Ohio Electric Rates

ohio electric rates Ohio Electric Rates

 

Ohio Electric Rates Information

Residential and Commercial businesses located in Ohio now have the Power to Choose who their business electricity provider is.

Now that Ohio is deregulated, it has never been easier to switch providers and start incurring savings on Ohio electric rates.  Best Price Electricity is here to help you save time, money, and have peace of mind. We procure energy every day, and have the inside track that most consumers would not be able to get directly.  We understand that no two companies are alike, and that each deregulated area is different.  Our procurement process starts with making sure we get all the details about your business electricity costs so that we can build a product based on your company’s energy needs, budget constraints, and your energy usage and demand profile.

Getting the most competitive Ohio Electric Rates has never been easier

Discount Electricity in Ohio

 What Best Price Electricity can do for you in Ohio:

  • We provide our energy procurement service to you at no cost
  • We help you craft the best electricity contract terms and conditions which will maximize your savings and give you more flexibility and budget certainty
  • We evaluate the available Ohio Retail Electricity Providers, determine which best suits your individual needs, and negotiate the best electricity price and contract terms for your business.
  • Save time and money by outsourcing energy procurement task.
  • Quickly transition you from higher priced standard offer to lowest cost electricity provider in the Ohio area.

The Best Price Electricity Procurement Strategy:

  • Obtain and analyze previous 12-months historical energy usage data to define individual load shape
  • Determine beneficial energy products and contract terms meeting the needs of your business while maximizing both short & long term cost-savings opportunities
  • Manage simultaneous negotiations with multiple energy suppliers – customers focus on their business’ needs
  • Provide unbiased approach in comparison of energy bids and contract structures
  • Execute time-sensitive contracts, followed by ongoing account management, industry alerts, and market updates.



History of Energy Deregulation in Ohio

1/03: The Ohio Consumers’ Counsel published its 2002 End-of-Year Update On Ohio’s Electric Market that reviewed the past two years of competition in Ohio. According to the report, “813,000 residential consumers statewide – or about 20 percent of those who are eligible to participate in electric choice-actually switched electric suppliers.” Most of those customers participated in community aggregation groups. Cleveland Electric Illuminating had the highest percentage of customers switch to an alternative supplier.

4/02: The Public Utilities Commission of Ohio (PUCO) released The Ohio Retail Electric Choice Programs Report of Market Activity for the Year 2001 to the Ohio General Assembly. The report summarizes “the market activity during the first year of Ohio’s retail electric choice program.” According to the report, the Cleveland Electric Illuminating Company had 50 percent of its customers switch to alternative suppliers. 15 percent of Ohio Edison’s customers switched, and over 4 percent of Toledo Edison’s customers chose another electric supplier. While Cincinnati Gas and Electric, Columbus Southern Power, Dayton Power and Light had less than 1 percent of its customers switch. No Monongahela Power or Ohio Power customers switched during 2001.

1/02: The Ohio Consumers’ Counsel released the first report card for Ohio’s electric choice program. Overall, the OCC said electric customers were “better off than they were before electric choice.” About 15 percent of eligible customers switched electric suppliers in 2001, mainly former customers of the three FirstEnergy companies. In Northern Ohio, 158 communities aggregated their load and chose an alternative supplier. The counsel recommended that the state work out a plan to attract more alternative suppliers in less competitive areas of the state; issue competitive bidding rules at the end of the transition period; develop more conservation and energy efficiency programs and policies; and implement a regional transmission organization. On the federal level, the counsel recommended monitoring mechanisms to curb market power and guaranteeing adequate wholesale power reserves.

1/01: Retail direct access to competitive electricity suppliers began on January 1, 2001, in the State. The first month saw about 97,622 customers in First Energy territories switch suppliers. Standard Offer Rates range from 3.6 to 4.9 cents/kWh in the three FirstEnergy subsidiary territories of Toledo Edison, Ohio Edison, and Cleveland Illuminating.

6/99: The restructuring legislation will allow retail customers to choose their energy suppliers beginning January 1, 2001.