Ohio offers a deregulated electricity and gas market providing residents and businesses with several competitive suppliers to choose from that offer lower rate options than the utilities. As an Ohio utility customer, you can compare rates and switch suppliers in order to get a lower rate on your electricity or gas bill. Ohio deregulated their natural gas industry in 1997, which was quickly followed by deregulating electricity in 1999. Energy consumers were able to take full advantage of these laws by 2001 and the competitive energy market has been growing ever since.
1. Compare. You will want to begin by comparing rates for either electricity or natural gas which we provide with our comparison tool. Once you have the list of options, you will want to decide if a short term or long term fixed rate plan is best for you or a variable plan or even a renewable energy plan.
2. Select a Plan and Enroll. Once you decide on the plan of your choice, simply select it and enroll. Your new supplier will then notify the utility and the utility notifies your previous supplier if you have one, so you don't have to do anything else. After your utility company confirms your choice for an alternative energy supplier, they’ll seamlessly make the switch with no disruption to your service. You can expect to see the new rates reflected in the “supply” portion of your bill within one or two billing cycles.
3. Save. It's easy to switch and there are plenty of benefits to doing so, which makes it a great time for you to join your neighbors in taking advantage of the energy choice program in Ohio. You can reduce your utility bills by up to 20% each month while still receiving your bill from the utility.
In the first quarter of 2013, the different utility company territories reported that anywhere from 25% to 85% of their customers had switched to a competitive retail electric service (CRES). Generally, the competitive retail electric service companies gained a bigger share of business and industrial customers, simply because big businesses that use a lot of energy tend to benefit the most by switching. What's more, a lot of the alternative electric suppliers’ advertising dollars and efforts are aimed at landing these big customers. However, the electric choice program and all its benefits are open to Ohio residents as well.