How to Get A Lower AEP Ohio Electric Bill
Table of Contents
Introduction
If your AEP Ohio monthly invoices are getting out of hand lately, fear not, because there are some simple ways to get a lower AEP Ohio electric bill that will take little time and effort for you to complete. Lowering the amount you pay for electricity each month can be accomplished by either reducing the amount of energy you consumer or paying less for that consumption. In this article we are going to focus on paying less for the amount of power that you are using each month.
AEP Ohio Electricity Choice Basics
You might not realize it, but if you receive an electric bill from AEP Ohio you are not stuck paying the rate for electricity that is on your bill. Through Energy Choice laws, you are able to search for a lower electric rate that can replace the AEP Ohio supply default rate.
This does not mean that you cease being an AEP Ohio customer. If you find a lower rate, that price simply replaces the default rate on your bill and you continue to receive your monthly electric bill from AEP Ohio.
Generation Service Supply Charge
AEP Ohio Electric Rate Savings Potential by ElectricRate
The generation service supply charge on your electric bill is the main line item rate that can be lowered. If you have not selected and switched to a competitive AEP Ohio electricity supplier rate plan, then you are paying what is known as the AEP standard service offer; the default rate for power supply.
Not only can you often find competitive Ohio electric rates that are substantially lower than the AEP Ohio default rate, but they can also provide price stability by locking in a fixed rate for more than 12 months. In contrast, the AEP Ohio standard service offer rate has shown to be quite volatile in recent months.
What is the Service Delivery Identifier Number
Every customer has a unique Service Delivery Identifier number which can be found on their electric bill at the top of the “Current AEP Ohio Charges” section on page 3. In order to select a lower rate from a competitive Ohio electricity supplier you will need to provide your Service Delivery Identifier on the enrollment form.
Below is an image of where you can find your 17 digit Service Delivery Identifier.
It is important to note that your Service Delivery Identifier is different than your Account Number. You can not switch onto a lower electric rate plan with your account number. Using the image above, you should have no trouble locating your 17 digit Service Delivery Identifier number.
Lower AEP Ohio electric bills in 2024
Due to high volatility in the AEP Ohio default rate, prices went up by 58% on June 1, 2023. Those high rates have carried into 2024 with the AEP Ohio default rate to start 2024 listed at 10.11¢ per kWh. Meanwhile, competitive rates are offering savings above 30% and below 7¢ per kWh. This makes shopping for the lowest Ohio electric rate the easiest and most hassle free way to lower your AEP Ohio electric bill in 2024.
Due to bad experiences in the past, especially as it relates to failed community aggregation projects that local governments have been unsuccessful at managing, as of May 2023 there were over 850,000 AEP Ohio customers who were still on the default rate.
Here is a list of the current cheapest electricity prices being offering to AEP Ohio customers that will help lower their electric bills and keep them low since the plans are fixed rates.
Keeping AEP Ohio Electric Bills Low
In order to keep your AEP Ohio electric bills year after year, it is important to keep up with your electricity rate contract and to not fall onto a variable rate. Whether it is the AEP Ohio default rate that changes periodically, or a variable rate with your competitive Ohio supplier that you automatically get placed on after your contract expires, being on such a rate structure will cause your electric bill to rise over time.
One of the most important features about shopping for lower electric rates, and thus lower electric bills, with ElectricRate.com is that when you choose a rate plan with us we automatically put you on our renewal concierge service. With this service, we do everything in our power to contact you through email and phone calls as your plan is reaching expiration to make sure that you choose a new plan that will keep your AEP Ohio electric bill low.
Instead of just receiving renewal offers from the competitive electricity supplier who you are currently with, you will receive offers from all of the suppliers. In this way you are always paying a very low rate for electricity supply, and the rate you are paying is fixes so that there are not surprises from one month to the next.
Conclusion
In conclusion, there is a very simple and clear cut way to lowering your AEP Ohio electric bill. The solution is to simply shop for a competitive low electricity rate. In order to do this, you can simply compare offers at ElectricRate.com. The only piece of information that you will need is your Service Delivery Identifier that you can find on page 3 of your AEP Ohio electric bill.
