Ohio industrial electricity rates
Ohio industrial electricity cost 7.10 cents per kWh in 2024, with 18,237 accounts buying 50.7 TWh.
In 2024 Ohio industrial accounts paid 7.10 ¢/kWh, rank 40 of 51 and 12.7% below the U.S. industrial price (8.13 ¢). A Ohio account using 231,616 kWh a month pays about $16,445. Since 2015 the Ohio price moved +1.1%.
Ohio sits 0.11 ¢ under Georgia, the state above, and 0.26 ¢ over South Carolina, the state below. At 231,616 kWh a month, energy in Ohio costs 3,868 dollars more than in New Mexico, the cheapest industrial state.
How it compares
| Industrial price | 2024 | 2015 | Change | Bill |
|---|---|---|---|---|
| Ohio | 7.10 ¢/kWhthis state | 7.02 ¢/kWh | +1.1% | $16,445at 231,616 kWh |
| Georgia (next above) | 7.21 ¢/kWh+0.11 ¢ against Ohio | 5.87 ¢/kWh | +22.8% | $16,700at 231,616 kWh |
| South Carolina (next below)Lowest in this table | 6.84 ¢/kWh-0.26 ¢ against Ohio | 6.05 ¢/kWh | +13.1% | $15,843at 231,616 kWh |
Ohio industrial: 2025 and 2026
Ohio industrial, data to July 2026.
- Ohio 2025 average price
- 8.52 ¢/kWh+20.0% against 2024, U.S. +6.0%
- Ohio 2025 rank
- 26 of 51+14 places against 2024
- Ohio January to Jul 2026
- 10.32 ¢/kWh+26.5% on Jan-Jul 2025
- Ohio Last 12 months
- 9.78 ¢/kWhto July 2026
- Ohio July 2026
- 10.95 ¢/kWh+21.0% against July 2025
- Ohio 2025 costliest month
- Dec 9.33 ¢cheapest May 7.61 ¢, a 23% spread
- Ohio Typical 2025 bill
- $20,208 a monthtop Jul $22,595, low Feb $17,685
The Ohio industrial price averaged 8.52 ¢/kWh in 2025, +20.0% on 2024: Ohio ran 14.0 points faster than the nation. From January to July 2026 the Ohio average is 10.32 ¢, +26.5% on 2025, 20.6 points above the U.S. change. Seasonality in Ohio: 2025 peaked in December at 9.33 ¢ and bottomed in May at 7.61 ¢. A typical industrial account in Ohio paid about $242,493 for energy over 2025, from $17,685 in February to $22,595 in July; use per account ran 222,738 to 249,665 kWh a month.
Ohio industrial price by month, 2024 to Jul 2026
Price by month, Ohio industrial: 12 rows
| Month | 2024 | 2025 | 2026 to Jul |
|---|---|---|---|
| Jan | 7.18 | 8.23 | 10.96 |
| Feb | 6.92 | 7.94 | 10.86 |
| Mar | 6.78 | 7.71 | 9.81 |
| Apr | 6.81 | 7.89 | 9.95 |
| May | 6.91 | 7.61 | 9.87 |
| Jun | 7.03 | 8.66 | 9.89 |
| Jul | 7.30 | 9.05 | 10.95 |
| Aug | 7.21 | 8.60 | No data |
| Sep | 7.01 | 8.75 | No data |
| Oct | 7.31 | 9.09 | No data |
| Nov | 7.27 | 9.33 | No data |
| Dec | 7.41 | 9.33 | No data |
12 rows from EIA retail sales.
CSVWhat a typical Ohio industrial account paid each month
Ohio industrial: use per account times price, energy only.
Typical bill by month, Ohio industrial: 12 rows
| Month | 2025 | 2026 to Jul |
|---|---|---|
| Jan | 18555 | 25403 |
| Feb | 17685 | 23839 |
| Mar | 17872 | 23436 |
| Apr | 18568 | 23858 |
| May | 18636 | 24737 |
| Jun | 20778 | 24636 |
| Jul | 22595 | 33697 |
| Aug | 21422 | No data |
| Sep | 21228 | No data |
| Oct | 21813 | No data |
| Nov | 21523 | No data |
| Dec | 21818 | No data |
12 rows from EIA retail sales.
