Compare the Best Electricity Suppliers in Toledo

We analyze, rank, and recommend the best plans from the highest rated providers in Toledo.

36 Month Fixed Rate
36 Month Home Power Plan
  • 8.19 ¢/kwh
  • $0.00/mo.
     MRC
    The 'MRC' or 'Monthly Recurring Charge' is a fee that the provider will add to each of your bills in addition to the electric usage charges.
  • 36 month
  • Fixed Rate
  • Non-Renewable
Variable Rate
Monthly Plan
  • 4.99 ¢/kwh
  • 16.0% under utility rate
    Compared to the current Toledo Edison rate of 5.9380¢ / kwh
  • $0.00/mo.
     MRC
    The 'MRC' or 'Monthly Recurring Charge' is a fee that the provider will add to each of your bills in addition to the electric usage charges.
  • 1 month
  • Variable Rate
  • Renewable
18 Month Fixed Rate
18 Month Home Power Plan
  • 7.99 ¢/kwh
  • $0.00/mo.
     MRC
    The 'MRC' or 'Monthly Recurring Charge' is a fee that the provider will add to each of your bills in addition to the electric usage charges.
  • 18 month
  • Fixed Rate
  • Non-Renewable
6 Month Fixed Rate
6 Month Home Power Plan
  • 6.19 ¢/kwh
  • $0.00/mo.
     MRC
    The 'MRC' or 'Monthly Recurring Charge' is a fee that the provider will add to each of your bills in addition to the electric usage charges.
  • 6 month
  • Fixed Rate
  • Non-Renewable

Average Electricity Rates & Usage in Toledo

In November, the average electricity rate in Toledo was 14.78¢ per kWh. The average households monthly electricity usage was 745 kWh, making the average bill around $110.

based on EIA Data as of May, 2023

36 Month Home Power Plan
  • monthly recurring charge $0.00
  • 36 month
  • Fixed Rate
  • Non-Renewable
  • Great Rate!
  • 3 years of bill stability
8.19¢ / kwh
855-798-9075
Price Protect 36
  • monthly recurring charge $0.00
  • 36 month
  • Fixed Rate
  • Non-Renewable
7.80¢ / kwh
My new gass co.
Good easy to use
  • Mike from Toledo, Ohio
  • April 10th, 2023
Billing & Account Management
Customer Service
Order Experience
Pricing, Plans, & Promotions
How likely are you to recommend?

Frequently Asked Questions About How To Best Compare Electric Rates in Toledo, OH

What Types of Contract Terms Can I Expect from Electric Companies in Toledo?

If you want to know the details about what to expect from a particular energy plan, then you should read the Electricity Facts Label (EFL). Your EFL will have specific details about your energy plan including the base charge for electricity, any additional fees, charges, and credits, and average rates for 500, 1000, and 2000 kWh of use per billing cycle.

While you should always look over you EFL before switching to a new electricity provider, you should also read the terms of service. It covers details about making payments, extra charges and fees, and other information you should be familiar with before making the decision to switch energy providers.

What Do Energy Plans Look Like in Toledo?

You can expect a wide-range of plans designed to cater to your household needs: Length: Prepaid, fixed rates, or variable rate plans.

Freebies: Free nights, Free weekends, A/C protection, Smart Thermostat, and bill credit plans. Renewable: 100 percent green energy plans Bundled: No gimmick, straightforward pricing with set rates.

When Is the Best Time of Year to Shop for Toledo Electricity Plans?

The simplest answer is that you should shop while energy rates are low. The key is to avoid changing providers when rates and demand are high, mainly in the months leading up to summer when providers are less certain about having access to energy to meet demands.

How can I find out my Toledo Electricity usage?

If you want to know your electricity usage, there are two ways.

The easiest and best way to understand your annual usage is to gather together your old electricity bills (or check out your billing history on-line) and see how much you used each month over the past year. Pay extra attention to the amount you used in the summer months as they will likely be the most expensive.

If you do not have access to your old bills, then you'll need to learn how to read your Ohio electricity meter. By learning how to read your dial, you can figure out your current energy use so you stay within your budget.

