NOPEC Rate Hikes: Shop Around or Stay?
Cleveland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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NOPEC Rate Hikes Announced: Northeast Ohio Residents Weigh Options for 2026-2027
Residents in Northeast Ohio communities face a decision every three years regarding their electricity provider, the Northeast Ohio Public Energy Council (NOPEC). NOPEC, a nonprofit, buys electricity in bulk to keep costs down. Recently, NOPEC announced rate hikes for the upcoming year, with the standard price increasing from 8.999 cents to 9.999 cents per kilowatt-hour in June 2026. The twelve-month rate also rises from 8.923 cents to 9.799 cents.
While these increases may seem concerning, they are less severe than the market price fluctuations experienced in 2022 and 2023, when suppliers like FirstEnergy caused bills to more than double. In Ohios deregulated market, homeowners can explore competitive options from other suppliers. If youre satisfied with NOPEC, no action is required to automatically roll over to the new rates. Opt-out letters with instructions will be sent, so stay tuned to your mail and decide promptly to secure the best rate for your home.
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