Ohio Electric Rates Increase

The table below presents historical information about average residential electricity prices broken down by year and state this information comes from the u s.

Ohio electric rates increase. Retail residential electricity rates the amount you pay per kilowatt hour or kwh have risen across the nation about 15 over the last 10 years. What s my current electric rate. Duke energy provides detailed rate information to help you understand your energy bill. It is regulated by the public utilities commission of ohio puco and with 150 years of service under its belt the electric provider aims to create a smarter energy future for its customers.

Aep ohio offers many tips to help customers reduce energy usage to keep costs down report outages problems or manage your account. While ohio does have deregulated energy markets some areas of the state are still controlled by utilities. Energy information administration click on a column heading in the table below to sort the data. Stretching from the ohio indiana border to the new jersey shore the companies operate a vast infrastructure of more than 269 000 miles of distribution lines and are dedicated to providing customers.

The price you pay for electricity depends on numerous factors including but not limited to your location time of year consumption and market changes disruptions. Based on the information provided in an article written by midwest energy news earlier this month the recent increases of electricity rates in ohio seem to be cause by of the lack of competition. Duke energy ohio is a subsidiary of duke energy that p rovides electric and natural gas service to about 860 000 and 538 000 customers respectively. The average price a residential customer in the united states pays for electricity is 13 31 cents per kwh.

Natural gas prices are only likely to increase and as they do electricity rates will rise. Firstenergy s 10 regulated distribution companies form one of the nation s largest investor owned electric systems based on serving 6 million customers in the midwest and mid atlantic regions. This trend is unlikely to be disrupted in the future.