Did you know that in Ohio, residents have the flexibility to choose their energy supplier? This means you have the opportunity to find more competitive pricing and better service. If you are currently using Duke Energy and feel like you are paying too much for your energy and are interested in more predictable monthly energy bills, switching to a fixed-rate plan could be a smart move. Let us guide you through the process of how to switch from Duke Energy to a fixed-rate plan, while highlighting the benefits of working with an Energy Service Company (ESCO) like Renaissance Power and Gas.

Before we discuss the steps of switching from Duke Energy to a fixed-rate plan, it is essential to understand what a fixed-rate energy plan is and how it differs from other types of plans.

A fixed-rate energy plan locks in the price per kilowatt-hour (kWh) of electricity or natural gas for a specified term—usually between 3 to 24 months. With a fixed-rate plan, you’ll pay the same rate regardless of fluctuations in the energy market. This can offer peace of mind, as your energy costs are predictable, which will help you avoid high utility bills during price spikes.

By contrast, Duke Energy typically offers variable-rate plans, where the price of energy can change month-to-month based on market conditions. This can lead to unexpected price increases, especially during periods of high demand or limited supply like in the summer or the winter seasons.

Energy Service Companies (ESCOs) play a significant role in giving options to fixed rate plans. An Energy Service Company (ESCO) is a business that provides energy-related services, including the supply of electricity and natural gas. In states with deregulated energy markets, such as Ohio, ESCOs operate as intermediaries between consumers and traditional utility companies. They purchase energy from wholesale markets or generate it themselves and then sell it to consumers, often at competitive rates compared to local utilities In deregulated states, consumers have the option to choose their energy supplier rather than being limited to a single utility company. This market structure is designed to encourage competition and potentially lower energy prices.

If you are still contemplating on whether to do the switch or not, here are some benefits of Switching from Duke Energy to a Fixed-Rate Plan in Ohio:

One of the most significant advantages of switching to a fixed-rate energy plan is that your monthly energy costs remain stable. No matter how high or low energy prices may fluctuate in the market, you’ll always pay the same fixed rate for your electricity or natural gas. This will help you to budget more effectively!

Many Ohio residents have found that working with an ESCO such as Renaissance Power and Gas can result in lower rates compared to those offered by traditional utility companies like Duke Energy. Residents can choose a competitive fixed-rate plan with no cancellation fees and save money while maintaining control over your energy costs.

When you switch from Duke Energy to a fixed-rate plan, the actual delivery of your energy will still be handled by Duke Energy, the utility provider. This means there will be no disruption to your power supply. Your services will not be interrupted and you will still have access to the same reliable service, but with the added benefit of a more predictable rate.

Now that you understand the benefits of a fixed-rate plan, let’s walk through the steps involved in switching from Duke Energy Ohio to a fixed-rate plan with an Energy Service Company (ESCO).

1. Research Available ESCOs in Ohio

Begin by researching various ESCOs that operate in Ohio and offer fixed-rate plans. Look for companies with a good reputation, competitive rates, and positive customer reviews. Renaissance Power and Gas, for example, provides reliable fixed-rate plans that can offer significant savings.

2. Compare Fixed-Rate Plans

Once you have a list of ESCOs, compare their fixed-rate energy plans. Pay attention to contract terms, rates, and any additional fees. Fixed-rate plans typically have contract durations ranging from 3 to 24 months, so choose a plan that best fits your needs and energy usage. Also, don’t forget to take note of the cancellation fee. Choose the ESCO that gives you the freedom to switch over or cancel at any time like Renaissance Power and Gas, where you can cancel at any time without being charged.

3. Enroll in Your New Fixed-Rate Plan

After selecting the best fixed-rate plan, you can enroll either online or by calling the ESCO directly. With Renaissance Power and Gas, go to this link and be prepared to provide some basic information, including your Duke Energy account number, address, and other details. The ESCO will then handle the rest of the process, including notifying Duke Energy of the switch.

4. Review Your First Bill

Duke Energy will still handle the delivery of energy, your ESCO will supply your electricity at the agreed-upon fixed rate. Be sure to review your first bill to ensure that the new rate has been applied correctly.

Keep an eye on your energy usage to make sure you’re optimizing your energy consumption under the new fixed-rate plan. You may want to implement energy-saving tips to further reduce your monthly costs, such as using energy-efficient appliances or adjusting your thermostat.

Seems easy? That’s because it is! Switching from Duke Energy to a fixed-rate energy plan in Ohio is an excellent way to gain more control over your energy costs and protect yourself from unexpected rate hikes. By partnering with a trusted ESCO, you can lock in a competitive rate and enjoy more predictable monthly bills. So, why wait? Start your journey to a more affordable and manageable energy plan today, and experience the peace of mind that comes with knowing exactly what you’ll pay every month.

Make the switch to a fixed-rate plan today and start enjoying the benefits right away!