Compare Ohio Natural Gas and Electricity Rates For Your Business

Table of Contents

The Latest Ohio Energy Rates For Businesses

As of September 3, 2024, the average lowest electricity rate for commercial customers in Ohio is 7.23 ($.0723) cents per kilowatt-hour (kWh), which is 43% lower than the national average of 12.81 cents per kWh and the lowest natural gas rate commercial customers in Ohio is 5.5 ($.055) cents per therm

Shop For A Better Rate for Your Ohio Business

Ohio Energy Ratings is a licensed Ohio Energy Broker that allows you to compare business electricity rates and switch your small business electricity and natural gas supplier in minutes. You can order directly on our site, or, we can take your information and then negotiate with multiple energy companies who compete for your business. Either way, we make it easy for you to get a better deal for your business energy needs.

Energy Choice in Ohio for Business Electricity

The Ohio Energy Choice program means you have the power to choose your commercial and small business electricity rates in Ohio. Our commercial electricity marketplace allows you to compare Ohio electricity and Ohio natural gas prices apples to apples.

Ohio business electricity rates are some of the lowest in the US and change every month based on multiple factors, including weather and natural gas prices. It's always a good idea to check often. So, if you're starting a business or just want to compare commercial electricity rates and shop the market for a better rate, you could save thousands each year by shopping for a lower rate.

Shop for Business Electricity Rates

Rates as of Oct 10, 2024 at 08:24 PM

Rates shown are for the Columbus Ohio area.

How To Switch Your Ohio Commercial Energy Supplier and Save

Switching Energy Suppliers is easy and takes less than 5 minutes.

  • Click the "Compare Ohio Energy Rates" button below, then enter your zip code and compare offers available for your zip code
  • Pick a plan that meets your needs. We always recommend Fixed Rate Electricity plans ranging from 6-24 months.
  • Enter your business billing information. You will need to know your Utility Choice ID located on your electricity bill. (You can place an order without this and we will send you text and email reminders)
  • Your new provider will handle the switch request with your current provider and your local utility company
  • There is no interruption of service
  • The switch will occur on your requested date or the next meter read.

Compare Electricity Provider Plans

When you’re ready to start shopping, you should know what kind of plan you’re looking for and how long you want your new plan to last. Are you looking for a month-to-month variable rate or a fixed rate?

  • Variable rate plans are great if you use them as temporary, no-contract fixes between fixed rate plans. But their rates change each month and can spike.
  • Fixed rate plans keep the same rate for the length of the contract, which can run from 3 months to 3 years. That can shield you from price spikes but if market rates fall, you could be stuck paying higher rates.

Next, compare the lowest Ohio Commercial electricity rates so you can shop the best deals. Pick out a few plans and compare them to find the perfect one for you. Be sure to read the terms of service before you settle on one. Look out for things that may affect your rights and obligations as a customer. These include grace periods, early termination fees, late charges, and what happens when the plan ends.

How to Start New Business Electricity and Gas Service in Ohio

Moving to Ohio or starting a new business in Ohio? You will need to set up service with your local electricity and natural gas utilities

  • Personal Information: You will need your name, phone number, email address, your company EIN (for established businesses) or your Social Security number. These will be required.
  • Service Address: The address where you want electricity service turned on
  • Credit You may have to pay a security deposit, based on your (or your businesses) credit score

Will I Need to Pay a Deposit?

Your local utility company may check your current business or your personal credit worthiness to determine whether you will need to pay a deposit. To qualify, you'll need to provide the utility one of the following:

  • Have a prior account within the last two years with no more than two late payments or with no previous service disconnected within the last twelve months.
  • Be a credit-worthy property owner. It helps to know your credit score ahead of time.
  • Have a guarantor who is a customer with the utility company and can pay your bills within 60 days if you fail to do so