Ohio Governor Signs HB 15 - HB 15 ELECTRICITY REFORMS BECOME LAW
[Governor DeWine signed HB 15 into law. The measure reforms Ohio's electricity market to cut costs and encourage more power plants.]_Governor DeWine recently signed HB 15 into law. The new measure will reform the Ohio energy market. But, it may take time for changes to show up on your monthly bill._
We all know that Ohio energy [https://www.ohenergyratings.com/] demand is getting bigger. And this year as summer energy demand rises, so will Ohio electricity rates [https://www.ohenergyratings.com/ohio-electricity-rates-by-city]. So, with the rising risk of an energy shortage, Ohio lawmakers passed HB 15 to reform the state's energy market. Shortly after, HB 15 went to Governor DeWine and on May 15, he signed these reforms into law. So, let's go over HB 15 and see what does it mean for Ohio families.
WHAT IS HB 15?
The energy market reforms [https://www.ohenergyratings.com/blog/lawmakers-closer-to-overhauling-ohio-energy-market/] in HB 15 target electric rates, energy pricing, and how to handle green energy. Specific fixes include blocking the state's utilities from using electric security plans. Utilities sometimes used these to insert riders that added fees onto customer bills. Also, lawmakers sought to stop utilities from asking for sudden and hefty rate hikes. As a result, the law now requires utilities to file rate cases three years.
The new law also reduces the property tax [https://www.timesleadero...
