Electricity Rates in Spencer, OH
Spencer, 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 Spencer
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Lorain-Medina R E C, Inc | 17.0¢/kWh | 16.0¢/kWh | Cooperative |
| Ohio Edison Co | 12.0¢/kWh | 11.0¢/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 Spencer
At 14.0¢/kWh, a typical Spencer 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 Spencer
Charging an electric vehicle at home in Spencer 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 Spencer, OH?
The average residential electricity rate in Spencer, 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 Spencer?
Spencer 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 Spencer electricity rates compare to the rest of Ohio?
Spencer's average rate of 14.0¢/kWh is close to the Ohio state average of 14.0¢/kWh. Rates are typical for the region.