Don't pay high prices in the Vectren Energy Service Area! Shop the Best Natural Gas Rates and Plans in Ohio! (2024)

How to Start New Vectren Service

Start your new service by calling Vectren customer service at 1-800-227-1376.

You can request new service by creating your Vectren Energy Delivery account submitting a request on-line at least one week in advance. You will also need to provide:

  • Your name
  • Social Security number
  • Date of birth
  • Bill delivery preferences
  • Email address
  • Phone number
  • Address where you want service
  • Landlord name and phone number if you rent the dwelling
  • Date you want service to start
  • Instruction for accessing the inside of the property
  • Pet information
  • Contact details

Once Vectren recieves the service request, it takes 1-3 business days to complete.

Will I Need to Pay a Deposit?

Vectren checks your credit worthiness before setting up an account and to determine whether you will need to pay a deposit.

Typically, Vectren performs an Experian credit inquiry. Typically, deposit is not required if you pass.

TIP -- Be sure to unfreeze your credit. If you have frozen your credit with any of the major credit agencies, you will need to have it temporarily unfrozen before you submit a new service request.

If Vectren's credit inquiry is unsuccessful, you can establish creditworthiness through one of these methods:

  1. The customer demonstrates they are the property owner or meets the legally-accepted practices to verify credit.
  2. The customer has had a prior account with Vectren for the same class of service within the past two years and, in the prior year of service, did not have a late bill more than twice and did not have service disconnected for nonpayment, fraud or tampering.
  3. Have a guarantor who is a customer with the utility company and can pay your bills within 60 days if you fail to do so

Ohio utilities are limited in the amount they can charge for a deposit. Customer deposits can be no more than the estimated average 30-day bill plus 30%.

Understand Vectren Delivery and Supply Charges

In Ohio, residential customers pay for their natural gas in cents per hundred cubic feet (ccf). As with other Ohio natural gas utilities, Vectren requires customers to pay Delivery Charges and Gas Supply charges

  • Delivery Charges are fixed rate charges (tariffs) to cover Vectren's local pipeline operating costs and ensure them a profit. Other usage-based charges are small costs from riders to fund projects, cover fees, etc. These charges must be approved by PUCO. All Vectren customers pay the same rate no matter who supplies their gas.
  • Gas Supply Charges is the price for the natural gas that you use. Customers can choose the Vectren Standard Choice Offer (SCO) or a competitive retail natural gas supplier (CRNG).

Understand the Vectren Standard Choice Offer (SCO)

The Standard Choice Offer (SCO) is a PUCO-approved default rate for the natural gas supply that you can select if you don't want to shop for retail supplier. Though how rates are determined might seem confusing, the process helps keeps prices low.

  1. Each April, Vectren sets a retail price adjustment in cents per ccf after an auction to choose SCO suppliers.
  2. Suppliers that place the lowest bids are selected to provide the natural gas to SCO customers.
  3. Each month, Vectren determines rates by adding the NYMEX month-end natural gas settlement price to the retail price adjustment.
  4. This price is then passed directly to SCO customers without mark up. By law, Vectren of Ohio is prohibited from profiting.

As a result, the SCO gas supply price varies from month-to-month. Sometimes it's low, sometimes it's high. And though the SCO suppliers are also competitive retail suppliers, they are bound by law to charge the SCO rate to all of Vectren's SCO customers.

Vectren Current SCO Rate

Residential: 0.397 cents per ccf

Expiration date: 10/31/2024

Customers who have signed up for the Vectren SCO rate in 2020 are currently served by one of four suppliers:

  • Constellation New Energy-Gas Division
  • DTE Gas Supply
  • Ohio Natural Gas (Southstar)
  • Spire Marketing, Inc.

NOTE: Some Ohio municipal utilities purchase power for their local residents. Usually residents need to pay an opt-out fee if they don't want their natural gas service to be aggregated. Check with your local government to learn how you might be effected.

How Much Does The Vectren SCO Cost?

According to PUCO's estimates, the average Ohio home uses roughly 100 ccf per month.

