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Lorain Ohio Electricity Rates, Plans and Providers

  • Written By: Kelly Bedrich

  • Lorain Ohio is part of the state’s electric choice program. You can get your power supplied by your local utility company, or you can choose an alternative supplier, licensed by the state’s Public Utility Commission.

    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 Lorain Ohio?

    The electric utility company in Lorain is Ohio 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 from Ohio Edison. This rate changes quarterly.

    Or, you can choose an electricity supplier and electricity plan that locks in a fixed rate per kWh for your home. This protects you from changing electricity prices and gives you price stability.

    NOTE: Lorain-Medina Rural Electric Co-Operative is the electric company that serves 16,000 customers in areas south of Lorain. They are not an electric utility or supplier for residents of Lorain.

    Compare Electricity Prices in Lorain (Ohio Edison)

    Ohio Edison (FirstEnergy)’s residential Price to Compare for the generation supply portion of your bill is 8.18¢/kWh from October 1, 2024 – December 31, 2024. Compare that to the supplier rates below.
    Plan Name Term Rate/kWh
    Public Power 12 Month Fixed with Monthly Fee 12 5.69 ¢
    Direct Energy Live Brighter 6 6 6.49 ¢
    Energy Harbor Safe Harbor Value 6 6 6.69 ¢
    Public Power 6 Month Fixed 6 6.79 ¢
    Direct Energy Live Brighter 12 12 7.69 ¢
    Energy Harbor Safe Harbor Value 12 12 7.69 ¢
    Public Power 12 Month Fixed 12 7.79 ¢
    XOOM Energy SureLock 12 12 7.89 ¢
    Santanna Energy Services Preferred 12 Month 12 8.06 ¢
    XOOM Energy SimpleClean 12 12 8.09 ¢
    XOOM Energy RescueLock 12 12 8.19 ¢
    Direct Energy Live Brighter 18 18 8.59 ¢
    Constellation 24 Month Home Power Plan 24 8.89 ¢

    Shop Electricity Rates & Plans – Ohio Edison

    Business Electricity Rates in Lorain

    Plan Name Term Rate/kWh
    ENGIE 6 Months 6 6.78 ¢
    ENGIE 12 Months 12 7.59 ¢
    ENGIE 18 Months 18 7.92 ¢
    ENGIE 24 Months 24 8.10 ¢
    APG&E APG&E 6 Months 6 8.19 ¢
    ENGIE 36 Months 36 8.33 ¢
    ENGIE 48 Months 48 8.48 ¢
    ENGIE 60 Months 60 8.56 ¢
    APG&E APG&E 12 Months 12 10.88 ¢
    APG&E APG&E 18 Months 18 12.59 ¢
    APG&E APG&E 24 Months 24 14.72 ¢
    APG&E APG&E 36 Months 36 17.37 ¢
    APG&E APG&E 48 Months 48 19.15 ¢
    APG&E APG&E 60 Months 60 20.51 ¢

    Shop Business Electricity Rates in Lorain

    How to Find the Best Electricity Rates in Lorain

    Electricity in Lorain is deregulated. That means you can get your electricity supply from the utility company, Ohio Edison. Or you can purchase electricity from one of the licensed suppliers approved by the Public Utility Commission of Ohio.

    Regardless of what you choose, the local utility company continues to send your bill, provide customer service and respond to emergencies.

    When evaluating supplier options, make sure to look beyond just the rate. Consider all aspects of the electricity plan including the rate, term, termination fee and any monthly charges.

    Time needed: 10 minutes

    How to shop for the Cheapest Electricity Price in Lorain

    1. Enter your zip code.

      Enter your zip code at ElectricityPlans.com.

    2. Compare the rate per kWh.

      The price per kWh (kilowatt hour) is the price you’ll pay for every unit of electricity you use.

    3. 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.

    4. 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).

    About Kelly Bedrich

    Kelly Bedrich co-founded ElectricityPlans in 2016 with the goal of simplifying the complicated process of buying energy. As president and chief technology officer, Kelly keeps our development team focused on providing a user-friendly website. When not reading the latest on technology and finance, Kelly enjoys celebrating Taco Tuesday, listening to live music at local venues, and hiking.

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