Why Does My Electricity Company Need to Know My Credit Score?

Much like any recurring service (cell phone, cable tv, etc.), electricity companies need to determine you are who you say you are, and that you will pay your bill on time.

When you sign up for electrical service in Toledo, you will need to provide your social security number and/or your driver's license.

You may also need to pay a deposit, depending on your credit. If you have a history of bad credit, then you will most likely need to put a larger deposit down. One away around that is to find a low deposit or bad credit option for electricity in Toledo.

How Does Tier Pricing Work in Toledo?

A Tiered electricity plan in $state_full allow you to pay a set rate for targeted amount of electricity use.

Tiered rates are a good option if you have consistent energy use in your home and can keep it within the pricing tier that works best for your electricity budget.

For most plans (though not all), you will have three options for pricing: 1 - 1000 kWh, 1001 - 2000 kWh, 2001+ kWh.

Typically, you receive a charge per tier. Meaning if you only use 999 kwh and the agreed rate for your plan is $83 for usage under 1000, then you will be charged $83 for energy use. If you use 1001 kWh, you would pay the rate for the second tier in addition to the first. And once you move passed the second tier, you would pay a fixed rate per kWh for any usage over 2000 kWh.

How Do Green/Renewable Plans in Toledo Work?

If you're looking for a renewable energy plan in Toledo, then you have plenty of options. You will easily find them backlit by a green background on our website. Whatever plan you choose, know that the energy that goes into your home may not be renewable. However, energy retailers will purchase 100 percent renewable energy to offset your energy use.

Which Electricity Provider Is the Best?

If you are looking for the best energy provider in Toledo, then you will want a company that impresses its customers. Our review process combines data over 6000 customer reviews taken from multiple sources to create a list of the best Ohio electric companies.

Why Is Reliant Energy the Highest Rated Provider in Toledo

Using a variety of data sources, we combine results and rate companies on a scale of 1 to 5 stars, 5 stars being the best. Currently, Reliant Energy ranks higher than the competition with 5 out of 5 stars. Gexa Energy follows with 4.88 stars and TXU with 4.87 stars. However, this could change over the course of the year, so it's important to check back in while you are shopping to see the best ranked electricity company in Toledo when you are ready to order electricity.

How Can I Switch Electricity Companies in Toledo?

People have had the power to choose since 1999, and switching energy providers has never been easier. Here's what you do: 1 - Enter your zip code in the box below. - Compare energy providers to find the best plan for your needs. 3 - Read customer reviews for your energy company. 4 - Switch providers

Who has the best electricity rates in Toledo OH?

The current best electricity rates in Toledo are provided by Chariot Energy, Constellation Energy, Pulse Power and Gexa Energy. These fixed rate plans provide rate stability and the providers are ranked as top 10 providers based on www.ohenergyratings.com rankings.

How much does electricity cost in Toledo?

The average cost for Electricity in Toledo is 7.5 cents per KwH for an average bill of $122.00 per month. Multiple factors can influence the rate and your electricity bill, including the term of your contract, your usage and your credit rating

Who provides electricity in Toledo?

Electricity in Toledo is provided by multiple retail electricity providers and delivered by Oncor Energy. They take care of the "poles and wires". Toledo residents choose their electrcity provider, and can choose the price, and the plan term; 3, 6, 12, 24, or even 36 months. They can also decide if they want a fixed rate or variable rate. They can also chose plans with high or low renewable energy content or select 100% green energy plans.

Fixed-rate plans offer plenty of stability and security with a set rate and set contract term. Variable-rate plans, change on a monthly basis based on market forces. Green Energy content reflects the amount of green generation such as wind or solar used to generate your electricity.

Ohio energy deregulation is what gives residents the power to choose their energy plan and provider. It gives people the opportunity to find the best options and the lowest rates.

Other information about electric service in Toledo

Known as "The Glass City" for its thriving glass industry, Toledo, Ohio is located in Lucas County (northwest Ohio) on the western shore of Lake Erie and not too far from the Michigan state line. With a population of almost 290,000, Toledo is Ohio's fourth largest city.

