Madison, Ohio Electricity Rates & Plans

Madison, Ohio electricity rates - plans that match your needs

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Electricity Providers in Madison, Ohio

Ohio’s 376th most populated city is Madison, with 3,396 citizens calling the city home.

There exists an extremely high market competition between electricity providers in Madison, Ohio due to deregulation of the electricity market. Everything considered, the competition among electricity companies in the area’s deregulated energy market best benefits the customers, allowing them to reap the rewards of attractive electricity plans at the lowest possible rates. Unfortunately, this competition also makes unsuspecting consumers especially vulnerable to fly-by-night energy companies and misleading advertising tactics.

Don’t fall prey to these predatory energy providers; use Find Energy. can help you secure your next electricity plan with confidence; our website features all the things you need to know about the various electricity providers in your area. Our website features competitive electricity offerings from dependable energy suppliers.

With Find Energy, you can be confident about your energy shopping decisions—input your zip code, and we’ll send you a shortlist of the most competitive power offerings in Madison, Ohio. Take a look at some of our most trusted providers in Madison in this list.

Madison, OH Residential Electricity Rates


Madison Averages

Usage743 kWh

Ohio Averages

Usage816 kWh

United States Averages

Usage849 kWh

18.50 cents for every kilowatt-hour is the current price of residential electricity in Madison. On the other hand, the state of Ohio’s current average is 15.92 cents per kWh, and the national average is 15.64 cents for every kWh.

Citizens in the Madison area pay an average of $137.42 for their electricity every month. Comparing this to Ohio’s monthly energy bill averaging at $129.91, and the US monthly energy bill averaging at $132.69.

Your energy prices may substantially differ from these numbers depending on how much energy you consume. Not everyone is aware of how various energy consumption levels can impact particular electricity plans, so this can sometimes be confusing.

To help bring clarity to consumers, we have a TOS with all plans we show in our marketplace. Be sure you don’t overlook any useful electricity information by consulting the Terms of Service (TOS) of your electricity plan. You can think of your energy plan’s Terms of Service similarly to the nutrition labels you read on food items; only you’re given invaluable electricity information such as the terms, conditions, and price information of your energy plan, in place of nutrition information.

You can consult the Find Energy marketplace to easily review TOS highlights of the various electricity offerings from various electricity companies in your location. is created with your convenience in mind; Find Energy has made sure that you can look up valuable energy information, including the conditions, terms, and prices of the most compelling energy plans in your location.

Enjoy the benefits of our online marketplace—head over to and enter your zip code. Madison residents can purchase the most attractive home energy plans from the most reputable electricity providers using our marketplace.

Our team at Find Energy managed to find the most attractive residential electricity plans you can get in the Madison area; check them out in this list below.

Madison, Ohio Residential Electricity Plans


Madison, OH Commercial Electricity Rates


Madison Averages

Usage15,956 kWh

Ohio Averages

Usage4,267 kWh

United States Averages

Usage5,602 kWh

Business owners in Madison typically pay an average of 16.58 cents per kWh of commercial electricity. Present statewide and countrywide average is priced at 12.28 cents per kWh and 12.11 cents for every kWh respectively.

Entrepreneurs in Madison normally spend an average of $2,645.62 on their energy bill every month. For the sake of comparison: the state monthly energy bill average is $524.21, while the nationwide monthly electricity bill average is $678.34.

Electricity is heavily depended upon by most companies. Electricity is an important expense for most businesses out there. This reality supports the fact that finding a lower priced electricity rate can help your company provide the lowest prices for customers. Savings of a percent or two each month can stack up quick when trying to reduce a business' expenses. can help your business acquire custom pricing from the most dependable electricity companies in Madison, Ohio, if you're paying $3,000 or more for electricity each month.

In our experience, Madison area businesses that purchase a new electricity plan using our online marketplace can save between 15% and 25% on their energy expenses. gets you the best commercial energy plans from the most reliable energy suppliers in your location. Buying a new commercial energy plan has never been simpler—type in your zip code to start using our online marketplace.

Here are some of the most competitive business energy plans being offered in Madison, Ohio.

Madison, Ohio Commercial Electricity Plans


There are no Commercial plans available.

Keep in mind the following if you're still uncertain about looking into a new commercial electricity rate:

  • No surprises except the amount your establishment will save - Fixed rate plans empower users lock in rates for significant amounts of time. They also enable your establishment to forecast expenses with zero worries of possible massive price increases that come with variable rate plans.
  • The switching experience is unnoticeable with zero service interruptions - Zero service disruptions will take place while changing providers. Your team will not notice any differences during the changeover.
  • The entire switching process only takes a couple of minutes - After you fill out your information, we will take care of all of the work for you. Relative to the size of your establishment, we will find you the most attractive possible plans in your area. If your electricity bill is large enough, our team will also receive custom rates from the the best electricity companies serving your area.
  • No calls to your existing provider required - Our team handles the entire switching process if you are not under contract. Once you fill out your information, the next step is to let us help you lock in the most attractive deal for your organization. You will have a reduced electricity bill in no time. And even if you are under contract, Find Energy can still help you find and switch to a more attractive pricing plan.
  • No obligation to switch - Not convinced with the plan you received after you submit your information? No worries. There is no obligation on your part to make the transition. It is entirely up to you if you want to sign up for a new plan. This, of course, is what makes it all the more important for Find Energy to get you the best plan that you can't refuse!

Find Energy is committed to providing you the lowest electricity rates in your area. To get started, all you have to do is just enter your zip code on this page and answer a few questions.

Madison, OH Utility Company

Illuminating Company is the main utility company that takes care of the delivery of electricity in the Madison area. Consumers in Madison can report blackouts or any other concerns to Illuminating Company.

In the event of a power interruption, you can always get a hold of Illuminating Company at (888) 544-4877. Alternatively, citizens of Madison can also visit the official website here.

Madison, Ohio Electricity Rates Over Time


Historical Electricity Rates:

Price Per kWhAverage Bill$0.206/kWh$0.111/kWh$163.77/mo.$31.86/mo.


Historical Electricity Rates:

Price Per kWhAverage Bill$0.206/kWh$0.111/kWh$163.77/mo.$31.86/mo.

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  • 44057

Madison, Ohio Electricity FAQs


What electric utility company does Madison, Ohio use?

Illuminating Company is the largest electric utility company in Madison, but dozens of different companies carry electricity in the deregulated Madison market. Below is a registry of our most trusted providers carrying electricity in Madison:

Who is the most affordable electricity company in Madison?

As of writing, our most affordable electricity plan available in Madison is from Energy Harbor, with a residential pricing of 6.49 cents per kilowatt-hour.

How do I shop for a green electricity plan in Madison?

It's really a pretty easy process! All you have to do is fill out your zip code on this page, and you can look up all available plans and see what percentage of each plan is derived from green electricity.

Who has the cheapest electricity plans in Madison?

The cheapest electricity deals in Madison can be found below.

ProviderRate (¢/kWh)
Constellation Energy6.79
Just Energy9.19

What is an affordable electricity rate in Madison?

The cheapest plan offered in Madison is 6.49 cents per kWh, currently being carried by Energy Harbor.

How should I choose an electricity company in Madison?

With many different electricity providers competing for your business, it is wise to use an online marketplace like Find Energy to help you evaluate your choices. You can start by filling out your zip code. Or if you want, you can look up different company websites, and using an Excel sheet or a Word document, you can record and evaluate the different prices you find.

How many suppliers are in Madison?

There are currently 10 companies offering electricity in Madison.

Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-04-24