How to Save on Your Electricity and Gas Bills in Ohio:

Many Ohioans may not realize they have the power to choose their electricity and gas suppliers. Ohio operates an open market for energy supply, allowing consumers to shop around for the best rates. This flexibility can lead to significant savings, especially if you've been using the same supplier for years or defaulting to Duke Energy’s rates, which may not always be the most cost-effective option.

Ohio's energy market separates supply from delivery. The local utility, like Duke Energy, manages infrastructure and delivery, while you choose the supplier. Despite this flexibility, many customers remain unaware of the potential savings and continue paying more than necessary.

The "Apples to Apples" tool from Energy Choice Ohio makes it easy to compare rates, contract terms, and fees. By visiting the website, you can quickly view available suppliers and their offerings. Comparing options helps you find the best deal and avoid costly surprises.

Fixed rates offer price stability for a set term, often 24 to 36 months, making it easier to budget. Locking in a low fixed rate can be especially advantageous if the contract includes no cancellation fees, as it allows you to switch if rates drop. In contrast, variable rates fluctuate with the market. While they might start lower, they can spike during periods of high demand, potentially increasing your costs.

Pay close attention to your contract duration. Suppliers often raise rates significantly when a contract expires. Tracking your expiration date and shopping for a new rate beforehand can help you avoid sudden increases. Additionally, reviewing early termination terms can prevent unexpected fees if you decide to switch suppliers mid-contract.

Understanding your energy bill is essential for comparing rates. Look for the section that lists your current supplier and the rate you're paying, often labeled as the "Price to Compare." This rate, shown as a cost per kilowatt-hour (kWh) for electricity or per cubic foot/therm for gas, allows you to directly compare your current plan with others using the "Apples to Apples" tool.

Taking control of your energy costs doesn't have to be complicated. By exploring Ohio's open energy market, learning the differences between fixed and variable rates, and using the "Apples to Apples" comparison tool, you can make informed decisions that may lead to substantial savings. Visit Energy Choice Ohio today to compare rates and take advantage of the market.

Duke Energy has a page walking you through your Utility Bill, but if you want to talk through this, feel free to contact me.