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The Best Energy Rates in Ohio

Ohio is among many states that offer their residents their choice of Retail Energy Provider (REP). You can compare electricity and natural gas rates, plans, and energy sources to select an arrangement that works for you.

Powering your home or business should be reliable and affordable, but with all the energy suppliers out there, it can get overwhelming. Our job is to simplify things so you can compare energy rates near you and land on a plan that makes sense.

Energy Rates Change with Supply and Demand

Because energy rates are variable and subject to market availability and consumer demand, they change almost every minute. Energy plans are designed to reduce this fluctuation. Take advantage of Ohio’s choice in energy supplier and start saving today. Use Price to Compare’s easy-to-use price comparison tool to search your area for the best savings.

Average price of residential electricity in Ohio:

13.01 ¢ / kWh

Pro Tip: Have your current electric or natural gas bill handy to compare suppliers and rates.

(updated February 2022 with most recent data available)

U.S. Energy Information Administration

The power to lower your electric bill is in your hands and it’s never been easier to compare electricity rates in Ohio. If you're looking for the most affordable electric rate, more eco-friendly options, or a fixed or variable rate rate plan, Price to Compare is here to make it simple for you.

How It Works

  • Enter your home’s zip code.
  • Choose Electricity or Natural Gas
  • Confirm your supplier.
  • Choose the best energy rate.
  • Save more on your home energy bills.

Plans can vary in contract length, rate type, and energy source. So let’s walk through the different options available and find the one that’s right for you.

  • Fixed Rate Plans: Featuring fixed electric rates determined by a contract, your rate will remain consistent regardless of the current electric rate. While the wholesale cost of electricity varies, these plans help keep your budget predictable and affordable, giving you the energy security you need.
  • Variable-Rate Plans: These rates are determined by the current state of the energy market. You get a cheaper rate when energy is abundant but pay higher rates in times of high demand or low production. These plans offer the flexibility of no contract but are high in risk.
  • Pre-Paid Plans: Using a smart meter, the customer pays in advance. Then the provider adjusts the account as the energy is used. When the balance runs low, the consumer adds additional funds to an online account and no contract is required.
  • Green Energy Plans: Local production of renewable energy in Ohio totals approximately 3% of the total in-state electricity produced. Price to Compare will help you find the most affordable green energy prices available and match you with competitive renewable energy plans. Powering your home while supporting local, eco-friendly electricity initiatives can be easy and fun.

Natural Gas

Find Natural Gas Suppliers in Ohio

Residents of the Buckeye state have a choice in natural gas suppliers, which can help regulate your energy bill during the colder months. Price To Compare digs through the details and presents you with your best provider for natural gas in just a few minutes.

Just like with electricity rates, natural gas rates are subject to the supply and demand of the market. If you’re currently paying too much for natural gas, it’s our goal to get you your best rate possible.

Average price of residential natural gas in Ohio:

$13.20 per Mcf/MMBtu
$1.32 per Ccf/therm

(updated January 2021 with most recent data available)

U.S. Energy Information Administration

Green Energy Options

Renewable Energy Options In Ohio

Looking for ways to go green, besides donning Ohio University Bobcats gear? Switch to an Ohio renewable energy supplier to lessen your home’s environmental footprint one kilowatt at a time. Search for green energy plans in your area today.

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Suppliers and Utilities

Ohio Energy Suppliers

With a broad marketplace of energy providers that service homes and businesses, taking the time and energy to compare energy rates in Ohio can be stressful. Instead, you can get all your information in one convenient place with Price To Compare. Getting to know your available suppliers can help you compare energy rates in Ohio. Here are some of state’s top reputable companies:

And the list goes on… happily, we’re here to help narrow the field and find your best electric rate!

Pro Tip: Before changing energy suppliers, you need your current electric or natural gas bill, and you need to know the utility company responsible for your area.

Find commercial energy suppliers in Ohio

From the riverbanks of Cincinnati to the shores of Cleveland, Price To Compare can help local Ohio businesses across the state find the best available commercial energy pricing on the market. Request a free quote on business electricity and natural gas rates today.

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Ohio Utility Companies

What’s the difference between your energy provider and utility company, you ask? Your utility company is responsible for managing and distributing energy produced by the supplier. For instance, the utility company must ensure that power reaches your home by installing and maintaining electricity and natural gas lines. They’re also in charge of responding to power outages.

There are nine major utility companies that service Ohio. Which one services your home? (This part is dictated by location, not choice.)

Pro Tip: Always call your utility company rather than your energy provider in a power emergency.

Deregulation

About energy deregulation in Ohio

Ohio took the first step toward energy deregulation in 1997, when the Public Utilities Commission of Ohio (PUCO) began to unbundle natural gas delivery charges – costs charged by the utility company to distribute the gas – from the cost of the actual gas itself. This allowed customers to purchase gas from different suppliers, and choose the right rates and plans for their needs.

Prior to 1999, eight entities controlled the vast majority of Ohio’s electricity market. These Investor-Owned Utilities dictated how most energy was produced and delivered to customers’ homes and businesses.

However, with the passing of the Ohio Electric Restructuring Act in July of 1999 (also known as Senate Bill 3), the state ultimately authorized the deregulation of its electric power industry and make way for a more competitive, consumer-focused market. Senate Bill 3 went into effect in 2001.

Currently, nearly 2.4 million electric customers and 1.7 million natural gas customers are participating in energy choice programs within the state of Ohio.

Your Go-To Energy Expert

Learn more about your energy choices and exactly how switching energy providers works. Don’t worry—for the consumer, the switch is seamless without any interruption in electricity or natural gas. Your utility company will simply begin delivering the energy from the supplier of your choice.

Price to Compare has been in this industry for more than a decade and has one of the most extensive national networks of commercial energy providers. Keeping the lights on should be as easy as flipping a switch. So let Price To Compare take care of finding the best rates for you. If you're not sure where to start, contact one of our experienced Energy Consultants today!