Lawmakers Closer to Overhauling Ohio Energy Market - OHIO CLOSER TO ENERGY MARKET CHANGE
[The Ohio energy market is getting revamped and modernized. Find out what key changes could cut your electricity rates.]_Ohio lawmakers are hammering out two bills to modernize the state's energy market which may help reduce your monthly electricity rates._
It's no secret that Ohio has a problem with electricity rates [https://www.ohenergyratings.com/ohio-electricity-rates-by-city]. In fact, EIA 2023 estimates show Ohio homes paid over $120 per month on average. Mind you, those come well before recent rate hikes [https://www.ohenergyratings.com/blog/akron-residents-facing-40-per-month-hike/] and concerns about increased energy demand. But Ohio lawmakers have been working to reform the state's energy market to make your rates a lot more affordable. Here's what you need to know about Ohio's potential energy market overhaul.
NEW OHIO ENERGY REFORM BILLS
The Ohio Senate and House recently passed bills SB2 and HB15 [https://www.legislature.ohio.gov/download?key=24950]. These bills are packed with many provisions to help reform Ohio's energy market [https://www.ohenergyratings.com/blog/ohio-hb15-seeks-energy-market-overhaul/]. This includes quite a bit of discussion on renewable energy, rates, and pricing. While this means both bills are similar, key differences do exist.
For example, both bills prevent companies from adding Electric Security Plans to bills. This keeps companies from ...