CSVOhio industrial charts
Industrial price, Ohio and U.S.
Ohio 7.02 ¢ in 2015 and 7.10 ¢ in 2024, 1.03 ¢ under the national figure.
Ohio industrial price against the national average, 2015 to 2024: 10 rows
| Year | Ohio industrial | Gap to U.S. industrial | Ohio residential |
|---|---|---|---|
| 2015 | 7.02 | +0.11 | 12.80 |
| 2016 | 6.98 | +0.22 | 12.47 |
| 2017 | 6.92 | +0.04 | 12.63 |
| 2018 | 7.01 | +0.09 | 12.56 |
| 2019 | 6.55 | -0.26 | 12.38 |
| 2020 | 6.16 | -0.51 | 12.29 |
| 2021 | 6.55 | -0.63 | 12.77 |
| 2022 | 7.45 | -0.87 | 13.85 |
| 2023 | 7.03 | -1.01 | 15.38 |
| 2024 | 7.10 | -1.03 | 15.99 |
10 rows from EIA retail sales.
CSVAnnual change
Biggest move +13.7% in 2022; latest +1.0%.
% vs prior year
- -0.62016
- -0.92017
- +1.32018
- -6.62019
- -6.02020
- +6.32021
- +13.72022
- -5.62023
- +1.02024
Year-over-year change, Ohio industrial price: EIA retail sales.
CSVAnalyst note
The Ohio industrial price sat above the U.S. average in 4 of 10 years; the gap was +0.11 ¢ in 2015 and -1.03 ¢ in 2024. In the 2024 ranking Ohio sits between Georgia (7.21 ¢) one place above and South Carolina (6.84 ¢) one place below; the top of the list is 27.03 ¢ away and the bottom 1.67 ¢. Ohio was 22nd in 2015 with 7.02 ¢ and is 40th now; a fall in the table. Ohio industrial prices rose in 4 of 9 years. The largest rise was +13.7% in 2022, and the largest fall -6.6% in 2019. The Ohio price peaked at 7.45 ¢ in 2022 and bottomed at 6.16 ¢ in 2020; 2024 is 4.7% below the peak and +15.3% from the low. Compounded, that is +0.13% a year in Ohio, -1.70 points against the U.S. Ohio buys 4.90% of all U.S. industrial electricity with 1.63% of the accounts, so the average Ohio account uses 3.00 times the national average.
A middle price: 7.10 ¢/kWh for Ohio industrial accounts, rank 40 of 51, -12.7% against the U.S. Ohio: +1.1% over nine years, or +0.1% a year, trailing the national +17.7% by 16.5 points; 2022 was the biggest single move (+13.7%) and 2022 the high.
Last year's change in Ohio was +1.0% and flat. Against the residential price of 15.99 ¢ the gap is 8.89 ¢. Industrial sales are 33.0% of Ohio electricity sold, and an average Ohio account used 231,616 kWh a month, an implied bill near $16,445.
Counting revenue instead of kWh, Ohio industrial accounts bring in 20.7% of Ohio sector revenue on 33.0% of the kWh, a discount of 12.3 points that comes from the price level: 7.10 ¢ here against 15.99 ¢ for residential and 10.66 ¢ for commercial accounts. The average Ohio industrial account uses 231,616 kWh a month, 15 of 51 among states on that measure; a residential account uses 0.00 times as much and a commercial account 0.03 times. Industrial accounts are 0.32% of the 5,787,738 accounts in Ohio.
Facts
- Industrial price 2024
- 7.10 ¢/kWh-12.7% against U.S.
- Price in 2015
- 7.02 ¢/kWh+1.1% to 2024
- Annual change
- +0.1%-1.7 points vs U.S.
- Rank
- 40 of 5111 states cost less
- Gap to U.S.
