Electricity Rates in Magnetic springs, OH
Magnetic springs, OH is in a deregulated electricity market with 2 providers available. The average residential rate is 13.0¢/kWh, 7.1% below the Ohio average of 14.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Magnetic springs
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Ohio Edison Co | 12.0¢/kWh | 11.0¢/kWh | Investor Owned |
| Union Rural Electric Coop, Inc | 16.0¢/kWh | 13.0¢/kWh | Cooperative |
Estimated Monthly Electric Bill
Based on the average residential rate of 13.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Magnetic springs
At 13.0¢/kWh, a typical Magnetic springs household spends approximately $1382.16/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 Magnetic springs
Charging an electric vehicle at home in Magnetic springs costs approximately $117.00/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 Magnetic springs, OH?
The average residential electricity rate in Magnetic springs, OH is 13.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $115.18 for a typical household.
Who provides electricity in Magnetic springs?
Magnetic springs is served by 2 electricity providers. Ohio Edison Co is the largest provider in the area, though rates and availability vary by specific address.
How do Magnetic springs electricity rates compare to the rest of Ohio?
Magnetic springs's average rate of 13.0¢/kWh is 7.1% below the Ohio state average of 14.0¢/kWh. Residents enjoy some of the lower rates in the state.