Dealing with a Departing OH Energy Supplier
Like any other business, your Ohio electric supplier could close or leave town at any time. But what does this mean for your electricity? Could the power go out at any time? Fortunately, the answer to that question is, “no.” However, let’s go over what does happen when your Ohio CRES leaves town.
Who Supplies Electricity When a CRES Leaves?
Truthfully, if your Certified Retail Energy Supplier, or CRES, leaves town, it does not change how electricity gets to your home. Your CRES doesn’t disconnect your home from the grid or take utility poles with them when they leave. This is because your local Investor Owned Utilities (IOUs) manage the grid and deliver electricity to your home. And that is exactly who will take over for a departing CRES. In other words, when your supplier leaves, you return to the standard service offer from your local utility.
- AEP Ohio Power Company and AEP Columbus Southern
- Cleveland Electric Illuminating
- Dayton Power & Light (AES Ohio)
- Duke Energy Ohio
- Ohio Edison
- Toledo Edison
What Happens to Your Contract with CRES?
When a CRES ends their business in Ohio, it must notify PUCO. That notification begins the process of transferring your service to the utility. Affected customers will receive written notices about these changes. This signals the end of your contract with your CRES. Unlike if you end your contract early, when a supplier ends the contract, you won’t pay a cancellation fee. Additionally, you are free to compare electric rates apples to apples and find an even better deal.
How to Find Your Next CRES
To wrap things up, remember, there is no need to panic if your CRES leaves town. This will not stop your electricity services. If you simply let things run their course, your service simply moves to your electric utility. Or, instead of taking the standard service offer, take the smarter path. That is, find a great deal on a fixed rate contract. Get the best price when you compare plans side-by-side with Utility Rates. Find your new plan today at https://www.utilityrates.com.