Compare Toledo electricity rates and start taking advantage of energy savings in Ohio. Toledo is one of the many cities in Ohio that is located in a deregulated energy market. This means residents can select another electric supplier other than their utility company for supply or generation services. Lowering the supply rate on the electric bill can save 20% or more depending on current market conditions. If you change electric suppliers the utility company will continue to deliver electricity to your home or business.
The city of Toledo is located two hours west of Cleveland and has a population of just over 275,000 people. With an annual snowfall of over 30 inches, the city is subject to cold winters that can increase energy demand. Residents can protect themselves from rising energy costs by locking in a fixed rate.
Utility Companies in Toledo
Toledo Edison is the main utility company in the city that is responsible for maintaining and managing power lines that deliver electricity to homes and businesses. The delivery charge is regulated by the Public Utilities Commission of Ohio (PUCO) so customers will not be able to change to another utility company for this service.
Toledo Power Outages
If you experience a power outage, then you will need to contact the utility company. Toledo Edison is responsible for assuring the reliability of the power grid system in its service area. Thanks to modern technology potential power outages can be detected and diverted before they can occur.
- Toledo Edison Power Outage Number: 1-888-544-4877
Understanding Energy Choice in Toledo
If you’re new to energy choice, then selecting a new electric supplier for supply services might at first seem confusing. It is important to understand the difference between the delivery charge and supply charge.
- Delivery Charge – The delivery charge is the regulated section of the electric bill and is charged to the customer by the utility company. This charge represents the costs of maintaining the lines and wires used to deliver power to customers. Given the logistics involved, you will not be able to switch to another utility company.
- Supply Charge – The supply charge is the deregulated section of the electric bill. This represents the cost of generating the power the customer is expected to use during a period. Energy choice allows the customer to choose an alternate electric supplier and lower the supply rate on the electric bill.
Toledo residents didn’t always have a choice in choosing an electric supplier. Before energy deregulation, the utility companies had control over the generation, transmission, and delivery of power. The act known as Senate Bill 3 (SB3) passed by the Public Utilities Commission of Ohio (PUCO) in 1999 opened the door to outside energy suppliers to begin offering supply services to residents of Ohio.
Renewable Energy Options
Ohio implemented Renewable Portfolio Standards (RPS) in 2008. The RPS requires investor-owned utilities and retail electric suppliers to generate a set percentage of electricity from renewable energy sources. By 2026, 8.5% of all retail sales in the state have to come from renewable energy sources such as wind, hydropower, biofuel, and solar.
The RPS requirements have artificially created a market for renewable energy generation. More electric suppliers than ever before are offering customers energy plans that include 100% renewable energy. Just Energy and Constellation Energy are just two electric suppliers that offer green energy plans at competitive prices.
Comparing Electric Suppliers and Energy Plans in Toledo
Electric suppliers that provide supply services in the state have to be licensed by PUCO. There are plenty of electric suppliers for Ohioans to choose from. Knowing which electric supplier is right for you depends on the type of energy plan you select. Most people want the lowest rate possible. Oftentimes, energy providers that have the lowest rate one year, won’t have the lowest rate the next so it is important to always compare energy prices.
Fixed rates are the most common rate types chosen by customers. This isn’t surprising considering how volatile the energy market can be. Most people don’t like being surprised by a high electric bill. However, most fixed-rate plans come with an early cancellation fee that can cost $300 so be sure the agreement has expired before signing a new plan. Below are the pros and cons of the most popular energy plans out there.
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