Shop to Beat Summer Cincinnati Rates
Summer is almost here and that could mean bad news for Cincinnati electricity bills. Recent short-term forecasts predict hotter than average temperatures this summer. This means you’ll likely spend more money on staying cool and less enjoying your summer plans. But how can Duke Energy customers beat PTC rates and lower their bills? Let’s dig into a few great tricks to avoid high priced summer Cincinnati electricity rates.
Will Cincinnati Rates Rise?
NOAA predicts that Ohio may face a hot and rainy summer. So, Cincinnati homes may end up firing up their air conditioners a lot sooner than usual. On top of that is that PJM generator price hikes from last year’s sky-high capacity auction will take effect June 1. One Ohio city estimates that electricity customers in the state face increase running from 10% to 15%. That’s about 2 cents per kWh more.
As a result, the average bill for Duke Energy PTC customers may rise to more than 11 cents per kWh on June 1. Plus, tariffs have caused a lot of uncertainty in the market and could spike in the future.
With rising Ohio energy prices coming and even more uncertainty looming, it’s important to take more control of your expenses while you can. That’s why you should shop today for the cheapest electricity rates.
Recommended 12-Month Fixed Rates
We suggest signing up for a 12-month fixed-rate plan. If you lock in one of these plans in time for May, it would last until the 2026 spring shoulder month. In other words, you secure predictable bills and the plan ends when rates tend to be low again.
The Public Power 12 Month Fixed Rate With MRC plan, for example, has a rate at 8.69 cents per kilowatt-hour (kWh). This mean s if you use 811 kWh of energy per month, you would pay just over $70 on the supply portion of your bill.
On the other hand, Major Energy offers the Secure Choice 12 plan for 9.19 cents per kWh; about $74 per month supply charge. You could also order their Secure Green Choice 12 plan to power your home with clean energy for 9.39 cents per kWh; about $76 per month. Their customers can find more savings with shopping and dining discounts from their rewards program.
You should also check out Santanna Energy Services. Their Fixed-Rate Electricity 12 plan runs 9.49 cents per kWh. That’s about $76 per month. Customers have the chance to win gift cards and other prizes from their giveaways.
Finally, be sure to check out the APG&E TrueSimple 12 plan. Their 9.66 cents per kWh rate means an average monthly supply charge of about $78. Their customers also get value with a $100 gift card offer.
Keep in mind that, except for Santanna Energy Services, these companies do not charge early termination fees. This makes those plans great options, especially given current economic uncertainties.
Avoid High Priced Cincinnati Summer
A high-priced hot and humid summer may be right around the corner. Don’t let price hikes catch you napping. Shop today to lock-in a cheap 12-month rate right here at https://www.ohenergyratings.com. We’re also a great first step for tips and news that could affect your bills.