Shop Best Columbus Electric Deals Today
No one wants higher energy prices, especially after a cold and pricey winter. However, Columbus energy customers may see rising prices between now and July. But you could lock in some big savings today if you shop electric deals right now. So, let’s dig into some of the best electric deals apples to apples in Columbus.
Why Shop Columbus Electric Deals?
As of this March 29 writing, AEP Ohio PTC rates are 10.65 cents per kilowatt-hour (kWh). That adds up to a monthly supply charge of about $85 for 800 kWh of energy. But, on April 1, the AEP Ohio PTC rate will change. While we don’t know what the new rate will be, we anticipate that PTC rates will rise further and ratepayers will face higher summer bills.
Firstly, NOAA predicts above normal summer temperatures. That’s significant because heating and cooling accounts for over half of a home’s annual energy consumption. So Ohio homes that may need to run their AC systems longer to keep cool will likely pay bigger bills.
Secondly, PJM price auctions for 2026 could not line up enough generators to cover the biggest summer demand days. While a price cap blocked the price from reaching $500 MW-day, Ohio ratepayers still face a rate hike this summer. Last summer, the capacity auction raised Ohio utility PTC rates from 7.4 cents per kWh to 9.6 cents per kWh. A similar 2 cent rise could hike bills by 15%!
So, to avoid paying higher rates, it’s crucial to lock in a low rate now!
Best Short Term Electric Rates
Short term plans are great choices for anyone planning to move before the end of the year.
For example, the Clearview Energy Clear Guarantee 9 Plus plan offer 8.6 cents per kWh with a $19.99 MRC for nine months. For an average 800 kWh usage, that’s about $88.79 cents per month on supply charges. Locking in this rate now can save you money if PTC rates rise this summer. Plus, customers can find shopping discounts with their rewards program.
But, if you will be moving in the fall, then consider the Clearview Energy Clear Guarantee 6 plan. This 6 month plan powers costs 10.5 cents per kWh, about $84 for the monthly supply charge. This plan also gives you the option to shop fall shoulder month season rates.
Cheapest 12 Month Fixed Rate
If you don’t plan to move soon, then you should lock in a 12 month fixed rate plan now.
Start by checking out the Public Power Electric 12 Month Fixed Rate WITH MRC plan. This plan charges 9.6 cents per kWh with a $14.95 MRC, which means an average monthly supply charge of $91.75. While this doesn’t beat current PTC rates, it likely will if PTC rates jump 15% on June 1.
For similar reasons, you might also consider the Xoom Energy SureLock 12 plan. This plan charges 11.5 cents per kWh which equals a monthly supply charge of $92. Xoom Energy customers can take advantage of their rewards program to find more value with shopping, dining, and travel discounts. Columbus customers also rank Xoom Energy as a bronze tier electric company.
Lock In the Best Plan for You
Ohio ratepayers may likely see much higher bills this summer. So, whether you need a short or long term plan, the best way to save on those bills is to lock in a fixed low rate now. You can also shop for other great electricity deals right here at https://www.ohenergyratings.com.