In 1999, Ohio deregulated the state’s electricity market giving Columbus based businesses the power to choose their electricity provider. The deregulated market forced energy suppliers to be more efficient and to compete for customers – offering an opportunity for businesses of all sizes to compare energy plans from top energy suppliers and shop for the lowest energy rates.
In most cases, Cincinnati businesses that take advantage of the competitive market can more effectively manage their monthly electricity costs by switching energy providers, plans and rates, as needed.
The Public Utilities Commission of Ohio, known as PUCO, is the public utilities commission of the U.S. state of Ohio, charged with the regulation of utility service providers, including electricity, natural gas, and telecommunications. PUCO was created to assure Ohioans adequate, safe and reliable public utility services at a fair price.
In doing so, PUCO impacts every business in Cincinnati – as it regulates all providers of utility services, including electric and natural gas companies, local and long distance telephone companies, water and wastewater companies, rail and trucking companies. Recently, the PUCO gained responsibility for facilitating competitive utility choices for Ohio consumers.
As Cincinnati business owner, it is important to understand that PUCO is also synonymous with the “Apples to Apples” energy comparison charts.
Utilities are the entities in charge of the operation and maintenance of the energy infrastructure, like wires and towers. The local utility in Cincinnati, AEP Ohio, is responsible for transporting electricity from the generators to residential homes and businesses in this specific region.
Energy providers in Ohio, like Direct Energy and Constellation are the competitive energy retailers. Each energy provider buys energy from the wholesale market (the generators) and then re-sells it to consumers (homeowners, renters, and businesses).
In most cases, the consumer, the homeowner, renter, or business, signs a contract with an energy provider for a specific energy plan. The basic energy plan details the rate class, the energy rate per kWh, the contract term length (6, 12, 24, 36 months), and other contract terms like cancellation fee policy.
Energy choice, also known as energy market deregulation, allows Cincinnati business owners to select their energy supplier. Ohio has been a deregulated market since January 1, 2001.
Finding a new electricity provider in Cincinnati is simple with EnergyBot. Follow these simple steps to get the lowest electricity rate in Cincinnati.
Enter your zip code at the top of this page and you can quickly see plans from the top Cincinnati electric companies. For even better pricing use our data linking tool to pull in your historic usage from your utility.
Energy plans often have long confusing contracts. We don't like teaser rates and tricky terms, so we filter out the plans that trick customers into bill spikes. Each plan you see on our site has plan details. This breaks down the most important information about the plan into a way that is easy to understand.
Once you have decided on a new energy plan for your home business just follow the prompts to confirm. Once you're done, we give you dashboard to see the status of your contract.
Cincinnati energy providers offer rates and plans with a range of options and terms. While you will see many types of plans for the most part they are in two categories: fixed-rate and variable rate.
Fixed-rate plans will have a set price for the term of the contract. Regardless of weather, natural events, or market volatility, your rate will not change. In most cases, fixed-rate plans have a term length of 6, 12, 24, or 36 months. We recommend fixed-rate plans for most customers.
Variable-rate plan rates may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but present more volatility in pricing. Price changes may impact your monthly electricity bill in the form of price hikes. In most cases, we do not recommend variable-rate plans.
Cincinnati is located in southwestern Ohio along the Ohio River. The city was founded in 1788, named after the Society of the Cincinnati, honoring George Washington. As of 2017, Cincinnati became a major shipping center due to its location on the Ohio River, specifically for pork processing. Winston Churchill once called Cincinnati “the most beautiful of America’s inland cities.”
Today, Cincinnati is home to major corporations including Procter & Gamble, Kroger, and Macy’s. It is currently one of the fastest-growing Midwestern economies and best described as a “midwestern industrial city with a southern country feel”.
In Cincinnati, a wide variety of industries drive the local economy. These industries include manufacturing, wholesale and retail trade, insurance and finance, education and health services, government and transportation.
The city’s largest employer, The University of Cincinnati, has an economic impact of more than $3 billion.