{"id":3029,"date":"2023-06-15T17:38:07","date_gmt":"2023-06-15T22:38:07","guid":{"rendered":"https:\/\/www.ohenergyratings.com\/blog\/?p=3029"},"modified":"2023-06-15T17:38:10","modified_gmt":"2023-06-15T22:38:10","slug":"ohioans-pay-higher-ptc-rates-in-june","status":"publish","type":"post","link":"https:\/\/www.ohenergyratings.com\/blog\/ohioans-pay-higher-ptc-rates-in-june\/","title":{"rendered":"Ohioans Pay Higher PTC Rates in June"},"content":{"rendered":"\n<h2><strong>How Much Does Your Ohio Electricity Cost Now?<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright size-medium\"><img loading=\"lazy\" width=\"225\" height=\"300\" src=\"https:\/\/www.ohenergyratings.com\/blog\/wp-content\/uploads\/2023\/06\/pay-higher-OH-PTC-rates-225x300.jpg\" alt=\"Higher default PTC rates started on June 1 Many electricity customers on their utility supply rate will pay double what they did in May. Learn how you can avoid sky high pricing!\" class=\"wp-image-3044\" title=\"How Much Does Your Ohio Electricity Cost Now?\" srcset=\"https:\/\/www.ohenergyratings.com\/blog\/wp-content\/uploads\/2023\/06\/pay-higher-OH-PTC-rates-225x300.jpg 225w, https:\/\/www.ohenergyratings.com\/blog\/wp-content\/uploads\/2023\/06\/pay-higher-OH-PTC-rates-230x307.jpg 230w, https:\/\/www.ohenergyratings.com\/blog\/wp-content\/uploads\/2023\/06\/pay-higher-OH-PTC-rates-350x467.jpg 350w, https:\/\/www.ohenergyratings.com\/blog\/wp-content\/uploads\/2023\/06\/pay-higher-OH-PTC-rates-480x640.jpg 480w, https:\/\/www.ohenergyratings.com\/blog\/wp-content\/uploads\/2023\/06\/pay-higher-OH-PTC-rates.jpg 512w\" sizes=\"(max-width: 225px) 100vw, 225px\" \/><figcaption><center><em>Higher default PTC rates began June 1. If you didn&#8217;t shop and switch providers, you&#8217;ll probably pay twice as much on your June electricity bills. Learn how much it will cost you and how to avoid it!<\/em><\/center><\/figcaption><\/figure><\/div>\n\n\n\n<p>As of June 1, you\u2019ll be noticing a drastic change to your electricity bills. If you are on the standard service offer or Price to Compare (PTC) for your area, your rates have gone up significantly. As a result, many Ohioans are worrying how much they will be paying now. And with a hot summer on tap, what if they can\u2019t pay the new higher rate? Because consumers in Ohio need to know, we&#8217;re going to go over how paying these higher PTC rates in June may affect you.<\/p>\n\n\n\n<h3>How Much Higher Will My PTC Rates Go?<\/h3>\n\n\n\n<p>On average, most companies are doubling their PTC rates, which will drastically affect your bills.<\/p>\n\n\n\n<ul><li>The <strong><a href=\"https:\/\/www.ohenergyratings.com\/companies\/dayton-power-light\">AES Ohio<\/a><\/strong> PTC rate <em>decreased<\/em> from 10.91 cents per kWh to 10.81 cents per kWh. <\/li><li><a href=\"https:\/\/www.ohenergyratings.com\/companies\/aep-ohio\"><strong>AEP Ohio<\/strong><\/a>  increased its rate from 7.49 cents per kWh to 11.84 cents per kWh.<\/li><li>The <strong><a href=\"https:\/\/www.ohenergyratings.com\/companies\/duke\">Duke Energy<\/a><\/strong> PTC has risen from 6.44 cents per kWh to 10.17 cents per kWh.<\/li><\/ul>\n\n\n\n<p> <em>Both AES Ohio and AEP Ohio rates rates will remain in place for the next year.<\/em><\/p>\n\n\n\n<p>All three <strong>First Energy<\/strong> utilities have increased their PTC rates:<\/p>\n\n\n\n<ul><li><strong><a href=\"https:\/\/www.ohenergyratings.com\/companies\/ohio-edison\">Ohio Edison<\/a><\/strong> increased its rate the most going from 5.88 cents per kWh, to 12.39 cents per kWh. <\/li><li><a href=\"https:\/\/www.ohenergyratings.com\/companies\/illuminating-company\"><strong>The Illuminating Company<\/strong><\/a> similarly increased its rate from 5.90 cents per kWh, to 12.40 cents per kWh. <\/li><li><a href=\"https:\/\/www.ohenergyratings.com\/companies\/toledo-edison\"><strong>Toledo Edison<\/strong><\/a> raised its PTC rates from 5.94 cents per kWh, to 12.41 cents per kWh. <\/li><\/ul>\n\n\n\n<p><em><strong>Duke Energy<\/strong> and all three <strong>First Energy<\/strong> utility rates will change on July 1. <\/em><\/p>\n\n\n\n<h3>What Will Your Bills Look Like?<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft size-medium\"><img loading=\"lazy\" width=\"300\" height=\"300\" src=\"https:\/\/www.ohenergyratings.com\/blog\/wp-content\/uploads\/2023\/06\/higher-default-PTC-rates-300x300.jpg\" alt=\"Higher PTC rates started June 1 for customers on their utilities default service. You June electricity bills could double.