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|
Provider
|
Term Length
|
Rate at 1,000kWh
|
|---|---|---|
|
9 months
|
5.29¢
|
|
|
12 months
|
8.09¢
|
|
|
12 months
|
9.18¢
|
|
|
8 months
|
9.29¢
|
|
|
4 months
|
9.53¢
|
|
|
12 months
|
10.50¢
|
|
|
12 months
|
10.90¢
|
|
Provider
|
Term Length
|
Rate
|
|---|---|---|
|
1 month
|
9.39¢
|
|
|
36 months
|
9.72¢
|
|
|
6 months
|
10.44¢
|
Source: EnergyBot (updated daily)
In 1999, Ohio deregulated the state’s electricity market giving Columbus based businesses the power to choose their electricity provider. The deregulated market forced energy suppliers to be more efficient and to compete for customers – offering an opportunity for businesses of all sizes to compare energy plans from top energy suppliers and shop for the lowest energy rates.
In most cases, Cincinnati businesses that take advantage of the competitive market can more effectively manage their monthly electricity costs by switching energy providers, plans and rates, as needed.
The Public Utilities Commission of Ohio, known as PUCO, is the public utilities commission of the U.S. state of Ohio, charged with the regulation of utility service providers, including electricity, natural gas, and telecommunications. PUCO was created to assure Ohioans adequate, safe and reliable public utility services at a fair price.
In doing so, PUCO impacts every business in Cincinnati – as it regulates all providers of utility services, including electric and natural gas companies, local and long distance telephone companies, water and wastewater companies, rail and trucking companies. Recently, the PUCO gained responsibility for facilitating competitive utility choices for Ohio consumers.
As Cincinnati business owner, it is important to understand that PUCO is also synonymous with the “Apples to Apples” energy comparison charts.
Utilities are the entities in charge of the operation and maintenance of the energy infrastructure, like wires and towers. The local utility in Cincinnati, AEP Ohio, is responsible for transporting electricity from the generators to residential homes and businesses in this specific region.
Energy providers in Ohio, like Direct Energy and Constellation are the competitive energy retailers. Each energy provider buys energy from the wholesale market (the generators) and then re-sells it to consumers (homeowners, renters, and businesses).
In most cases, the consumer, the homeowner, renter, or business, signs a contract with an energy provider for a specific energy plan. The basic energy plan details the rate class, the energy rate per kWh, the contract term length (6, 12, 24, 36 months), and other contract terms like cancellation fee policy.
Energy choice, also known as energy market deregulation, allows Cincinnati business owners to select their energy supplier. Ohio has been a deregulated market since January 1, 2001.
In 7 years of working to demystify the energy industry, EnergyBot has helped over 100,000 customers. Whether you're looking to find the cheapest electricity rate, a stable contract that fits your budget, or plan for unique energy needs, we’ve been there to help. And we've gotten pretty darn good at it, with over 2,000 5-star reviews and millions in savings for our customers.
By pulling real energy usage data and sharing expert insights directly with you, we're empowering you to take control of your electricity bill. Whether that means cutting your monthly bill, improving energy efficiency, or both — we're always here to help.
Most importantly, we're here to help you save money. Not to sell you something you don’t need. We're paid a small commission fee by electricity providers when you sign a contract — not out of your rate. That means we can help you make the best energy decision for your home or business without taking a dime from your wallet.
