Electricity Blog: News, Trends, & Information

Cheapest Electricity Rates in Ohio (December 2024)

Last Updated December 11, 2024

The cheapest electricity companies and best power rates in Ohio change all the time. Though… not as much as the utility’s rates vary. And that’s the benefit of shopping for a fixed rate plan from a supplier. You can avoid the utility rates that change constantly, and lock in a rate with stability.

It’s easy to shop electricity rates in Ohio simply by entering your zip code. You’ll get supplier rates plus information on the current price to compare for your utility.

We update this article each month with our recommendation on the cheapest electric suppliers in Ohio. Here are our cheapest rates as of December 2024.

Ohio Utility Rates Increase June 2023

Ohio utility rates increased dramatically in June 2023. Residents and business owners can shop for competitive suppliers and potentially save big on their electricity bills. Below you can find current utility rates in Ohio and how to shop.

What are Market Securitization Charges?

Market securitization charges are a new line item on Texas electricity bills. They’re a direct outcome of Winter Storm Uri, paying for some of the extraordinary costs of that storm.

The Texas legislature passed House Bill (HB) 4492 in 2021 in response to the storm’s financial impact on the ERCOT power region. The legislation allows Texas REPs to add the charge to their bills for the next 30 years

You can’t avoid paying these fees, which are from a regulatory change. But you might as well understand them, since you’ll be paying them for the next 3 decades.

Texas Electricity Trends for 2023

Texas electricity trends for 2023 show lower prices than 2022 and more options for short and long term electricity contracts. Other trends in Texas electricity include green energy plans going mainstream, more consumers choosing to add solar panels to their homes, and opportunities to get rewarded for cutting your usage.

This is also the year that market restructuring will occur, as Texas looks to ensure grid reliability. Those changes will drive up future electricity prices beyond 2023.

We’ll review all that and more below. If you’re in a hurry and just want to find your best electricity plan? Jump right to our recommendations to find the best electricity rates.

Connecticut Electricity Rates Skyrocket in 2023

Electricity rates in Connecticut went up an unprecedented 88% to 100% on January 1, 2023. Rates are declining July 1, 2023, but you can still lock in a low fixed rate for your home or business in Connecticut.

ElectricityPlans Named to the 18th Annual Aggie 100, Honored as Fastest-Growing Company

What an amazing honor to serve our customers.

Because of you, on November 4th, 2022, ElectricityPlans.com was among the top 100 companies from around the world selected for the 18^th annual Aggie 100^TM which honors the fastest growing companies owned by former students of Texas A&M University.

Electric Vehicle Fleets: A Guide for Business Owners

If you have a fleet of vehicles for your business, you may be considering going EV for your next purchase. With good reason. There are now more choices for passenger and light-duty fleet vehicles. Here’s a basic guide to fleet electrification 101.

Summary: A business EV fleet may be for you if you have a cargo fleet that drives less than 120 miles a day or sedans/SUVs that drive 200-400 miles daily. Talk to your accountant about depreciation and any purchase incentives.

How to Lower Your Electricity Bill this Winter

It’s the Texas double whammy for electricity bills. We often think that only our summer electricity bills are high. But your winter electricity bill can also be expensive depending on our winter weather.

Winter energy savings tips focus on insulation, keeping your “building envelope” secured against the elements, and setting your thermostat at the proper level.

Will Electricity Prices Fall this Fall in Texas?

We get questions like this all the time from customers, friends and neighbors. Will electricity prices fall this fall?

Normally we would say, of course! Electricity prices always drop in the fall in Texas. And this year is no exception, based on what we’re seeing with pricing. Prices are dropping… just not as far as we all hoped.

This article was written in Summer 2022. See our Texas Electricity Rate Trends 2023 article for the latest electricity price forecast for 2023.

Tax Credits for EV, Solar & Electrification – The Inflation Reduction Act of 2022

For homeowners, the Inflation Reduction Act of 2022 includes over $8 billion for home energy efficiency and home electrification projects. You can receive tax credits for new technology including home solar panels, battery storage, or electric vehicles. And you can get tax credits and incentives for replacing your clothes dryer, water heater and cooktop, or for swapping out your HVAC for a heat pump HVAC.

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