- -1.03 ¢$2,385.64 a month
- Peak year
- 20227.45 ¢; 2020 low 6.16 ¢
- Sales
- 50.7 TWh33.0% of state sales
- Industrial accounts
- 18,2371.55 per 1,000 residents
- Use per account
- 231,616 kWh/mo2,779,392 a year
- Implied monthly bill
- $16,445-$2,386 against U.S. rate
Data tables
Ohio, industrial: price by year
| Year | Ohio | U.S. | Change | Gap | Ratio |
|---|---|---|---|---|---|
| 2015 | 7.02 | 6.91 | No data | +0.11 | 1.016 |
| 2016 | 6.98 | 6.76 | -0.6% | +0.22 | 1.033 |
| 2017 | 6.92 | 6.88 | -0.9% | +0.04 | 1.006 |
| 2018 | 7.01 | 6.92 | +1.3% | +0.09 | 1.013 |
| 2019 | 6.55 | 6.81 | -6.6% | -0.26 | 0.962 |
| 2020 | 6.16 | 6.67 | -6.0% | -0.51 | 0.924 |
| 2021 | 6.55 | 7.18 | +6.3% | -0.63 | 0.912 |
| 2022 | 7.45 | 8.32 | +13.7% | -0.87 | 0.895 |
| 2023 | 7.03 | 8.04 | -5.6% | -1.01 | 0.874 |
| 2024 | 7.10 | 8.13 | +1.0% | -1.03 | 0.873 |
Ohio industrial: cost by use
| Monthly kWh | Ohio cost a month | Gap to U.S. rate in Ohio |
|---|---|---|
| 57,900 (0.25x the Ohio account) | $4,110.90 | -$596.37 |
| 115,810 (0.5x the Ohio account) | $8,222.51 | -$1,192.84 |
| 231,620 (1x the Ohio account) | $16,445.02 | -$2,385.69 |
| 347,420 (1.5x the Ohio account) | $24,666.82 | -$3,578.43 |
| 463,230 (2x the Ohio account) | $32,889.33 | -$4,771.27 |
| 926,460 (4x the Ohio account) | $65,778.66 | -$9,542.54 |
Ohio: the three sectors measured against industrial
| Sector | Ohio price ¢/kWh | Price vs industrial | Ohio kWh per account a month | Use vs industrial | Ohio revenue share | Ohio kWh share |
|---|---|---|---|---|---|---|
| Residential | 15.99 | 2.25x | 846 | 0.00x | 48.1% | 34.0% |
| Commercial | 10.66 | 1.50x | 6,749 | 0.03x | 31.2% | 33.1% |
| Industrial (this page) | 7.10 | 1.00x | 231,616 | 1.00x | 20.7% | 33.0% |
Questions on Ohio industrial
What is the average industrial electricity rate in Ohio? Is 7.10 cents high?
7.10 cents in 2024, -12.7% against the U.S. rate.
Where does Ohio rank for industrial electricity prices?
40th of 51, with 11 places charging less.
How much did Ohio industrial rates change since 2015?
7.02 to 7.10 cents: +1.1% in total, +0.1% a year.
What does an average Ohio industrial account pay a month?
231,616 kWh at 7.10 cents, price times use, comes to $16,445.
How large is the Ohio industrial customer base?
18,237 accounts, or 1.55 per 1,000 residents.
What year did Ohio industrial power peak?
2022 at 7.45 cents; the low was 6.16 cents in 2020.
What did Ohio industrial electricity cost in 2025?
Ohio averaged 8.52 cents per kWh, +20.0% against 7.10 in 2024, and 26 of 51 among states.
Are Ohio industrial electricity prices rising in 2026?
Ohio is +20.6 points against the U.S.: 10.32 cents from January to July 2026, +26.5% on 2025.
When in 2025 did Ohio industrial power cost most, December or May?
December at 9.33 cents in Ohio; May was the lowest at 7.61, a 23% spread.
Does Ohio industrial power cost more than the national average in 2026?
1.29 cents above the national average; Ohio 10.32 cents over January to July 2026, +26.5% on 2025.
More on Ohio industrial
- Ohio state hub36 utilities, 491 accounts per 1,000
- Ohio residential rates15.99 ¢, rank 18 of 51
- Ohio commercial rates10.66 ¢, rank 32 of 51