Cincinnati and Dayton to See Higher PTC Rates
Summer is always one of the most expensive times of the year. Home cooling costs and this year’s hotter-than-normal summer have already led to rising bills. However, it may get worse with a PTC rate hike right around the corner. But how much will electricity rates rise and how can you save money this summer? Let’s take a look at why AES and Duke PTC Rates may jump this month.
How High Will PTC Rate Jump
Starting June 1, Ohio utilities factored in the PJM capacity auction prices to their rates. This meant their default electric prices rose just in time for summer heat. AES Ohio customers saw their rates rise by .0087 cents per kilowatt-hour (kWh) to 9.45 cents per kWh. Meanwhile, Duke Energy residential customers saw their PTC rates by 2.5 cents per kWh to 10.45 cents per kWh. This means a monthly supply charge of about $94.50 (AES) and $104.50 (Duke) for 1000 kWh of use.
Most of Ohio’s power comes burning natural gas. While Ohio does produce natural gas, natural gas prices are higher this year. Due higher energy demand and slackening production, natural gas rates are expected to keep rising in 2026. Similarly, Duke has also rolled out a new electric security plan (ESP) that will see their customer’s bills rise by an estimated $8.41 by May 31, 2028 for 1000 kWh of power.
Compare AES To Cheapest Electricity Rates
On the upside, these rate jumps only PTC customers. So, if you shop the competitive electricity suppliers now, you can lock in some great savings.
AES Ohio customers may want to check out Public Power and their Electric 12 Month Fixed Rate With MRC plan. This plan charges a rate of 7.69 cents per kWh. Under this plan, the supply charge is about $20 less than AES Ohio, just $76.90 for 1000 kWh.
Meanwhile, the Energy Harbor Safe Harbor Value 12 plan helps you support clean energy. The plan brings carbon-free power into your home for 9.09 cents per kWh. That’s a supply charge of $90.90 (almost $4 less than AES). On top of this, our readers rank Energy Harbor as having silver level customer service.
Beat Duke Electricity Rates
Duke Energy customers can save with the Public Power Electric 12 Month Fixed Rate With MRC plan. At 7.99 cents per kWh, that’s about $80 a month for 1000 kWh). This beats the Duke Energy PTC rate by over $24.
You may also consider Major Energy and their Secure Choice 12 plan. This plan has a rate of 9.19 cents per kWh. That equals a supply charge of about $92 for 1000 kWh, roughly $12 cheaper than Duke. On top of that, you can find more savings by taking advantage of the discounts from their rewards program.
Save With Cheapest Ohio Rates
By now, both AES and Duke customers are facing PTC rate jumps. However, you can avoid these higher prices by shopping for the best electricity deals in town. Be sure to start your shopping right here at https://www.ohenergyratings.com. We’re also your best source for news and tips that could affect your electricity bills.