Toledo features a rich history and is full of cultural attractions, landmarks, and great things to do. Below is a list of attractions to take in next time you are in town.

High on the list is the Toledo Museum of Art, considered by many to be one of the world's best and featuring art from all over the world and from every time period. Also, admission is free. Next is the Toledo Zoo, which features the only underwater viewing of hippos in the country. Another famous museum close by is the National Museum of the Great Lakes, a maritime museum dedicated to the people, culture, and history involving the Great Lakes.

If you are a sports enthusiast, take the family to catch a game at Fifth Third Field to see the world-famous Toledo Mud Hens, the farm team for the Tigers.

And one last site for both kids and grownups alike, check out the Toledo Firefighters Museum to see Toledo's first pumper and other vintage equipment, uniforms, and antique fire toys.

Resources


City of Toledo Public Utilities website
Toledo Chamber Small Business Development
BBB of Northwest Ohio
PUCO Electric Consumer Information
PUCO Customer Service Phone Numbers

Toledo Zip Codes

Toledo Resources

About Toledo Ohio

History of Toledo

Toledo was among the larger parts that were controlled by the Wyandot and individuals from the Council of Three Fires which are historic tribes. In early 1680, the Frenchmen introduced trading spots in the region by taking advantage of the fur trade which was lucrative. It is also at this time when the Odawa moved from the Mountain Island and the Bruce Peninsula after an invitation from the French. There was a bustling trading point introduced by the French at Fort Detroit which is almost 6o miles towards the north. These visitors settled on an area that extended towards the northwest part of Ohio.

As of the 18 th century, there were many Odawa citizens living on the shores of River Maumee. These inhabitants were considered middlemen between the tribes that were on the north and west and the French. Central Ohio was occupied by the Wyandot while the Lenape and Shawnee occupied areas on the south side of Ohio.

Culture of Toledo

Toledo is home to several classical performing arts institutions which include the Toledo Jazz Orchestra, Toledo Opera, and the Toledo Symphony Orchestra, not to forget the Toledo Ballet. Additionally, the city homes an array of theatres and other performing arts institutions that include the iconic Valentine Theatre, Collingwood Arts Center, Toledo Repertoire Theatre, Ohio Theatre, and the Stranahan Theatre.

The Toledo Museum of Art is situated at the Greek Revival building that is in the city's Old West End hood. There is also a concert hall in the city called The Peristyle which is towards the East Wing constructed using a Greek Revival style. This hall hosts the Toledo Symphony Orchestra among other several international orchestras. When it comes to music, Toledo has rich history concerning music which dates back to the early-mid-20 th century.

Landmarks in Toledo

  1. Imagination Station

    This is a non-profit science museum strategically located at the Maumee riverfront in Toledo. The facility is equipped with more than 300 exhibits dedicated to children of every age. The museum was first opened in 1997 as COSI and after the tax levies failed in 2006, COSI shut its doors due to a lack of funds. The facility was later reopened in 2008 and started operating as the Toledo Science Center. You can locate this site at 1 Discovery Way, Toledo, OH 43604, USA.

  2. Toledo Botanical Garden

    This incredible garden is managed and owned by Metroparks Toledo. The park covered 20 acres initially that were donated by George P. Crosby. The garden has now expanded and covers 60 acres. You can access it at 5403 Elmer Dr, Toledo, OH 43615, USA.

Tourist Attraction Sites in Toledo

  1. Toledo Zoo

    Also known as the Toledo Zoo and Aquarium, the zoo is home to more than 10,000 animals from 720 species. The zoo is currently participating in more than 80 species survival programs. The zoo's address is 2 Hippo Way, Toledo, OH 43609, USA.

  2. Toledo Museum of Art

    This incredible company was founded in 1901 and it's considered an amazing glass-blowing demonstration that is free. It is in this place where you will find some incredible ancient artifacts. There is a small fee parking fee charged but it's worth it. The site's address is 2445 Monroe St, Toledo, OH 43620, USA.