Assuming the average Ohio monthly usage rate of 100 ccf, an average Vectren SCO bill roughly breaks down like this:

Rate per 100 ccf UsedMonthly Customer ChargeTotal
SCO Supply Rate0.397 cents 0$39.68
Monthly Distribution Charges$0.035595$4.00$30.69
Total Bill $70.37

Understand Ohio Energy Choice

Ohio natural gas consumers are free to choose their own competitive retail natural gas supplier (CRNG). These alternative suppliers shop deals with different producers on the wholesale market to offer competitive rates. As such, their rates are not controlled by PUCO. This way, retail suppliers are able to offer competitively priced fixed rate plans for a variety of term lengths.

Though it can seem confusing, shopping natural gas plans is an easy process. The trick is finding the one that meets your needs. That's why retail natural gas suppliers in Ohio offer two types of plans:

  • Fixed Natural Gas Rates have their price rate set for the same price over the term of the contract. That means customers can count on stable gas rates on plans lasting from 6 to 36 months. However, many fixed rate plans come with early cancellation fees for breaking a contract early.
  • Variable Rates Want to avoid getting tied to a natural gas plan for months or years? Then choose a variable plan. Variable plan rates on these contracts can change from month to month depending on the price of natural gas. But while there's no contract, there's nothing to prevent your rate from going up one month or down the next. However, these plans don't have any termination fees and this allows customers the flexibility to shop for new rates and switch to better deals without paying any penalty.

Understand Your Vectren Usage

In the east north central region of the U.S., up to 55% of an average home's energy usage goes to space heating. The rest is used for heating water, running clothing dryers, and cooking. Natural gas makes up 65% of energy used for home heating in Ohio, putting it among the top 10 natural gas-consuming states.

That means the best way to save on your natural gas bill is to reduce your usage by sealing your doors and windows against drafts, adding insulation to your attic, sealing and insulating your basem*nt, and purchasing a programmable or smart thermostat.

Vectren offers its customers with Vectren.com accounts access to a free on-line suite of energy assessment tools to help your pinpoint ways to save energy in your home by using actual billing data from your energy bills.

Understanding Your Vectren Bill

Your Vectren bill also comes packed full of useful information to help you better understand your usage and rate. But all these different line items that can be confusing to customers. Here is where we break down the most important items. Below is a sample Vectren Natural Gas bill.

Vectren Sample Bill

Don't pay high prices in the Vectren Energy Service Area! Shop the Best Natural Gas Rates and Plans in Ohio! (1)

  • Account summary features the the date of the bill, the amount and date the payment is due, and the amount due if payment is late.
  • Current charges show the supply charges, Vectren delivery charges, plus any past-due amounts.
  • This account profile shows your account info, service address, and including contact info.
  • Energy tip. Vectren includes useful tips on how you can save energy on every bill.
  • The usage history can help you see your past 13 months of usage. Includes average temperature to help you better understand your usage and estimate future bills. It also shows your next scheduled meter read.
  • This natural gas service information features the meter-read date, number of days in the billing period, and how the usage amount (in ccf) was determined.
  • Vectren Energy Delivery Charges shows the cost of sending your natural gas through Vectren's local pipeline network to your home. This also your monthly customer charge.
  • Gas supply charge shows the name of your supplier (whether Vectren SCO or a retail provider), the amount for your usage and tax.
  • Usage history breakdown shows the amount of your monthly usage for the past 13 months.
  • Bill stub that you send to Vectren listing the amount due and the amount enclosed.
  • Contact information and your account number.

Vectren Coupons, Energy Promotions, Discounts, Rebates and Promo Codes

As your local natural gas utility, Vectren offers several rebate and energy efficiency programs to help customers save money off their monthly bill by upgrading their home's energy performance. Some programs also offer money-saving incentives while others could make paying your monthly bills much easier during those expensive winter months.

