Find Best Tips Choose Energy Supplier
Do you know how to get the best energy deals for your home? Don’t worry if you don’t, because we can give you some fast tips to shop for the cheapest electricity rates in Ohio. All you have to do is follow these easy tips in this guide so you can choose your own energy supplier.
Easy Tips For Energy Supplier Shopping
#1: Know the PTC Rate
Unless you switch to an energy supplier, you will pay your local utility’s Price to Compare (PTC) rate. So make sure you find this out. Once you know the PTC rate, you’ll compare it to energy supplier rates to find the biggest savings. For example, AEP Ohio customers currently pay a PTC rate of 10.65 cents per kilowatt-hour (kWh).
#2: Know when the PTC rate changes
PTC rates don’t last forever. In fact, they often change twice a year (usually June 1 and October 1). You can use this info to help you shop ahead and claim cheap rates before expected price hikes. For example, AEP Ohio‘s rate will change on March 31.
#3: Consider what you need
Before you shop, be sure to know what you want from your perfect electricity plan. For some customers, having the cheapest rates isn’t the only thing they care about. For example, you may want to power your home with renewable solar or wind power. Or, you might also want to look at customer rewards programs like shopping and dining discounts or airline miles programs. Rewards programs can often offset a plan’s slightly higher price per kWh.
Tips To Shop Energy Supplier Plans
#4: Compare Plans To the PTC
Once you find a plan or few that you like, compare their rates to the PTC and see which is better for you. The best way to do this is to compare rates with your average monthly energy usage.
For example, most Ohio homes use an average of 846 kWh per month. This means the average AEP Ohio PTC supply charge runs about $90. But you would only pay about $74 per month with the APG&E True Simple 4 plan ($16 less) at 8.8 cents per kWh for four months.
#5: Compare Plans Together
By now, you’ve likely found a few plans that are worth considering. So stack them up and see which ones are best for you. Plans that offer shopping discounts might not cut your utility bill. But, they can help save you money in other ways. Similarly, short term residents like seasonal workers or college students should look at short term plans (less than 12 months). While these plans can sometimes cost more per kWh, they offer customers a way to avoid expensive early cancel fees.
#6: Read the TOS
Reading the terms of service (TOS) before you choose a plan can save you all kinds of trouble. For example, some plans may automatically renew into a variable monthly rate after your initial term ends. Others may impose high early cancel fees if you need to leave before the plan ends. You can find a plan’s terms of service on our site as you shop.
Ohioans Shop Electricity To Save
Shopping for energy suppliers may take up some time, but the work you put in today can save you big in the months to come.
You can always start your shopping right here at https://www.ohenergyratings.com. You can also count on us for more tips and news that could affect your bills.