Best Savings In Youngstown OH
We’re fast approaching the gift giving season, so shouldn’t you gift yourself with cheap electricity rates? Right now you could save big if you made an Apples To Apples switch to the best long-term savings in town. But these rates may not last long, especially if we get a colder-than-normal winter. Here are the long term savings you should lock in now to save more!
Why Lock In Electricity Savings Today?
From now until the end of the year, the Ohio Edison PTC rate is 9.11 cents per kilowatt-hour (kWh). This means an average monthly supply charge of $77 if you use 846 kWh. While we don’t know how this rate will change in January, PTC rates typically rise after the New Year. On top of that, NOAA has predicted a La Niña which could lead to a colder-than-normal winter in Ohio. So, if you lock in savings now you could net big savings on your winter bills.
Best Long-Term Fixed Rates
Long-term electricity plans are great options if you’re not planning to move anytime soon. On top of this, locking in a 12 or 24 month plan by December, will secure savings that last until at least next winter!
For example, the Clearview Energy Clear Guarantee 12 plan charges 9 cents per kWh, which equals a monthly supply charge of about $76. Their Clear Guarantee 24 plan charges 8.9 cents per kWh, locking in an average $75 supply charge until 2027! In either case, their customers can find more value with shopping and dining discounts straight from the Clearview Energy rewards program.
On the other hand, the Public Power Electric 12 Month Fixed Rate with MRC plan charges 8 cents per kWh. There’s also a monthly recurring cost of $14.95. This equals an average monthly supply charge of about $82. The cheap rate makes this a better option if you use a lot of energy every month.
As a heads up, both these plans have a $150 early termination fee.
Lock In Short-Term Electricity Savings
Short-term plans are better options if you are planning a move later this year and don’t need a long term contract. They are also handy choices because they end just in time for milder temperatures when energy usage drops and prices go down.
For example, the Clearview Energy Clear Guarantee 9 Plus plan has a low 5.6 cents per kWh rate with a $19.99 MRC. So, customers would pay an average monthly supply charge of $67 ($10 less than the PTC). And if you lock in the savings now, the plan ends just in time for the fall shoulder month price season.
Is Now The Right Time To Shop?
It’s hard to predict exactly how much you could save with a new plan, but winter is coming and that usually leads to higher energy demand, higher prices, and higher bills. So shopping to lock in a new plan today could set you up for savings for the new year.
You can start your shopping right here at https://www.ohenergyratings.com. You can also drop by for news that could affect your bills.