Program NameProgram TypeBenefit
Save with rebates on smart thermostatsRebate Program

Available via the DP&L Marketplace:

  • $75 off Energy Star listed"Smart" Wi-Fi enabled thermostat
  • $30 off "Basic" Wi-Fi enabled programmable thermostat.
Get an rebate for an Energy Star certified residential natural gas heating system.Rebate Program
  • $400 instant rebate for Energy Star certified natural gas furnace.
  • $500 instant rebate for a certified natural gas boiler.
Insulation & Home Sealing RebatesRebate Program
  • $250 rebate for air sealing with your home.
  • $600 rebate for insulating your attic.
  • $700 rebate when you add wall insulation.
  • All work must be completed by a program-approved contractor.
Vectren Home Weatherization ProgramResidential Energy Efficiency

Income-eligible homeowners and renters whose income does not exceed 300% of the poverty guidelines of the Federal Poverty Guidelines may receive energy efficiency improvements to their homes at NO COST:

  • Energy audit to determine improvements.
  • Upgrading insulation.
  • Installing a new natural gas furnace.
PUCO Winter Reconnect OrderBill payment assistanceStarting October 5, if your service has been shut off for non-payment or you have a shutoff notice, you can maintain or restore service for just $175 plus a reconnection fee - no matter how much you owe. Call Vectren Customer Service.
Home Energy Assistance Program (HEAP) Bill payment assistanceFederal grant to help pay your winter heating bills.To qualify for HEAP, your annual household income cannot exceed 175% of the poverty guidelines.
Winter Crisis ProgramBill payment assistanceRuns from November 1, 2020 to May 1, 2021 for customers whose service is shut off for non-payment or have received a shutoff notice.Customers who meet income eligibility requirements can receive a grant. Contact your local Energy Assistance Provider.
Percentage of Income Payment Plan Plus (PIPP Plus)Bill payment assistanceHelps eligible Ohioans manage their energy bills year- round. Payments are based on a percentage of household income and are consistent year-round. To qualify your annual household income cannot exceed 150% of the federal poverty guidelines.
Share the Warmth, Inc.Bill payment assistanceVectren established the Share the Warmth Foundation to assist income-eligible households with home weatherization measures to reduce their energy bills. Annual funds are distributed to Ohio Low Income Weatherization Assistance Programs.
Equal Payment PlansBill payment assistance

Vectren offers a variety of payment plans that allow you to avoid spiking mid-winter bills or to pay your past due balance over a period of pre-determined months.

  • Budget Bill is a free billing option that estimates your annual energy bill and divides it by 12, so you pay the same amount each month. Overpayments or underpayments get "trued-up" at the end of the year.
  • The One-Sixth Plan Each month, you will pay your current charges plus a portion of your past due balance over a 6 month period. An initial down payment is required.
  • The One-Ninth Plan Customers must agree to a Budget Plan amount for their projected monthly costs each month. Each month, you will pay this plan payment amount plus a portion of your past due balance over nine months.
  • The Nine-Month Basic Extended Payment Plan Each month, you will pay a portion of your past due balance over a 9 month period. An initial down payment is required.

Vectren Reviews

Because Vectren serves a large segment market, understanding how it compares to other large-scale incumbant utilities can show just how well it serves its residential customers. Vectren is accredited with the BBB and was well-rated in J.D. Power's 2020 Gas Utility Residential Customer Satisfaction Study.

OH Energy Ratings ScoreBetter Business BureauJ.D. Power 2020
N/A accredited,A+ rating740of 1000 pts

How do I Get the Cheapest Vectren Rate?

Shopping for a new Vectren Energy Choice Plan can seem bewildering at first. Once you understand how it works, though, it's an easy and straightforward process. That said, you should have these three things with you when you shop for natural gas.

  1. Your current bill. Your past usage per billing period can help you estimate a how much a plan might cost you each month.
  2. The current Vectren SCO rate and expiration date. Knowing the current Vectren of Ohio Standard Choice Offer gives you a price to compare with retail gas suppliers. This way, you can get a better feel for what they're offering, for how long, and if any of their incentives make their price work for your family's need.
  3. Your Vectren of Ohio customer account number. This 19 digit number begins with "0 3". Having it handy lets you sign up for retail supplier offers right away.

Vectren Shopping Questions

Often when you know the right questions to ask you'll learn exactly what you need to save money or avoid making a bad choice. When you shop for natural gas service in Ohio, always be sure to ask these important questions:

  • Is the rate competitive with the SCO?
  • Is the rate variable or is it fixed?
  • How long does the plan last?
  • What happens when the contract expires?
  • Does the plan have any recurring charges?
  • Does the plan come with an early cancellation fee?
  • Does the supplier offer any customer incentives or rewards?

There are also some other important things to understand ahead of time:

Who bills me? Vectren sends a single bill that outlines and adds up your monthly charges.

