Ohio

FES Bankruptcy – Exelon Saves the Day?

When First Energy Solutions (FES), a retailer serving nearly 1 million electricity customers entered bankruptcy in April, Ohio regulators were concerned.  After all, FES is the electric generation supplier of a large number of electricity municipal aggregations across Ohio.  What would happen to consumers as FES fought its way through bankruptcy proceedings?  It looks like a white knight has appeared on the horizon — Exelon Constellation.

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How to Shop for an Electric Supplier in Ohio

If you’re wondering how to shop for an OH electricity supplier, you’ve come to the right place!  We’ll help you learn how to make an apples to apples comparison of OH electricity rates and plans, the switching process, and the benefits of switching.

When you switch your electric supplier, you’ll benefit from savings versus the price to compare and the security of a fixed rate plan with a secure rate. You can even choose from plans that have green energy, free stuff, or that support a charity!

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Understanding Ohio’s Price To Compare

To promote energy choice in Ohio, the Ohio PUC requires that all utility bills include a Price To Compare disclosure. The intent of including this rate on electric bills is to give electricity shoppers a reference point to determine if an offer from an alternative supplier is a good deal or not. Sounds pretty straight-forward, but have you ever wondered how your Price to Compare is actually calculated and how can you use that information to save money? Read on to learn more about what the Price To Compare number is (and also what it isn’t) so that you can accurately compare apples to apples electricity rates. 

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Why Is Your Electric Bill Higher Than You Expected?

You read the electricity providers’ information and picked what you thought was the best electricity plan available in your state. You even compared electricity rates offered and chose the cheapest plan.

Now you’ve received your first electric bill, and the power costs are much higher than you expected. What’s going on? Why doesn’t the electricity rate on your bill match what you signed up for? Why is your electric bill higher than you expected?

When it comes to choosing the right electricity plan, it really does pay to spend time reading the fine print. To get an accurate apples to apples comparison, the details buried deep in each plan’s rate documents are the ones that determine how much you’ll actually pay at the end of each month.

Live in Texas? See How To Read An Electricity Facts Label (EFL) for more information.

Unfortunately, many electricity customers pay more than expected on their electric bills and don’t realize it. Let’s break down the most common reasons for unexpectedly high electric bills.

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Military Discounts for Active Military, Veterans, and Reserve

If you’re a veteran, active military, Guard and Reserve member, or a military spouse, you sacrifice a lot for our country.

As a member of the US military, you deserve special treatment for your service. The last thing you need is high electric bills due to an overpriced electricity plan. Did you know that some electricity providers offer military discounts?

If you live in a state with deregulated electricity, you have the opportunity to take control of who provides your electricity and find a plan that works for your budget and lifestyle. This can save you real money each month. Finding an electricity plan with special military discounts for active duty, military reserves, veteran, or military-dependent spouses is one more way to get the lowest electric bill possible each month.

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Renter’s Guide to Shopping Cheap Electricity

If you’re renting a home or apartment, you want your electricity to be reliable, affordable, and not something you have to think about. But, being a renter in a state that has electric choice, you have to think about your electricity or else your electricity plan could end up costing you big bucks.

The difference between the highest and lowest electricity rate plans can often be hundreds of dollars per month. Electricity providers have a wide variety of plans for you to choose from, and the choices get even more complicated when you have to consider the length of your lease.

How do you select the right electricity plan if you’re in a temporary living situation and you need to be flexible? Actually, renters have the same rights and the same choices as anyone when it comes to electricity plans. It’s not as complicated as you might expect.

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3…2…1…We’ve launched ElectricityPlans!

We are super excited to announce the official launch of ElectricityPlans.com! We serve the deregulated retail electricity markets in Texas, Ohio, and Connecticut with a fantastic choice of providers and plans in each market. Our mission is to give our customers the best variety and choice along with a stream-lined shopping experience when it comes to choosing an electricity plan for their home. We will continue to establish partnerships with the nation’s most reputable retail electricity providers and grow our reach to more deregulated states throughout 2017 and beyond.

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Energy Deregulation by State

Electricity deregulation is a relatively new phenomenon, although the idea of unregulated electricity is far from new.

When electricity utilities were just getting started, there were often multiple providers directly competing in urban areas. Over the years the redundant systems in a city were purchased by one company and consolidated into a single electric utility that provided service for all residents.

At first it seemed like a good idea since it brought all the infrastructure together and made regulating electric utilities much easier. However, by the 1980s utility companies were habitually raising rates and customers were bearing the increasing cost as best they could. Talk of deregulating both gas and electricity utilities started shortly thereafter, but little progress was made into restructuring until the 1990s. Both electricity and natural gas deregulation is now commonplace in the United States.

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