Electricity Rates in Gibsonburg, OH
Gibsonburg, OH is in a deregulated electricity market with 2 providers available. The average residential rate is 14.0¢/kWh, close to the Ohio average of 14.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Gibsonburg
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Hancock-Wood Electric Coop Inc | 17.0¢/kWh | 15.0¢/kWh | Cooperative |
| The Toledo Edison Co | 12.0¢/kWh | 12.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 14.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Gibsonburg
At 14.0¢/kWh, a typical Gibsonburg household spends approximately $1488.48/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Gibsonburg
Charging an electric vehicle at home in Gibsonburg costs approximately $126.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in Ohio
Frequently Asked Questions
What is the average electricity rate in Gibsonburg, OH?
The average residential electricity rate in Gibsonburg, OH is 14.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $124.04 for a typical household.
Who provides electricity in Gibsonburg?
Gibsonburg is served by 2 electricity providers. The Toledo Edison Co is the largest provider in the area, though rates and availability vary by specific address.
How do Gibsonburg electricity rates compare to the rest of Ohio?
Gibsonburg's average rate of 14.0¢/kWh is close to the Ohio state average of 14.0¢/kWh. Rates are typical for the region.