What are the Terms of Service? The Terms of Service explain and identify specific charges and any fees a customer will face when they sign up for an natural gas plan. Many suppliers offer different rates for plans with different term lengths. All Ohio natural gas customers should read and understand the terms of service and contract summary for any plan they are interested in before they sign on to the plan.

What are early termination fees? Switching retail suppliers before a contract ends can involve paying early termination fees. These can take a chomp out of your checking account you if you want to switch retail providers before your natural gas plan contract ends.

Where can I find more information on my usage? Vectren customers can request up to 24 months of their gas usage plus other relevant information free of charge.

Compare Ohio Natural Gas Rates in Your Area

Problems or interruptions with your Vectren natural gas supply? Here's the proper people to call:

  • Billing problems? - First thing to do is contact Vectren. If you have trouble paying your monthly bill call Vectren's Customer Service: 1-800-227-1376
  • Natural gas service outage? Call Vectren immediately.

Aging natural gas pipeline need to be replaced to maintain safety and reliability. If you have a service interruption, not only shuould yo call Vectren but you can also check Vectren's Projects Map to see if these projects are affecting your service.

What If You Smell Natural Gas?

Natural gas leaks are extremely dangerous. Any kind of spark can ignite an explosion. Leave the area immediately if:

  • You SMELL natural gas. Mercaptan is added to natural gas to give it the distinctive stink of rotten eggs.
  • You HEAR unusual sounds like hissing or whistling.
  • You SEE a damaged connection to a natural gas appliance, dirt or water blowing into the air, a dry patch of grass, or a fire or explosion near a pipeline.

Don't try to find the source of the leak. Just stop what you're doing and move to a safe distance at least 350 feet away.

Call 911 immediately and then notifiy Vectren of Ohio at 1-800-227-1376!

Vectren of Ohio Providers

CompanyRatingPhone
Constellation (4.5/5)866-630-0685
(4/5) 866 682 9816
Frontier Utilities (3.9/5)877-291-6554
Energy Harbor (3.9/5)866-902-8105
Tomorrow Energy (3.7/5)888-392-8329
CleanSky Energy (3.7/5)800-581-1016
Santanna Energy Services (3.6/5)866-604-2505
XOOM Energy (3.5/5)
Symmetry Energy Solutions (3.4/5)
Direct Energy (3.3/5)844-225-3948
(3.3/5) 866-929-2842
Mercury Energy (3.2/5)
Public Power (3.1/5)844-785-8526
NRG Home (3/5)
Major Energy (2.7/5)
Vista Energy (2.5/5)888-201-3877
(2.1/5)866-788-8348
SFE Energy (2/5)
Spark Energy (2/5)
(2/5)
(2/5)
(2/5)
Kiwi Energy (0/5)
(0/5)
24 results

Zip Codes with the Cheapest Natural Gas Rates in Ohio

45011

44035

44256

44060

43055

43130

43123

45601

44077

43081

43701

45840

43302

43026

45140

45044

45013

44107

43068

43230

Don't pay high prices in the Vectren Energy Service Area! Shop the Best Natural Gas Rates and Plans in Ohio! (2024)

FAQs

Who has the lowest natural gas prices? ›

States with the cheapest natural gas rates
StateResidential gas rates March 2024
North Dakota6.87
Montana7.84
Idaho8.43
South Dakota8.98
6 more rows

What month is natural gas the cheapest? ›

Though prices can fluctuate depending on supply/demand fundamentals, natural gas prices are often at their lowest during the fall and spring seasons.

Where are natural gas prices the highest? ›

The state with the highest price of natural gas for industry in 2023 was Hawaii, standing at 28.4 U.S. dollars per thousand cubic feet, a decrease when compared to the previous year. During the same year, Texas had the lowest industrial natural gas price in the country, at 2.7 U.S. dollars per thousand cubic feet.

Why are natural gas prices so high? ›

A pipeline explosion in 2021 had already reduced capacity to move gas from Texas and neighboring states, where much of California's supply comes from. Additionally, the past few months in California have been especially cold, creating an unusually high demand for heating.

