Ohio Edison Customers: What to Know About Upcoming Electric Rate Changes in 2024

Ohio Edison power lines in Ohio

As the summer of 2024 approaches, Ohio Edison customers are preparing for changes in electric rates and new challenges in energy management. Understanding these adjustments can help households and businesses make informed decisions about their utility bills and energy use.

Understanding the Ohio Edison Rate Increase

Starting June 1, Ohio Edison customers will experience a rise in electric rates under the standard service offer. According to a Cleveland.com report, the standard kilowatt-hour rate will increase to around 9.4 cents per kWh. This change applies primarily to those not enrolled in government aggregation programs or those using the utility’s default rate.

The Public Utilities Commission of Ohio (PUCO) recommends that all customers review their bills and compare pricing options. With Ohio’s open market, you have the opportunity to choose your electricity supplier. Comparing rates could save money during this time of transition. For tips and official information, visit the PUCO's official website.

Why Are Electric Rates Going Up?

Electric rates are rising due to changes in supply costs, a common trend for many Ohio utility providers this year. Ohio Edison, part of the FirstEnergy family, says these adjustments follow competitive auctions that set the market price for electricity. According to a letter from FirstEnergy Ohio’s president, the company is committed to enhancing reliability and customer service—even as costs shift.

The letter also highlights projects in Northeast and Central Ohio to improve local infrastructure, support for community programs, and efforts to keep customers informed about resources and upcoming changes.

Tips to Manage Your Ohio Edison Bill

With rising rates, managing your Ohio Edison bill is more important than ever. Here are a few practical steps:

  • Compare Electricity Suppliers: Explore different suppliers and offers using Ohio’s official resources. You might find lower rates or better terms.
  • Consider Budget Billing: Budget billing options can help smooth out seasonal spikes and make monthly bills more predictable.
  • Utilize Assistance Programs: If you’re facing challenges, PUCO and Ohio Edison both offer assistance programs for eligible customers.
  • Adopt Energy-Saving Habits: Simple steps—like adjusting your thermostat, unplugging unused devices, or using LED lighting—can reduce your usage and costs.

For more detailed guidance on reviewing your bill and comparing suppliers, check out this advisory for Ohio utility customers.

Ohio Edison’s Commitment to Customers

Ohio Edison remains dedicated to providing reliable service and supporting customers through these adjustments. From upgrading power lines to supporting community programs, the company is taking steps to ensure continued reliability and value. For questions about your electric service or to access customer support, you can visit FirstEnergy’s customer portal for the latest updates and contact information.

Conclusion

Upcoming rate changes mean it’s a great time for Ohio Edison customers to take a close look at their electric bills and explore available options. From comparing suppliers to enrolling in assistance programs, there are ways to stay on top of your energy costs. Stay informed, be proactive, and take advantage of the resources Ohio Edison and PUCO provide to navigate the new electric rate landscape in 2024.