Shop Lakewood Cheapest Fixed Rate Plans
New fall PTC rates have landed in the Lakewood area. That often means higher winter bills due to heating and energy demands. But even with this year’s super El Nino, we may see mid-winter cold snaps that raise bills even further. That’s why Illuminating Company customers are shopping now to find the best energy prices in town. Let’s explore the cheapest fixed rate plans, you can find and lock in, today!
Why Shop Fixed Rate Plans?
On October 1, the Illuminating Company PTC rose to 11.24 cents per kilowatt-hour (kWh). This means paying about $91 per month on energy supply for 816 kWh.
Ohio consumer may also see super El Nino come to town. The good news is that winter may be warmer and wetter than normal. However, late December and early January are usually when severe cold snaps rush down to Ohio.
The current rate lasts only until December 31. At this time, we can’t predict where PTC rates will be in the new year. But it suggests that homes on the default rate may need fire up their heat for longer right when rates increase. And that could only make for larger, painful bills.
In addition, FirstEnergy has asked to raise distribution rates starting next year. As you can guess, this could raise bills even higher. For example, Illuminating Company bills could rise by as much as $5.15 per month! So shopping for cheap rates today could lock in savings and help offset any distribution rate hikes that could come next year.
So locking in cheap fixed rates could offset potential rate hikes.
Cheap 12-Month Rates That Beat FirstEnergy
Locking in a 12-month fixed rate in time for November, could give you predictable pricing that lasts until winter of next year.
For example, the Energy Harbor Safe Harbor Value 12 plan charges 11.09 cents per kWh. This means a monthly supply charge of about $90 ($1 less than PTC rates). This brings carbon free energy into your home for slightly less than current PTC prices.
Best Short-Term Lakewood Fixed Rates
A 9-month fixed rate plan locked in for November, would last until September of next year. This means you could shop for a new rate during the fall shoulder-month season.
That’s why you might want to check out the Clearview Energy 9 month plans. First, their Clear Guarantee 9 plan charges 10.39 cents per kWh but comes without a monthly charge. This equals an average monthly supply charge of $84 ($7 less than PTC rates). However, if your home uses more than 1500 kWh per month, then you may want to consider the Clearview Energy Clear Guarantee 9 Plus plan. The plan also charges 8.39 cents per kWh with a $19.99 MRC. This equals a monthly supply charge of about $145 (compared to $168 under current PTC rates). The trick here is that the MRC charge is a flat rate. So, if you use more kWh per month, it affects your actual cost per kWh less.
Clearview Energy customers can find even more value with the shopping and dining discounts from their rewards program. However, keep in mind that the plan will renew to a monthly variable rate if you don’t switch or cancel at the end of the term length.
Shop Rates That Beat FirstEnergy
Nowadays, winters bring more uncertainty when it comes to your energy bills. That’s why it’s important to lock in the cheapest fixed rate before the first frost falls. You can always start shopping right here at https://www.ohenergyratings.com. You can also count on us for the tips and news that could affect your bills.