Which AEP Ohio Power Company electric supplier had the best rate 5 months ago?
In February, we covered the best 24-month rate for AEP Ohio in Columbus. Our pick, the Public Power 24-Month Fixed rate plan, checked all the boxes you want when you switch electric suppliers to save money. It was inexpensive at 6.3 cents per kWh, had a $0 cancellation fee, and locked-in your low rate for an entire term of 24 months.
What does the Public Power 24-Month Fixed plan look like now?
Just 5 months later and our pick from February has changed quite a bit! Previously, Public Power helped Columbus customers save money with a rate of 6.3 cents per kWh; today that same electricity plan in AEP Ohio has actually gone down to 6.0 cents per kWh! That’s a decrease of over 4% which saves you about $32.22 per year compared to the rate in February.
This drop is a bit of a surprise considering prices tend to go up in summer. Additionally, the Energy Information Administration predicts a greater than 2.7% increase in electric prices through 2019. All this means now might be a great time to capitalize on this cheap rate and lock-in your savings for a full 2 years before rates go up.
Besides a great rate, the Public Power plan still maintains that $0 cancellation fee, which leaves you free to choose another electric supplier in Columbus at any time. And you still get the bonus of locking-in a low rate for a full 24 months.
What is the best 24-month rate currently available in Columbus?
Just like back in February, Public Power beats out the competition with the cheapest rate in Columbus to help customers lower their electric bills.
The North American Power 24-Month Fixed plan comes in a very close second with a rate of 6.1 cents per kWh and the same benefit of locking-in your rate for a 24-month term. Unfortunately, North American Power charges customers $10 per month remaining on a contract to cancel; that’s a fee that could cost you over $200!
Right now, these are the only two available plans from Columbus area AEP Ohio suppliers. While these are solid options with cheap electricity rates, if you are looking for a little more variety in your energy choice, you can expand your search to 12-month plans and compare as many as 11 more electric plans.
Compare Ohio electric rates at Ohio Energy Ratings to save more.
Finding the best electric provider in Columbus is as easy as entering your zip code and clicking “Shop.” When you use Ohio Energy Ratings, you can easily compare apples-to-apples because all the information is organized in one place.
Check out how the plans featured at https://www.ohenergyratings.com/electricity-rates compare to other AEP plans in Columbus and find the electric supplier that works for you!