Toledo electricity plans are competitive! And with recent increases from Toledo Edison, it pays to shop electricity comparison sites in Ohio to find the best pricing.
ElectricityPlans.com lets you compare rates from major providers to find the best plan for your home or business.
What is the Electric Utility Company in Toledo Ohio?
The electric utility company for Toledo Ohio is Toledo Edison.
They are the company that delivers power to your home, responds in an emergency and send your monthly electricity bill.
But under the Energy Choice Ohio program, you can choose your electricity supplier.
You can pay the Standard Service Offer with Toledo Edison. Or you can choose one of the suppliers approved by the Public Utility Commission of Ohio.
With the utility, you have a base electricity rate with quarterly adjustments.
With a supplier, you can protect yourself against high electricity rates and lock in a fixed rate plan.
Effective June 1, 2023, Toledo Edison rates are jumping from 5.9383¢ per kWh to 12.41¢per kWh, an increase of over 100%. Avoid the utility rate hike by shopping for an alternative supplier.
Best Electricity Prices in Toledo Ohio (Toledo Edison)
| Plan Name | Term | Rate/kWh |
|---|---|---|
| Direct Energy Live Brighter 13 | 13 | 6.49 ¢ |
| Energy Harbor Safe Harbor 5 | 5 | 6.85 ¢ |
| Public Power Electric 8 Month Fixed | 8 | 6.89 ¢ |
| Santanna Energy Services Preferred 12 Month | 12 | 6.99 ¢ |
| Direct Energy Live Brighter 18 | 18 | 6.99 ¢ |
| Direct Energy Live Brighter 12 | 12 | 6.99 ¢ |
| Public Power Electric 18 Month Fixed | 18 | 7.09 ¢ |
| Energy Harbor Safe Harbor 18 | 18 | 7.28 ¢ |
| Public Power Electric 12 Month Fixed | 12 | 7.29 ¢ |
| Energy Harbor Safe Harbor 24 | 24 | 7.39 ¢ |
| Direct Energy Live Brighter 36 | 36 | 7.49 ¢ |
| XOOM Energy SureLock 12 | 12 | 7.79 ¢ |
| XOOM Energy SimpleClean 12 | 12 | 7.99 ¢ |
| XOOM Energy RescueLock 12 | 12 | 8.19 ¢ |
| Direct Energy Go Green Lights 24 | 24 | 8.69 ¢ |
Shop for Best Residential Electricity Rates in Toledo Ohio
Shop Business Electricity Rates in Toledo Ohio
How to Find the Best Electricity Rates in Toledo
If you haven’t shopped for an electricity rate in a while, that’s understood. For the last year, Toledo Edison had a great rate for electricity. And now they don’t. Here’s a refresher on how to find the best (cheapest) electricity price for your home in the Toledo area.
Time needed: 10 minutes.
How to shop for the Cheapest Electricity Price in Toledo
- Enter your zip code.
Enter your zip code at ElectricityPlans.com.
- Compare the rate per kWh.
The price per kWh (kilowatt hour) is the price you’ll pay for every unit of electricity you use.
- Read the details so you know what you’re getting.
Review the plan information such as the contract term and termination fee. Suppliers can’t charge an early termination fee for residential electricity in Ohio.
- Select your plan and enroll.
Once you find the best plan for you (usually the cheapest electricity rate), make the switch. You’ll just select your plan, then enter your information (including your electricity account number).
What’s the Average Electricity Bill in Toledo Ohio?
The average home in Toledo uses 750 kWh per month. You’ll use more or less than that based on the size of your home and whether you use gas or electric heat.
The average electricity rate in Toledo is 7.36¢ per kWh based on rates as of 05/29/2023. That's based on a typical home in Toledo using 750 kWh. The average monthly electricity bill in Toledo is $55.20.
This average is based on a sample of electricity rates, as shown on ElectricityPlans.com