Compare Lorain, OH electricity rates and plans (April 2025)

Best Lorain, OH electricity rates

In the city of Lorain, you can find electricity rates that range from 5.94 cents to 35.07 cents per kWh. The best electricity plans in Lorain for you depend on how much power you use and when you use it. Comparing companies is the best way to find better rates. Below are some rates from popular electric companies in Lorain.

Because Ohio has a deregulated electricity market, Lorain residents have the flexibility to shop around for a cheaper electricity bill. Many states don’t offer this choice. If you’re looking to reduce your energy bill, consider switching to a different provider or plan. Lorain electricity providers offer different types of plans for residents and businesses to satisfy a range of needs.

Average cost of electricity in Lorain, Ohio

According to our data, the average electricity rate in Lorain is 13.05 cents per kWh. This equates to an average residential bill of $109.10 per month. Our data also shows the average resident in Lorain uses 836 kWh per month. Below, you can see how Lorain's electricity rates compare to the averages in Ohio and the United States.

Since the average price is 13.05 cents per kWh or $109.10 per month for residential electricity, prices lower than these can be considered affordable. Electricity rates in Lorain, Ohio depend on your home size and usage, so the kWh rate is more useful when comparing your rate to the average.

Best electricity plans

We've analyzed the prices, terms, and conditions of popular Lorain electricity plans. Below are our picks for the best residential plans in the state.

Provider	Contract Term	Rate	Plan
	18 months	6.49¢/kWh	See Plan
	18 months	6.59¢/kWh	See Plan
	24 months	6.59¢/kWh	See Plan
	24 months	6.69¢/kWh	See Plan
	6 months	6.79¢/kWh	See Plan
	18 months	6.79¢/kWh	See Plan
	36 months	6.79¢/kWh	See Plan
	24 months	6.89¢/kWh	See Plan
	36 months	6.89¢/kWh	See Plan
	9 months	6.99¢/kWh	See Plan
	36 months	7.09¢/kWh	See Plan
	18 months	7.89¢/kWh	See Plan
	18 months	7.99¢/kWh	See Plan
	36 months	8.19¢/kWh	See Plan
	18 months	8.49¢/kWh	See Plan
	36 months	8.49¢/kWh	See Plan
	36 months	9.19¢/kWh	See Plan
	36 months	9.39¢/kWh	See Plan
	24 months	9.49¢/kWh	See Plan
	36 months	9.49¢/kWh	See Plan
	36 months	9.59¢/kWh	See Plan
	24 months	9.69¢/kWh	See Plan
	24 months	9.79¢/kWh	See Plan
	24 months	9.89¢/kWh	See Plan
	36 months	10.69¢/kWh	See Plan
	36 months	10.89¢/kWh	See Plan
	24 months	10.99¢/kWh	See Plan
	36 months	10.99¢/kWh	See Plan
	36 months	11.09¢/kWh	See Plan
	24 months	11.19¢/kWh	See Plan
	24 months	11.29¢/kWh	See Plan
	24 months	11.39¢/kWh	See Plan
	18 months	$4.79/kWh	See Plan
	36 months	$4.99/kWh	See Plan
	18 months	59.9¢/kWh	See Plan
	18 months	61.9¢/kWh	See Plan
	36 months	62.4¢/kWh	See Plan
	36 months	66.9¢/kWh	See Plan
	18 months	67.9¢/kWh	See Plan
	36 months	$6.79/kWh	See Plan
	36 months	80.9¢/kWh	See Plan
	36 months	$8.19/kWh	See Plan
	36 months	83.9¢/kWh	See Plan
	24 months	90.9¢/kWh	See Plan
	24 months	$9.19/kWh	See Plan
	36 months	93.9¢/kWh	See Plan
	36 months	94.9¢/kWh	See Plan
	24 months	97.9¢/kWh	See Plan
	36 months	97.9¢/kWh	See Plan
	24 months	$10.40/kWh	See Plan
	24 months	$1.06/kWh	See Plan
	24 months	$1.13/kWh	See Plan
	24 months	$1.21/kWh	See Plan
See All Plans

Compare Lorain electricity providers

There are 56 electricity providers in Lorain, OH. While some providers only serve specific areas, you have multiple options for electricity wherever you are. Different providers can offer different specials, plan types, and sales throughout the year. However, always read the fine print of the energy plans you consider to avoid hidden penalties.

