entire agreement carefully. Look for any hidden fees or penalties, understand the cancellation clauses, and pay special attention to the contract length. These factors can significantly impact your experience with the supplier and potential savings.

By taking a moment to think about these factors, you can make a smart decision and pick a supplier that's perfect for your energy needs.

Toledo Edison Service Area

Toledo Edison is the electric utility in northwest Ohio. They serve more than 300,000 customers in 10 Ohio counties such as the counties of Lucas County, Wood County, Sandusky County, Seneca County, and Fulton County.

Toledo Edison Service AreaToledo Edison Service Area

Power Outage in Toledo Edison Ohio

Dealing with a power outage can be stressful. If you experience a power outage in the Toledo Edison service area, it is important that you contact the correct people to get it resolved.

Contact Toledo Edison, the utility company responsible for maintaining electric lines and keeping the power on. Residents in Northwest Ohio should report outages to them, not their third-party supplier.

Commercial Electric Rates in Toledo Edison

If you're a business owner, you're always seeking ways to cut costs and boost your profits. provides a straightforward solution for finding the best commercial electricity rates in Toledo Edison. Our cutting-edge technology allows you to compare prices from multiple Toledo Edison electricity providers and select the one with the most competitive rates for your business.

Additionally, streamlines the entire process online, making it quick and convenient to secure a new electricity contract for your business. No more time-consuming phone calls or in-person meetings; everything can be handled from the comfort of your computer.

Below are some benefits of using 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, we believe in being 100% transparent with our pricing and will disclose how much electricity providers compensate us. Due to our automated online pricing process, we can offer some of the cheapest 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.

Tips for Lowering Your Electric Bill in Toledo Edison

There are multiple ways to reduce your monthly bills within the Toledo Edison service area. Some options include:

  1. Shop for Better Rates - One of the easiest ways to lower your electricity bill is to shop around for better rates. One option is Apples to Apples Ohio, the Ohio Public Utilities Commission shopping website. It's important to note that any licensed supplier can post offers there, regardless of reputation and customer service complaints. Unlike the state shopping website, pre-screens all our suppliers and energy plans to bring you the best options. 
  2. Upgrade to Energy-Efficient Appliances - Replacing old appliances with energy-efficient models can make a significant impact on your energy bill. Look for products with the Energy Star label, which indicates that they meet federal energy efficiency standards. 
  3. Adjust Your Thermostat - Lowering your thermostat by just a few degrees can result in significant savings on your energy bill. You can also invest in a programmable thermostat to automatically adjust the temperature when you're not home or asleep.
  4. Unplug Unused Electronics - Even when turned off, electronics and appliances still draw power and contribute to your energy bill. Unplug devices when not in use to avoid this "phantom" energy usage.

In Conclusion

Don't wait any longer to reduce your Toledo Edison electric bill. Start comparing cheaper electric rates today. It's your power to choose, and it's our mission to help you find savings. Take that first step towards smaller bills and bigger peace of mind.

Frequently Asked Questions

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

How does 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



Paul Rhoads

Paul Rhoads, CEM, CEP

Paul is the Vice President of 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).


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