Ohio Electricity Rates
Electricity Rates in Magnetic Springs, OH
Served by AEP Ohio
Effective Utility Rate
9.94¢/kWh
AEP Ohio's current generation rate — any lower offer saves you money.
| Supplier | Rate (¢/kWh) | vs. Utility | Type | Term | |
|---|---|---|---|---|---|
| American Power & Gas of Ohio, LLC | 6.45¢ | -3.49¢ | variable | 1 mo. | Enroll → |
| American Power & Gas of Ohio, LLC | 7.45¢ | -2.49¢ | fixed | 3 mo. | Enroll → |
| American Power & Gas of Ohio, LLC | 7.95¢ | -1.99¢ | variable | 1 mo. | Enroll → |
| American Power & Gas of Ohio, LLC | 7.95¢ | -1.99¢ | fixed | 3 mo. | Enroll → |
| SFE Energy Ohio, Inc | 7.99¢ | -1.95¢ | fixed | 6 mo. |
History of Magnetic Springs
Magnetic Springs was platted in 1879 when underground springs were discovered there. The community earned its name from the mineral waters used for healing processes. Word spread across the country of these springs, and tourists began visiting from locations nationwide; even foreigners appeared occasionally. Hotel resorts sprang up, and the village boomed. Following the discovery of modern medicinal cures, including the vaccine for polio, the interest in natural healing remedies faded, and the city's tourism industry collapsed. By the early 1980s, the hotel resorts had been torn down.During the Prohibition era of the 1920s, the village was a local hotbed of bootlegging and gambling, although it faced vigorous opposition from the mayor, Mary McFadden. She also led bond raising campaigns for public services and a larger town hall, and to encourage full council meetings she cooked dinner for all the members.
Wikipedia →Magnetic Springs by the Numbers
- Population
- 326
- Median Age
- 36.1 yrs
- Median Household Income
- $64,500/yr
- Median Home Value
- $121,300
- Homeownership Rate
- 61%
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
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