Business electricity rates in Lorain, OH

Commercial rates are typically cheaper than residential rates in Lorain, Ohio because businesses consume a lot of energy. This means they get a volume discount on electricity. Think about how much power a corner store might use to run HVAC, refrigeration, security systems, lighting, and computers. It adds up. Our data shows the average business in Lorain pays 8.73 cents per kWh for electricity and has an average bill of $63,542 per month. They also use 7,279 kWh per month, which is a big increase from the residential average of 836 kWh.

Finding ways to reduce overhead costs is essential as a business owner. You have the opportunity to do that in a deregulated electricity market. Even reducing your electricity by one or two cents per kWh can make a huge difference when you have a high monthly bill. Compare commercial electricity rates to find the plan that makes the most sense for your business.

Best commercial electricity plans

Below are the top commercial electricity plans in Lorain, Ohio.

Provider	Contract Term	Rate	Plan
	3 months	4.590¢/kWh	See Plan
	2 months	4.641¢/kWh	See Plan
	3 months	4.724¢/kWh	See Plan
	3 months	4.733¢/kWh	See Plan
	4 months	4.740¢/kWh	See Plan
	3 months	4.747¢/kWh	See Plan
	2 months	4.784¢/kWh	See Plan
	1 months	4.798¢/kWh	See Plan
	2 months	4.807¢/kWh	See Plan
	2 months	4.811¢/kWh	See Plan
	4 months	4.879¢/kWh	See Plan
	4 months	4.895¢/kWh	See Plan
	4 months	4.917¢/kWh	See Plan
	3 months	4.925¢/kWh	See Plan
	1 months	4.974¢/kWh	See Plan
	1 months	4.982¢/kWh	See Plan
	1 months	4.997¢/kWh	See Plan
	1 months	5.002¢/kWh	See Plan
	2 months	5.004¢/kWh	See Plan
	3 months	5.023¢/kWh	See Plan
	3 months	5.035¢/kWh	See Plan
	3 months	5.044¢/kWh	See Plan
	4 months	5.052¢/kWh	See Plan
	2 months	5.053¢/kWh	See Plan
	3 months	5.085¢/kWh	See Plan
	3 months	5.102¢/kWh	See Plan
	2 months	5.114¢/kWh	See Plan
	2 months	5.116¢/kWh	See Plan
	5 months	5.125¢/kWh	See Plan
	2 months	5.126¢/kWh	See Plan
	1 months	5.133¢/kWh	See Plan
	2 months	5.135¢/kWh	See Plan
	2 months	5.136¢/kWh	See Plan
	4 months	5.137¢/kWh	See Plan
	4 months	5.144¢/kWh	See Plan
	1 months	5.170¢/kWh	See Plan
	4 months	5.187¢/kWh	See Plan
	3 months	5.188¢/kWh	See Plan
	2 months	5.199¢/kWh	See Plan
	3 months	5.212¢/kWh	See Plan
	4 months	5.227¢/kWh	See Plan
	3 months	5.228¢/kWh	See Plan
	4 months	5.239¢/kWh	See Plan
	5 months	5.286¢/kWh	See Plan
	2 months	5.296¢/kWh	See Plan
	5 months	5.302¢/kWh	See Plan
	1 months	5.303¢/kWh	See Plan
	4 months	5.305¢/kWh	See Plan
	1 months	5.309¢/kWh	See Plan
	5 months	5.325¢/kWh	See Plan
	1 months	5.329¢/kWh	See Plan
	1 months	5.368¢/kWh	See Plan
	5 months	5.424¢/kWh	See Plan
	1 months	5.434¢/kWh	See Plan
	15 months	5.474¢/kWh	See Plan
	10 months	5.475¢/kWh	See Plan
	16 months	5.479¢/kWh	See Plan
	11 months	5.485¢/kWh	See Plan
	5 months	5.502¢/kWh	See Plan
	14 months	5.504¢/kWh	See Plan
	5 months	5.517¢/kWh	See Plan
	4 months	5.525¢/kWh	See Plan
	9 months	5.526¢/kWh	See Plan
	12 months	5.532¢/kWh	See Plan
	13 months	5.534¢/kWh	See Plan
	1 months	5.535¢/kWh	See Plan
	6 months	5.537¢/kWh	See Plan
	17 months	5.547¢/kWh	See Plan
	4 months	5.565¢/kWh	See Plan
	5 months	5.573¢/kWh	See Plan
	16 months	5.585¢/kWh	See Plan
	15 months	5.591¢/kWh	See Plan
	8 months	5.599¢/kWh	See Plan
	15 months	5.613¢/kWh	See Plan
	16 months	5.613¢/kWh	See Plan
	5 months	5.618¢/kWh	See Plan
	10 months	5.624¢/kWh	See Plan
	11 months	5.627¢/kWh	See Plan
	14 months	5.633¢/kWh	See Plan
	15 months	5.635¢/kWh	See Plan
	16 months	5.635¢/kWh	See Plan
	17 months	5.645¢/kWh	See Plan
	5 months	5.651¢/kWh	See Plan
	18 months	5.655¢/kWh	See Plan
	7 months	5.657¢/kWh	See Plan
	14 months	5.657¢/kWh	See Plan
	11 months	5.661¢/kWh	See Plan
	22 months	5.661¢/kWh	See Plan
	5 months	5.664¢/kWh	See Plan
	10 months	5.664¢/kWh	See Plan
	13 months	5.670¢/kWh	See Plan
	12 months	5.675¢/kWh	See Plan
	23 months	5.675¢/kWh	See Plan
	21 months	5.678¢/kWh	See Plan
	14 months	5.679¢/kWh	See Plan
	17 months	5.679¢/kWh	See Plan
	12 months	5.680¢/kWh	See Plan
	9 months	5.682¢/kWh	See Plan
	11 months	5.683¢/kWh	See Plan
	10 months	5.687¢/kWh	See Plan
See All Plans