Who is the best gas provider? ›

Best energy suppliers in 2024
Energy SupplierCustomer satisfaction score*Overall Score**
Co-op Energy56%64%
E60%64%
Ovo Energy50%63%
EDF Energy53%62%
6 more rows

What is the current spot price for natural gas? ›

Henry Hub Natural Gas Spot Price is at a current level of 2.13, down from 2.19 the previous market day and down from 2.68 one year ago. This is a change of -2.74% from the previous market day and -20.52% from one year ago. The Henry Hub Natural Gas Spot Price measures the price in US Dollar per 1 Million Btu.

Is now a good time to lock in natural gas prices? ›

Since the temperature is usually more moderate in late spring and early fall, fewer people rely on natural gas to heat and cool their homes during those times. Lower usage is a factor in causing market prices to drop, making the shoulder months typically the best time to lock in natural gas rates.

What day of the week is gas usually the cheapest? ›

Buy Gas on Monday or Tuesday

Be strategic about the days you fill up at the pump. “For gas, Mondays and Tuesdays tend to be the cheapest days to fill up your tank as demand is lower at the beginning of the week,” Anderson said.

Will natural gas prices go down in 2024? ›

According to the March 2024 Short-Term Energy Outlook, the Henry Hub spot price averaged $6.67 per Mcf in 2022 and $2.63 per Mcf in 2023. The sameforecast shows an average Henry Hub spot price of $2.36 per Mcf in 2024 and $3.06 per Mcf in 2025 (nominal prices).

What state has the cheapest natural gas? ›

The cheapest residential natural gas rates

Utah has the cheapest natural gas rates, coming in at $9.12 per 1,000 cubic feet. That's nearly 8 percent lower than No. 2 Montana.

Who has the highest gas prices? ›

Which State Has the Highest Gas Prices?
StatePrice Last Week
1Hawaii$4.72
2California$4.81
3Washington$4.33
4Illinois$3.83
1 more row

Who controls natural gas prices? ›

The wellhead price is the wholesale price of natural gas at its point of production. It is not regulated and the most important factor affecting natural gas wellhead prices is the competitive marketplace.

What uses the most gas in a home? ›

Heating is the one of the top energy expenses for most customers. In fact heating can account for more than half of your total natural gas bill.

Why am I using so much gas in my house? ›

Why am I using so much gas in my house? If you use your central heating a lot you will use more gas. But there are other reasons why your usage may be high, for example you may have an inefficient boiler or your home may be poorly insulated.

What is the latest prediction for natural gas? ›

Natural Gas price forecast H2 2024: The Henry Hub natural gas spot price is forecasted to average almost $2.90 per million British thermal units (MMBtu) in the second half of this year according to EIA, because of their revised forecast drop in U.S. natural gas production in 2024.

What states have the lowest natural gas prices? ›

States in the Gulf Coast region, such as Louisiana and Texas, benefit from proximity to major natural gas fields and infrastructure. These factors reduce transportation costs and supply chain complexities, leading to lower prices for consumers.

Who has the lowest gas prices in the US? ›

Mississippi has the lowest average gas price ($3.00 per gallon), ahead of Louisiana ($3.10) and Texas ($3.11). Average gas prices jumped the most between July 19, 2023, and July 19, 2024, in Ohio (5.6%), Indiana (3.2%) and West Virginia (2.2%).

How much is natural gas in PA? ›

Basic Info. Pennsylvania Natural Gas Residential Price is at a current level of 13.68, up from 12.50 last month and down from 15.09 one year ago. This is a change of 9.44% from last month and -9.34% from one year ago.

What is the price of natural gas in Texas? ›

Basic Info. Texas Natural Gas Residential Price is at a current level of 21.27, up from 16.10 last month and up from 17.65 one year ago.

Top Articles
Latest Posts
Article information

Author: Margart Wisoky

Last Updated:

Views: 5369

Rating: 4.8 / 5 (78 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Margart Wisoky

Birthday: 1993-05-13

Address: 2113 Abernathy Knoll, New Tamerafurt, CT 66893-2169

Phone: +25815234346805

Job: Central Developer

Hobby: Machining, Pottery, Rafting, Cosplaying, Jogging, Taekwondo, Scouting

Introduction: My name is Margart Wisoky, I am a gorgeous, shiny, successful, beautiful, adventurous, excited, pleasant person who loves writing and wants to share my knowledge and understanding with you.