Toledo Edison

About Toledo Edison

Toledo Edison is an investor owned company headquartered in Holland, Ohio and serving customers in 10 counties in Ohio such as the counties of Lucas County, Wood County, Sandusky County, Seneca County, and Fulton County. At the moment, 95,357 customers are provided electricity by the supplier. These customers are a mix of 0.10% industrial accounts, 8.60% commercial customers and 91.30% residential accounts. Toledo Edison's customers are billed an average residential electricity price of 15.90 cents per kilowatt hour. This is 1.70% above the nationwide average price of 15.64 cents, resulting in the company ranking 2488th best for average electricity price out of 2893 providers in the nation. The company had sales of 2,152,732 megawatt hours in 2022 sold to end users. Wholesale power purchases made up 100.00% of the total electricity sourced by the company . Exactly 2,331,807 megawatt hours were purchased on wholesale channels. In 2022, the supplier made 46.30% of their revenue from retail electricity sales.

Patrons of the supplier pay an average monthly residential electric bill of $118.03. This is 8.95% below the Ohio average bill of $129.91. The company currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other companies and then resell it at a higher rate to end users.