How to switch your Lorain electricity provider

While Lorain's deregulated electricity market offers considerable flexibility in choosing your power provider, understanding the switching process guarantees you'll make an informed decision that benefits your household.

To switch providers effectively:

• Review your current "Price to Compare" on your utility bill
• Visit PUCO's Apples to Apples chart to compare supplier rates and terms
• Contact your chosen supplier to verify the terms and conditions
• Allow the new supplier to handle enrollment with your utility company

You'll maintain continuous service throughout the conversion, and your utility company will still handle delivery and billing.

Best time to switch electric companies in Lorain, Ohio?

Switching providers at the right time can help you save more money on your energy bill.

Monitor these key timing indicators:

• Switch before summer to avoid peak demand rates
• When supplier rates fall below your utility's "Price to Compare"
• Before announced rate hikes, particularly FirstEnergy's June increases
• During periods of lower auction rates

To maximize your savings, consider switching when:

• Multiple suppliers are offering competitive fixed-rate plans
• Renewable energy investments are driving stable rates
• Infrastructure upgrades are completed in your area
• Time-varying rate plans align with your usage patterns

Lorain's deregulated electricity market

Three key components form the foundation of Ohio's deregulated electricity market: generation, transmission, and distribution.

This system operates under the PJM Interconnection wholesale market, where power plants compete to sell electricity.

In this deregulated environment, you're free to choose between Competitive Retail Electricity Service (CRES) providers or Standard Service Offer (SSO) providers for your electricity supply.

The market uses locational marginal pricing to manage transmission congestion and encourage infrastructure development.

While studies show mixed results, deregulation has helped Ohio outperform regulated Midwest states in controlling electricity costs, though utilities can still pass certain non-regulated costs to customers.

Types of electricity plans in Lorain, OH

Lorain residents can choose from several distinct electricity plan types, each offering unique advantages and potential trade-offs for consumers' specific needs.

• Fixed-Rate Plans: Lock in a single per-kWh rate for 3-36 months, providing predictable bills but potentially higher costs if market prices drop.
• Variable-Rate Plans: Offer flexibility with no contracts but expose you to market price fluctuations.
• No-Deposit and Prepaid Plans: Eliminate upfront deposits and allow precise budgeting, though rates tend to be higher.
• Renewable Energy Plans: Support green initiatives through wind and solar power, typically at premium rates.

Compare Lorain electricity rates

Compare Lorain electricity rates to save money and avoid overpaying in the deregulated market. Bills can vary greatly, with rates between 6 to 35 cents per kWh across different providers and plan structures. Take the time to read the fine print and do the math to figure out which is your best option.

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Lorain, OH electricity rate FAQs