\" class=\"wp-image-3047\" title=\"Higher default PTC rates started June 1\" srcset=\"https:\/\/www.ohenergyratings.com\/blog\/wp-content\/uploads\/2023\/06\/higher-default-PTC-rates-300x300.jpg 300w, https:\/\/www.ohenergyratings.com\/blog\/wp-content\/uploads\/2023\/06\/higher-default-PTC-rates-1024x1024.jpg 1024w, https:\/\/www.ohenergyratings.com\/blog\/wp-content\/uploads\/2023\/06\/higher-default-PTC-rates-150x150.jpg 150w, https:\/\/www.ohenergyratings.com\/blog\/wp-content\/uploads\/2023\/06\/higher-default-PTC-rates-768x768.jpg 768w, https:\/\/www.ohenergyratings.com\/blog\/wp-content\/uploads\/2023\/06\/higher-default-PTC-rates-900x900.jpg 900w, https:\/\/www.ohenergyratings.com\/blog\/wp-content\/uploads\/2023\/06\/higher-default-PTC-rates-920x920.jpg 920w, https:\/\/www.ohenergyratings.com\/blog\/wp-content\/uploads\/2023\/06\/higher-default-PTC-rates-230x230.jpg 230w, https:\/\/www.ohenergyratings.com\/blog\/wp-content\/uploads\/2023\/06\/higher-default-PTC-rates-350x350.jpg 350w, https:\/\/www.ohenergyratings.com\/blog\/wp-content\/uploads\/2023\/06\/higher-default-PTC-rates-480x480.jpg 480w, https:\/\/www.ohenergyratings.com\/blog\/wp-content\/uploads\/2023\/06\/higher-default-PTC-rates.jpg 1080w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption><center><em>Ohio utility customers on their utility&#8217;s default service face higher PTC rates. That means they&#8217;ll probably pay DOUBLE on their June electricity bills. Shop now to avoid even higher prices in July!<\/em><\/center><\/figcaption><\/figure><\/div>\n\n\n\n<p>The average Ohioan uses around 892 kWh per month so we can easily calculate what you can expect to pay per month. We\u2019ll use <strong>Ohio Edison<\/strong>\u2019s price increase as an example, since it is the most drastic. <\/p>\n\n\n\n<p>In May, customers paid around $52 for the electricity that their home used. In June, customers can expect to see average electricity supply bills for about $110. This means that customers on the <strong>Ohio Edison<\/strong> SSO rate could pay total bills of around $156. That&#8217;s a drastic increase from their previous average of around $92.<\/p>\n\n\n\n<h3>Higher PTC Rates Delay Help With Bills<\/h3>\n\n\n\n<p>While these PTC rates are spiking sky high, many Ohio residents will struggle to pay higher bills. This has not only affected how many are requesting <a href=\"https:\/\/development.ohio.gov\/individual\/energy-assistance\/apply-now-energy-assistance-programs\">bill payment assistance<\/a>, but also how quickly that assistance is getting out. The <strong>Ohio Consumer\u2019s Counsel<\/strong> is pushing for <strong>PUCO<\/strong> to <a href=\"https:\/\/www.beaconjournal.com\/story\/news\/politics\/2023\/06\/06\/ohio-consumer-advocates-want-to-limit-utility-disconnections\/70289508007\/\">prevent shut-offs<\/a> due delayed assistance. It is currently unknown whether <strong>PUCO<\/strong> will back the request. However, it is important to note that Ohio utilities cannot disconnect a residence until 60 days of non-payment.<\/p>\n\n\n\n<h3>Better Options For Your Ohio Electricity<\/h3>\n\n\n\n<p>How do you avoid paying these high rates? You can <a href=\"https:\/\/www.ohenergyratings.com\/ohio-electricity-rates-by-city\">shop electricity rates<\/a> that are well below the PTC. Depending on your needs, you can find one-month to 36-month plans, all under your service area\u2019s PTC. Consider <a href=\"https:\/\/www.ohenergyratings.com\/resources\/10-quick-energy-saving-tips\">energy-saving tips<\/a> to keep your bills even lower during the summer months.<\/p>\n\n\n\n<p>Search and shop now for a lower rate today at <a href=\"https:\/\/www.ohenergyratings.com\">www.ohenergyratings.com<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Much Does Your Ohio Electricity Cost Now? As of June 1, [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":3046,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mbp_gutenberg_autopost":false},"categories":[43,9,44,103,66,104,102],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/3029"}],"collection":[{"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/comments?post=3029"}],"version-history":[{"count":9,"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/3029\/revisions"}],"predecessor-version":[{"id":3048,"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/3029\/revisions\/3048"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/media\/3046"}],"wp:attachment":[{"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/media?parent=3029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/categories?post=3029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ohenergyratings.com\/blog\/wp-json\/wp\/v2\/tags?post=3029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}