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Cheapest Electricity Rates in Ohio (January 2025)

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 January 2025.

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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.

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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.

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Cheapest Texas Electricity Rates and Plans (January 2025)

Finding the cheapest electricity rates in Texas doesn’t have to be a chore or require tons of research. Every month, we update our recommendation for the top three cheapest electricity companies in Texas, and our cheapest electricity rates for fixed rate plans. Here’s the January 2025 update.

We said last month that prices would be stable in December, but would rise in January or February if we have an extended cold snap. An arctic blast is expected to hit Texas on January 7-11. Prices may increase if ERCOT signals limited resources.

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Texas Electricity Companies with a Satisfaction Guarantee

A satisfaction guarantee can go a long way toward making you feel confident in your choice of Texas electricity plan. After all, there are a lot of things to compare when you’re shopping for electricity.

That’s why we like these electricity companies with a satisfaction guarantee. With electricity prices higher than they’ve ever been, a satisfaction guarantee gives you a chance to shop around.

Texas electricity companies with a 30-60 day satisfaction guarantee include Gexa Energy, 4Change Energy, TXU Energy, Rhythm Energy, Veteran Energy and OhmConnect Energy. If you don’t like your plan, you can switch to any other electricity plan or in some cases, switch away with no penalty.

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