budgeting for electricity in Ohio

Cheapest Electricity Rates in Ohio (May 2024)

  • Written By: Shannon Bedrich
  • Edited By: Rebecca Bridges
  • Looking for the cheapest electricity rates in Ohio? It’s no wonder. Standard rates from the largest utilities increased this year. You may be able to lock in significant savings versus your current price to compare.

    The cheapest electricity companies and offers in Ohio vary all the time. We update this article each month with our recommendation on the 3 cheapest electric suppliers in Ohio. Here are our cheapest rates as of May 2024.

    3 Cheapest Electricity Providers in Ohio Right Now

    So who has the cheapest electricity rates in Ohio? That changes monthly (or daily) depending on how aggressive each company is with their pricing.

    Based on our years of experience working with suppliers, here are the companies that consistently have the cheapest electric supply rates in Ohio, as of May 2024

    1. Public Power is always in the mix when you’re talking about the cheapest electricity providers and this month is no different.
    2. Energy Harbor is coming on strong in the new year with solid pricing on basic fixed rate plans.
    3. Santanna Energy Services offers great rates plus you can earn bill credits or gift cards.

    TIP: Look for those odd-term plans for some excellent rates. For example, a 10, 13 or 15 month term.

    Here are current electricity rates in your area.

    Cheapest Electricity Rates Cleveland Area (The Illuminating Company)

    The Illuminating Company (FirstEnergy)’s residential Price to Compare for the generation supply portion of your bill is 11.08¢/kWh from April 1, 2024 – May 31, 2024. Compare that to the supplier rates below.
    Plan Name Term Rate/kWh
    Public Power Electric 6 Month Fixed 6 6.29 ¢
    Energy Harbor Safe Harbor 12 12 6.39 ¢
    Public Power Electric 12 Month Fixed 12 6.59 ¢
    Santanna Energy Services Preferred 12 Month 12 6.97 ¢
    Direct Energy Live Brighter 12 12 7.19 ¢
    Energy Harbor Safe Harbor 32 32 7.19 ¢
    Constellation 18 Month Home Power Plan 18 7.29 ¢
    Direct Energy Live Brighter 18 18 7.79 ¢
    Direct Energy Live Brighter 11 11 7.79 ¢
    Constellation 36 Month Home Power Plan 36 7.99 ¢
    XOOM Energy SureLock 12 12 8.09 ¢

    Compare Electricity Rates by Zip Code

    Lowest Electricity Rates Toledo Area (Toledo Edison)

    Toledo Edison (FirstEnergy)’s residential Price to Compare for the generation supply portion of your bill is 11.00¢/kWh from April 1, 2024 – May 31, 2024. Compare that to the supplier rates below.
    Plan Name Term Rate/kWh
    Public Power Electric 6 Month Fixed 6 6.29 ¢
    Energy Harbor Safe Harbor 12 12 6.39 ¢
    Public Power Electric 12 Month Fixed 12 6.59 ¢
    Energy Harbor Safe Harbor 18 18 6.69 ¢
    Santanna Energy Services Preferred 12 Month 12 6.97 ¢
    Direct Energy Live Brighter 12 12 6.99 ¢
    Energy Harbor Safe Harbor 32 32 7.19 ¢
    Constellation 18 Month Home Power Plan 18 7.29 ¢
    Direct Energy Live Brighter 11 11 7.59 ¢
    Direct Energy Live Brighter 18 18 7.69 ¢
    Constellation 36 Month Home Power Plan 36 7.99 ¢
    XOOM Energy SureLock 12 12 8.09 ¢

    Lowest Electricity Rates in Akron (Ohio Edison)

    Ohio Edison (FirstEnergy)’s residential Price to Compare for the generation supply portion of your bill is 10.91¢/kWh from April 1, 2024 – May 31, 2024. Compare that to the supplier rates below.
    Plan Name Term Rate/kWh
    Public Power Electric 6 Month Fixed 6 6.29 ¢
    Energy Harbor Safe Harbor 12 12 6.39 ¢
    Public Power Electric 12 Month Fixed 12 6.59 ¢
    Energy Harbor Safe Harbor 18 18 6.69 ¢
    Santanna Energy Services Preferred 12 Month 12 6.97 ¢
    Direct Energy Live Brighter 12 12 6.99 ¢
    Energy Harbor Safe Harbor 32 32 7.19 ¢
    Constellation 18 Month Home Power Plan 18 7.29 ¢
    Direct Energy Live Brighter 18 18 7.59 ¢
    Direct Energy Live Brighter 11 11 7.59 ¢
    Constellation 36 Month Home Power Plan 36 7.99 ¢
    XOOM Energy SureLock 12 12 8.09 ¢

    Shop Electricity Rates by Zip Code

    How to Find the Lowest Electricity Rate in Ohio

    Shopping for electricity doesn’t have to be hard. You can check our article answering how do I shop for an electric supplier in Ohio. TL:DR? Here’s a 4-step process on how to find cheap Ohio electricity rates.

    1. Enter your zip code
    2. Choose from Basic Electricity, Renewable Energy or Support a Charity
    3. Sort by “Price: Rates Low to High”
    4. Pick the cheapest price for electricity and enroll.

    You can also see the utility rate at the top of our shopping page. That makes it easy to check the Price to Compare and see how much you can save.

    Once you’ve enrolled with your new supplier, that’s it! They will handle your switch with your utility company. All that changes is a new line item on your bill showing your new supplier and low rate!

    About Shannon Bedrich

    Shannon Bedrich, co-founded ElectricityPlans in 2016 after shopping for electricity rates using a confusing state-sponsored website. A CPA and our CFO, Shannon is the one that deciphers the fine print on each electricity plan. Outside of work, Shannon enjoys spending time with family, rooting for the Aggies, and exploring all that Houston has to offer.

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