Ohio Natural Gas has a customer rating of 2.3/5.0 stars (this is out of 5 reviews). This score is calculated by averaging the total number of reviews in our website.
The most affordable electricity plans in Hamilton, Ohio are:
How much do electricity plans cost per month?
The monthly bill will vary by season (with the winter and summer seasons being the more expensive periods) and the size of your home. In 2022 in Hamilton, Ohio, the average electricity plan rate is 7.8¢/kWh. On average, that means
A small home will use around 500kWh of energy times 7.8¢/kWh totalling $39 per month.
An average-sized home will use around 1000kWh of power times 7.8¢/kWh totalling $78 per month.
A large home will use around 2000kWh of power times 7.8¢/kWh totalling $156 per month.
You can price electricity plans in your area here.
Dominion Energy is seeking is a substantial gas rate increase on its delivery charges to your monthly bills. Find out what you can do to pay less!
On April 2, PUCO is holding a public hearing about the proposed Dominion Energy rate increase. With the rising cost of living across the US, this does spark some concerns. The Ohio Consumer’s Council (OCC) is opposing the rate increase for several reasons. Because of its size, we’re going to talk about why Dominion is seeking a rate increase, and how it may affect your natural gas bills.
Cost Recovery Is Hiking Gas Rate
This rate increase is asking around 30% more for distribution costs. This for the infrastructure and not the cost of the gas itself, which is at a significant low right now. Dominion has put in a substantial amount of money into its systems, however, this hike would add about $100 extra to your natural gas bill every year. But, Dominion hasn’t asked for a rate increase since 2007. And I think we all agree things now are very different than they were back then. On the other hand, $100 extra every year is a lot of money. And that’s not everything Dominion wants to change.
Gas Rate Hikes And Fee Increases?
In addition, Dominion also wants to add more riders and fees to their bills. So not only is there this 30% transmission increase, but Dominion is seeking a 10 year fee-increase schedule. This would start off easy, at a little $2.95 additional charge, but could balloon up to an additional $29 every month by 2032. This means that by 2032, your bills may increase by $448 per year.
The OCC Sticks Up for Consumers
Back when these changes were announced, Dominion opened up an option for a public discussion, which will take place on April 2nd. The OCC is very much against these rate increases and has filed its opposition. You’ll also have a chance to let Dominion know how you feel about these changes. And there’s still time to lessen the blow of Dominion’s price increases. You can check out Ohio natural gas prices and see what beats the Dominion price to compare. Just because transmission rates may increase doesn’t mean your bills have to on top of that. Shopping around for the best deal is going to be incredibly important if these increases pass.
Keep An Eye On Ohio Gas Rates
Be sure to keep an ear out for what rate increases may be coming your way. While these increases haven’t passed yet, it is likely a rate increase will happen in the near future. We’ll keep you updated on all the latest natural gas news. But if you’re looking to get ahead of the curve, make sure you shop around at www.ohenergyratings.com for the best deals.
Cheap natural gas is lowering your gas utility bill. Find out why and how you can lock in that cheap price for the long term!
It’s not a trick. Lower natural gas utility rates are coming for many Ohio homes this April 1. The April 2024-March 2025 Retail Price Adjustment (RPA) is here. Don’t know what that means? The RPA helps set the price of gas on your utility bill. And to shop the cheapest natural gas plans, it's important to understand how it works. So, we’re covering how the standard service adders are determined, and how those changes affect each gas company.
How RPAs Affect Your Natural Gas Utility Bills
In Ohio, natural gas utilities are required to offer a standard choice offer (SCO). This is for anyone who chooses not to pick a third party supplier. Their rates are based off of the market price of natural gas, as well as the transport and delivery of natural gas to your home. The RPA is determined through annual auction. Each month afterward, that amount is added to the NYMEX price of natural gas. This amount becomes the gas utility's SCO price. If you watch NYMEX natural gas prices, you'll see that they can change every few months.
Natural Gas Rates Are Falling
Natural gas has been much cheaper than 2023. As a result, several natural gas companies have slashed their RPAs. Dominion Energy leads the pack with a nearly 50% reduction, going from $0.039 cents per ccf to $0.020 cents per ccf. Now, that doesn’t seem like a lot. But when the average Ohio home uses around 100 ccf of natural gas per month, that small amount can add up over time.
Ohio gas utility SCO rates follow the NYMEX rate. Instead, enjoy stable pricing and savings when you shop long term fixed priced plans.
Meanwhile, the Columbia Gas RPA isn’t as drastic. With only a $0.02 cent per ccf reduction, you won’t be seeing much of a difference in your bills outside of the price drop. The RPA is currently at $0.18 cents per ccf, and is lowering to $0.166 cents per ccf. While this isn't a huge drop, you should still see some bill reduction.
Vectren (Centerpoint) is the big outlier here. While the other big players in Ohio have lowered their RPAs, Vectren customers will find theirs raised from $0.10 cents per ccf to $0.13 cents per ccf. Again, we’re not talking about big changes here. So while it is a 30% increase, it’s not a huge disaster.
Your Natural Gas Utility Bill Will Change
Currently, the average gas utility bill for Ohioans averaging around $217. But natural gas prices are falling to near record lows. Because the SCO can change every few months, the best way to cut your gas bill for the long term is to shop and compare natural gas rates. With long term plans as low as $0.49 per ccf all across Ohio, you can find the perfect one for home. Check them all out at www.ohenergyratings.com
