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Cincinnati and Dayton to See Higher PTC Rates

Summer is always one of the most expensive times of the year. Home cooling costs and this year's hotter-than-normal summer have already led to rising bills. However, it may get worse with a PTC rate hike right around the corner. But how much will electricity rates rise and how can you save money this summer? Let's take a look at why AES and Duke PTC Rates may jump this month.

How High Will PTC Rate Jump

Starting June 1, Ohio utilities factored in the PJM capacity auction prices to their rates. This meant their default electric prices rose just in time for summer heat. AES Ohio customers saw their rates rise by .0087 cents per kilowatt-hour (kWh) to 9.45 cents per kWh. Meanwhile, Duke Energy residential customers saw their PTC rates by 2.5 cents per kWh to 10.45 cents per kWh. This means a monthly supply charge of about $94.50 (AES) and $104.50 (Duke) for 1000 kWh of use.

Most of Ohio's power comes burning natural gas. While Ohio does produce natural gas, natural gas prices are higher this year. Due higher energy demand and slackening production, natural gas rates are expected to keep rising in 2026. Similarly, Duke has also rolled out a new electric security plan (ESP) that will see their customer's bills rise by an estimated $8.41 by May 31, 2028 for 1000 kWh of power.

Compare AES To Cheapest Electricity Rates

On the upside, these rate jumps only PTC customers. So, if you shop the competitive electricity suppliers now, you can lock in some great savings.

AES Ohio customers may want to check out Public Power and their Electric 12 Month Fixed Rate With MRC plan. This plan charges a rate of 7.69 cents per kWh. Under this plan, the supply charge is about $20 less than AES Ohio, just $76.90 for 1000 kWh.

Meanwhile, the Energy Harbor Safe Harbor Value 12 plan helps you support clean energy. The plan brings carbon-free power into your home for 9.09 cents per kWh. That's a supply charge of $90.90 (almost $4 less than AES). On top of this, our readers rank Energy Harbor as having silver level customer service.

Beat Duke Electricity Rates

Duke Energy customers can save with the Public Power Electric 12 Month Fixed Rate With MRC plan. At 7.99 cents per kWh, that's about $80 a month for 1000 kWh). This beats the Duke Energy PTC rate by over $24.

You may also consider Major Energy and their Secure Choice 12 plan. This plan has a rate of 9.19 cents per kWh. That equals a supply charge of about $92 for 1000 kWh, roughly $12 cheaper than Duke. On top of that, you can find more savings by taking advantage of the discounts from their rewards program.

Save With Cheapest Ohio Rates

By now, both AES and Duke customers are facing PTC rate jumps. However, you can avoid these higher prices by shopping for the best electricity deals in town. Be sure to start your shopping right here at https://www.ohenergyratings.com. We're also your best source for news and tips that could affect your electricity bills.

Duke Energy Rate Hike This Summer

It's no secret that keeping cool and comfy can eat up our summer budget. But on June 1, Duke Energy is raising its Price to Compare rate. So, default service customers in the Cincinnati area will pay more to power their homes and business. So, let's see just how much more it may cost and how to avoid paying higher electricity rates.

Price To Compare Rate Hike

On May 1, Duke Energy revealed its standard offer service rate will rise to 10.445 cents per kWh on June 1, 2025. This rate hike is a steep one; 30% hike from the current 8.0174 cents per kWh. The rate is set to last through May 31, 2026.

With an average Ohio home using about 811 kWh of energy per month, the old PTC rate would mean a supply charge of about $65. But under the new rate, the supply charge surges to almost $85; about $20 more.

Likewise, the small commercial rate is rising by 22%. The rate goes from 8.9594 cents per kWh to 10.9549 cents per kWh. According to our estimates, small businesses could see supply charges for their first 2800 kWh of usage jump from about $250 to over $305.

Save With Fixed Electric Rates

As you can guess, this rate hike is a lot to deal with. However, there's still time to shop plans with the best electric supplier and lock in a fixed rate with before summer prices take off. Start now by shopping 3rd party plans that offer better than Price to Compare (PTC) electricity rates.

For example, the Public Power Electric 12 Month Fixed Rate With MRC plan charges 8.09 cents per kWh. This rate means paying about $65 on your supply charge for 811 kWh of power ($20 less than the June PTC). Best of all, Public Power doesn't charge an early termination fee. This makes it a great option if you plan to move later this year.

On the other hand, you can support green energy with the Major Energy Secure Green Choice 12 plan. This plan would charge you 9.19 cents per kWh, which means an average monthly supply charge of about $74 ($11 less than the June PTC). On top of that, you can find further savings with shopping and dining discounts from the Major Energy Rewards program.

But, with a hot summer on the way these rates won't last long! So, shop these deals plus others right now at https://www.ohenergyratings.com. You can also count on us for news and tips that could affect your electricity bills.