Lakewood Electricity Rates
Right now, Lakewood electricity starts at 7.19¢/kWh for 1,000 kWh monthly usage. That’s 6 retail providers offering everything from 7.19¢ to 13.79¢/kWh, with a market average of 10.67¢ at standard usage. Switching to the cheapest plan saves 33% ($35/month) versus the average rate.
Cheapest Electricity Plans in Lakewood
Sorted by price at 1,000 kWh. Plans with bill credits can cost more at other usage levels — check the EFL for the full breakdown.
| Provider | Plan | Rate | Action |
|---|---|---|---|
 |
American Power & Gas
American Power & Gas of Ohio LLC 1 - 7.19¢
1 months
Cheapest
|
7.19¢
per kWh at 1,000 kWh
|
Continue |
 |
Just Energy
Just Energy 12 - 8.49¢
12 months
Fixed Rate
|
8.49¢
per kWh at 1,000 kWh
|
Continue |
 |
Direct Energy
Direct Energy Services LLC 6 - 9.79¢
6 months
Fixed Rate
|
9.79¢
per kWh at 1,000 kWh
|
Continue |
 |
AP GAS & ELECTRIC (TX) LLC
APG&E 8 - 10.17¢
8 months
Fixed Rate
|
10.17¢
per kWh at 1,000 kWh
|
Continue |
 |
Atlantic Energy
Atlantic Energy MD LLC 6 - 10.49¢
6 months
Fixed Rate
|
10.49¢
per kWh at 1,000 kWh
|
Continue |
 |
CONSTELLATION NEWENERGY INC
Constellation NewEnergy Inc 10 - 11.49¢
10 months
Fixed Rate
|
11.49¢
per kWh at 1,000 kWh
|
Continue |
Showing the 6 cheapest Lakewood electricity plans based on 1,000 kWh usage.
Best Lakewood Electricity Plans by Usage Level
Lakewood is a walkable Cleveland inner-ring suburb with older housing stock and Lake Erie weather influence. The average household uses 700–900 kWh/month, with winter heating and summer AC driving seasonal variation.
- American Power & Gas
- 7.19¢/kWh at this usage
- 1-month fixed rate
Lakewood Electricity Suppliers
We compare rates from 6 certified CRES providers active in The Illuminating Company’s Lakewood territory. Every supplier below offers plans to Lakewood residents today.
Lakewood Business Electricity Rates
Lakewood’s walkable downtown hosts restaurants, retail, and professional services, with healthcare facilities nearby in the Cleveland Clinic system. Commercial customers access deregulated rates through The Illuminating Company territory.
Business electricity pricing factors in peak demand, load factor, and total volume. A quick quote is the only way to see what rates are available for your specific business profile.
Lakewood Electricity FAQ
Common questions about electricity rates, plans, and suppliers in Lakewood and The Illuminating Company service area.
What is the cheapest electricity rate in Lakewood right now?
The cheapest Lakewood electricity rate is 7.19¢/kWh at 1,000 kWh, offered by American Power & Gas (American Power & Gas of Ohio LLC 1 - 7.19¢). The average across all 21 plans from 6 PUCO-certified providers is 10.67¢/kWh. Under Texas deregulation, Lakewood residents can switch providers freely through the Power to Choose marketplace. Switching from the average to the cheapest plan saves roughly $35/month. Rates are refreshed multiple times daily.
What is the average monthly electric bill in Lakewood?
Based on today’s average rate of 10.67¢/kWh, expect about $107/month for 1,000 kWh of usage in Lakewood. EIA data shows Texas homes typically consume 1,140 kWh/month, above the national average. On the cheapest plan at 7.19¢, supply drops to $72/month. Add your local utility’s regulated delivery fees for the total bill amount.
Who delivers electricity in Lakewood?
your local utility owns the wires, poles, transformers, and meters in Lakewood. As the PUCO-regulated EDU, your local utility delivers every electron to your home regardless of which of the 6 providers you buy supply from. Your supplier handles billing and your per-kWh rate; your local utility handles the physical grid and outage response.
How do I switch electricity providers in Lakewood?
It takes about five minutes: compare plans, pick your provider, and enroll online. your local utility processes the switch in 1–2 billing cycles under PUCO regulations. No technician visit, no interruption, no equipment changes. Your CRES (Competitive Retail Electric Service) provider handles all coordination with your local utility. Same power, same grid, same meter — just a new rate on your bill.
Are there renewable energy plans in Lakewood?
Many Lakewood electricity providers offer plans with renewable energy content sourced from Texas wind and solar farms connected to the ERCOT grid. Plans with higher renewable percentages use Renewable Energy Certificates (RECs) to offset your consumption. Same your local utility delivery, same reliability. Pricing is often comparable to conventional plans, and no home modifications are required.
How much are electricity delivery charges in Lakewood?
In Lakewood, your local utility delivery charges are regulated by the Public Utilities Commission of Ohio (PUCO) and apply uniformly to all customers. These fees cover the physical grid — poles, wires, transformers, meters, and outage crews. Plan rates advertised on comparison sites generally include delivery charges already. The Electricity Facts Label (EFL) for every plan shows the exact split between supply costs and your local utility’s delivery fees.
Should I choose a fixed or variable rate plan in Lakewood?
A fixed-rate plan in Lakewood locks your per-kWh supply rate for the contract term, shielding you from ERCOT wholesale price swings. Variable plans may start lower but can increase monthly without notice. With Lakewood fixed rates starting at 7.19¢/kWh, locking in before summer — when Texas wholesale prices historically spike — gives most households more predictable bills and lower overall costs.