FirstEnergy Ohio Commercial Energy Pricing Overview
Overview
FirstEnergy provides commercial electricity to a significant portion of Ohio through its subsidiaries: Ohio Edison, Toledo Edison, and The Illuminating Company. In Ohio’s deregulated energy market, businesses can choose their electricity supplier, which helps them secure the most competitive rates. Understanding FirstEnergy’s current and historical rates, along with the market trends, is essential for businesses to make informed decisions.
Current Commercial Rates
The Public Utilities Commission of Ohio (PUCO) offers the “Apples to Apples” tool to compare FirstEnergy’s commercial electricity rates with other providers in deregulated areas. The tool is accessible on the PUCO Apples to Apples website and provides live updates on available offers, ensuring businesses get the best possible pricing options for their energy needs.
Historical Commercial Energy Rates
FirstEnergy’s commercial electricity rates have fluctuated due to changes in market conditions and state regulatory policies. Below is a table summarizing the commercial energy rates for 2019 through 2023 across its three main utilities:
| Year | Ohio Edison | Toledo Edison | The Illuminating Company |
|---|---|---|---|
| 2019 | $0.0512/kWh | $0.0591/kWh | $0.0505/kWh |
| 2020 | $0.0505/kWh | $0.0603/kWh | $0.0523/kWh |
| 2021 | $0.0538/kWh | $0.0612/kWh | $0.0545/kWh |
| 2022 | $0.0552/kWh | $0.0625/kWh | $0.0563/kWh |
| 2023 | $0.0581/kWh | $0.0640/kWh | $0.0571/kWh |
Cities and Towns Served by FirstEnergy
FirstEnergy’s commercial energy services are available in many deregulated cities and towns across Ohio. Below are some of the primary service areas for each utility:
- Ohio Edison: Akron, Medina, Mansfield, and surrounding cities.
- Toledo Edison: Toledo, Bowling Green, Sandusky, and nearby towns.
- The Illuminating Company: Cleveland, Ashtabula, and Mentor.
For a comprehensive list of cities and to compare available offers, businesses can visit the PUCO Electricity Provider Map.
Future Rate Projections
FirstEnergy is currently undergoing several regulatory cases that may impact future commercial energy rates. With market conditions and energy demand continuing to evolve, the company anticipates rate adjustments over the next few years. Businesses are advised to stay informed and consider long-term contracts to lock in favorable rates.
Stock Market Information
FirstEnergy Corp. is publicly traded on the New York Stock Exchange under the ticker FE. The company is headquartered in Akron, Ohio, and has a market capitalization of approximately $22 billion. FirstEnergy’s stock performance is influenced by regulatory changes, market conditions, and its ongoing investments in infrastructure. Businesses and investors can track the company’s financial performance through major stock platforms or the FirstEnergy Investor Relations page.
Contact Information for Rate Comparison
To explore competitive energy rates and find the best options for your business, you can reach out to Group Energy, a leader in commercial energy consulting:
- Phone: (402) 431-2646
- Email: support@groupenergy.org
- Website: GroupEnergy.org
Group Energy provides tailored solutions to help businesses of all sizes manage their energy costs efficiently and take advantage of Ohio’s deregulated energy market.