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If you’re with AEP Ohio, there’s a good chance you’re paying more for electricity than you have to.
But here’s the upside: because Ohio has a deregulated energy market, you’re free to shop around and pick your own electricity supplier. That means you don’t have to stick with AEP Ohio’s default rate, known as the Price to Compare (PTC). By taking a few minutes to explore your options, you could find a lower rate that cuts down your bills or helps you lock in something more predictable for the long term.
In short - switching suppliers could help you save hundreds of dollars each year.
The American Electric Power company is a leading electric utility company serving over 1.5 million residential customers in central and southeastern Ohio. As a subsidiary of American Electric Power, AEP Ohio is committed to providing reliable and efficient electricity services to its customers. With its headquarters in Gahanna, OH, AEP Ohio is dedicated to delivering exceptional customer service and promoting energy efficiency throughout the state.
AEP Ohio’s Price to Compare is the default rate Ohio residents pay if they don’t shop around. While it’s a convenient option, it’s not always the most affordable. This rate is reviewed and approved by the Public Utilities Commission of Ohio (PUCO) and changes periodically. This means that while it may seem manageable now, the default electricity rate could rise without warning. The competitive market in Ohio often offers better rates, which means you’re potentially overpaying if you stick with AEP Ohio’s default.
For example, if AEP Ohio’s PTC is 10.20 cents per kWh and you find a supplier offering 7.80 cents per kWh, the savings can add up fast. Over time, these small savings make a big impact on your electricity bill.
AEP Ohio handles the delivery of electricity to your home and maintaining the infrastructure. Their job is to make sure power gets to your home and to response to outages and hardware issues.
However, they don’t generate the electricity themselves. That’s where the deregulated market comes in—you can shop around for your supplier, while AEP Ohio continues to handle delivery, ensuring that your power stays on no matter which supplier you choose.
AEP Ohio serves a vast territory in central and southeastern Ohio, including major cities and rural areas. The company is jointly managed with Columbus Southern Power, and together they provide electricity services to over 1.5 million customers.
As an AEP Ohio customer, you can choose from a range of service providers, including AEP Ohio itself, to supply your electricity. This allows you to compare rates and plans to find the best option for your energy needs and budget. When selecting a service provider, it’s essential to consider factors such as price, customer service, energy efficiency programs, and renewable energy options to ensure you’re getting the best value for your money.
Before you start shopping, check your latest AEP Ohio bill. Look for the Price to Compare—this is the rate you’re currently being charged for the electricity supply. Use this as your benchmark to find a better deal.
You can also use your account number listed on a recent energy bill to identify your rate zone and compare it with other available rates.
Now that you know your current rate, it’s time to shop around for a better deal. Using a comparison tool like EnergyBot, you can find various suppliers offering electricity plans in AEP Ohio’s service area.
Key things to look for:
Once you’ve found a plan that works for you, switching is easy. The new supplier will handle the changeover, and you’ll continue to receive power from AEP Ohio without any interruption. The only difference? A lower bill.
Here’s an example of how switching could save you:
Monthly Savings: ($0.1020 - $0.0780) x 1,200 = $28.80/month, or over $345/year!
Keep an eye on your contract. If you switch to a fixed-rate plan, make sure you know when it ends. Suppliers often switch you to a variable rate once the contract is up, which can mean higher bills. Stay ahead of the game by shopping for a new plan before your current one expires—that way, you keep getting the best rate possible.
If you don’t switch, you’ll continue paying AEP Ohio’s fluctuating PTC. While this might be convenient, you could be missing out on lower rates from other suppliers. The PTC is tied to market conditions, so it’s likely to increase at some point, meaning your bills could go up unexpectedly. By locking in a lower rate with a different supplier, you can protect yourself from rising prices.
Customers are encouraged to explore their options to find a better and more suitable rate for their energy usage..
One of the biggest concerns customers have about switching Ohio power suppliers is whether their electricity service will change or be interrupted.
The short answer is, No. You will not experience any service interruptions when your switch energy providers. Switching providers typically takes a few business days of processing, but most folks don't even notice the change until a new provider name shows up on their next energy bill.
Rest assured, AEP Ohio will still handle the delivery of your electricity, maintain the local Ohio power lines, and respond to outages. The only thing that changes is who supplies the electricity—and how much you pay for it.
The Ohio energy market is highly competitive, with multiple providers offering a range of plans and rates. As an AEP Ohio customer, you have the freedom to choose your own electricity supplier, which can help you save money on your bills. AEP Ohio’s Price to Compare (PTC) rate is a useful tool for comparing prices and finding the best deal. The PTC rate reflects the cost of generating electricity and is updated periodically to reflect changes in market conditions. By shopping around and comparing rates, you can find the best option for your energy needs and budget, and potentially save money on your electric bills.
Any time third party providers have a cheaper rate than the Price to Compare, it’s a good time to save on your electric bill. Finding a lower rate can help improve your overall energy efficiency and reduce costs. Even a 5% decrease in your monthly bill can stack up over the course of a year.
Don’t keep paying more than you need to. Take a few minutes today to compare rates and switch to a better electricity plan. Start comparing AEP Ohio electricity rates with EnergyBot to find the best deal and start saving immediately.
Whether you're looking to lower your monthly bill or lock in a rate that gives you peace of mind, switching suppliers is a smart move for any AEP Ohio customer.
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