Ohio Electricity Rates

What Does Deregulation Mean for Ohio Electricity Prices?

Deregulation allows you to choose your electricity supplier. In 2001, Ohio deregulated the energy market, enabling more independent companies to sell their services. As a result, Ohio families are no longer forced to pay the market price for electricity.

When you choose a supplier, that company sets your electricity rate. Your utility company continues to provide uninterrupted service, and you continue to pay them. When you receive your bill, Shipley Energy appears as your supplier with your contracted price. There is no service fee for switching to Shipley Energy.

Benefits of Choosing an Electric Supplier in Ohio

An independent supplier can often offer lower Ohio electric rates than your utility company. Utility companies are required to pay the market price for electricity, and they pass on that cost to their customers. Independent suppliers have the freedom to purchase electricity at lower rates and share those savings with you.

When you choose a supplier, you’ll continue to work with your utility company directly for any billing or service issues. Choosing a supplier means you’ll benefit from lower rates without disrupting your relationship with your utility company or costing them any business.

By selecting Shipley Energy as your electric supplier in Ohio, you’ll get:

• Low rates: We monitor the market closely and buy when electricity rates are low to ensure you get competitive prices year-round.
• Fixed price options: You can choose a fixed-rate plan for a period of six, 12, or 24 months. During this period, your rate does not change.
• Unlimited 3% back: Through our Shipley Energy Rewards Program, you’ll receive 3% back on your electricity supply costs as a thank you for your business.
• Easy renewal: Opt in to our Worry-Free Renewal feature to avoid variable rates.

What to Consider When Shopping for an Electricity Plan

The right electricity supplier and plan depend on your specific needs. Consider these factors to help you make an informed decision:

• Rates: Your home electricity consumption is measured in kilowatts per hour (kWh). If your plan has a low kWh rate, you’ll likely pay less for your electricity.
• Total cost: The price of electricity that you see on your bill is calculated by multiplying your kWh rate by your electricity consumption. Delivery fees and other charges from the supplier are added to that number to get your total costs.
• Terms: Decide whether you want a fixed- or variable-rate plan.
• Additional benefits: Many electric suppliers in Ohio offer added perks like smart home products and green energy solutions.
• Supplier reputation: With so many suppliers on the market, it’s essential to choose an experienced, trusted supplier like Shipley Energy.

Why Choose Shipley Energy As Your Ohio Electric Supplier?

With a vast energy market, residential customers have many choices when it comes to their electricity supply. While there are many reputable suppliers, some take advantage by offering customers unfavorable terms.

At Shipley Energy, we provide straightforward, transparent service to all our customers. We are a top choice among Ohio homeowners thanks to our:

• Experience: Having been in business for over 90 years, we offer the unique stability that comes with decades of experience.
• Transparency: At Shipley Energy, we make it easy for you to understand how deregulation affects your electricity supply. You can contact us to speak with a specialist who will guide you through the process, and we have many online educational resources. You can also visit us online to check electric rates throughout Ohio, allowing you to compare costs to find the best deal.
• Integrity: As a local, family-owned business, we understand the needs of Ohio families. We go above and beyond to deliver reliable, affordable electricity that meets all your requirements.

What Affects Electric Prices in Ohio?

There are numerous factors that contribute to the costs you see on your electric bill, including:

• Fuel costs: Because fuel provides the energy necessary to create and deliver electricity, fluctuations in fuel costs directly affect electricity costs.
• Power plant expenses: Electricity is produced in power plants. The costs associated with building, operating, and maintaining those power plants are reflected in electricity prices.
• Transmission and distribution prices: The expense of transmitting and distributing electricity to your home is factored into your utility bill.
• Usage: Your consumption patterns are a determining factor in how much you pay for electricity. The more you try to conserve electricity, the more money you’ll save.
• Summer heat: With increased air conditioning use and electric demand due to warm temperatures, you’ll likely pay more for your electricity during the summer months.

Sign Up Today

Shipley Energy has been serving homes like yours since 1929, and we welcome the opportunity to show you the energy savings and security you can enjoy with us. Compare rates and contact us directly to start working with one of the best Ohio electricity providers.

Ready to get started? Contact Shipley Energy to speak with a team member, or open a free online account to check current electricity rates in Ohio. In addition to electricity, we also offer our customers a range of value-added services, including HVAC preventative maintenance and equipment installation, backup generator repairs and maintenance, and more.

We are your partner for all your fuel and energy needs. Browse our website to learn more about our history, values, and service offerings.

Moving to Ohio?

If you’re moving to Ohio, getting set up with the right electric supplier is probably one of many things you’re dealing with. While it may not seem like the most important decision you’ll make in the process, spending some time investigating the state’s deregulated energy market can help you make an informed choice and avoid getting locked into an expensive, long-term contract.

Shipley Energy works with two of Ohio’s largest utilities:

• Dayton Power & Light: Dayton Power & Light serves a large portion of West Central Ohio, including, as the name implies, Dayton and its surrounding metropolitan area. It was founded in 1911, and today, it provides electric service to an estimated 500,000 customers.
• Duke Energy: Duke Energy Ohio is a subsidiary of Duke Energy operating in the southern portion of the state, along with neighboring Kentucky. It provides electricity for more than 860,000 residential, commercial, and industrial customers, and natural gas service for an additional 538,000.

If Dayton Power & Light or Duke Energy serves the area you’re moving to, you’re in luck — you can benefit from Shipley Energy’s electric pricing plans.

How It Works

Choosing an electric supplier isn’t the same as choosing a utility company. In a deregulated market, suppliers buy electricity from a generation company, while the utility distributes it and handles the billing, infrastructure maintenance, and any issues that come up. Our role as a supplier is to get great rates for our customers and provide flexible pricing plans that work for any budget.

All you need to know to check pricing with Shipley Energy is your ZIP code and the name of your utility company. With that, you can look closely at your options and decide based upon a variety of criteria — including rate, term length, cancellation fees, and more. Compare Shipley Energy’s plans against other Ohio electric suppliers, and we’re convinced you’ll see the value in working with us.

Choosing a Supplier in Three Steps

Choosing Shipley Energy as your electric supplier is easy — once you’ve reviewed your options and settled on the best plan:

1. Call or sign up online
2. Review and agree to the price plan
3. Receive confirmation of enrollment

We will get in touch with your utility provider directly and initiate the change. There’s no additional paperwork, no service delays, and no hidden fees.