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, 86,260 customers are provided electricity by the supplier. These customers are a mix of 0.07% industrial accounts, 8.22% commercial customers and 91.70% residential accounts. Toledo Edison's customers are billed an average residential electricity price of 16.72 cents per kilowatt hour. This is 4.14% above the nationwide average price of 16.06 cents, resulting in the company ranking 2363rd best for average electricity price out of 2885 providers in the nation. The company had sales of 1,556,938 megawatt hours in 2023 sold to end users. Wholesale power purchases made up 100.00% of the total electricity sourced by the company . Exactly 1,697,647 megawatt hours were purchased on wholesale channels. In 2023, the supplier made 43.92% of their revenue from retail electricity sales.

Patrons of the supplier pay an average monthly residential electric bill of $122.4. This is 16.00% below the Ohio average bill of $144.68. The electricity grid owned by the company experiences an average of 0.67 outages per consumer a year, with outages lasting roughly 79.9 minutes. The nationwide average for other providers is 1.44 outages per customer and 123.49 minutes an outage. Electricity production is not handled in house at the company, as they purchase electricity at wholesale rates to then be resold to their consumers.