New Ohio Demand Response Law May Cut Electricity Bills - NEW OHIO LAW COULD CUT BILLS
[You could cut your utility bills the easy way if a new demand response law is passed.]_Learn what demand response is and how a new Ohio law could help you use it to lower your future electricity bills the easy way._
Many Ohio energy [https://www.ohenergyratings.com/] customers have sky high bill problems. Natural gas dependence and rising energy demand only makes customer bills worse. That's why Ohio lawmakers have introduced a bill to reduce electricity rates [https://www.ohenergyratings.com/ohio-electricity-rates-by-city] by creating demand response programs. But what is demand response and how could it cut down your bills?
WHAT HB427 DOES FOR OHIO CUSTOMERS
Electric rates rise during periods of high demand [https://www.eia.gov/todayinenergy/detail.php?id=65284]. This is called "scarcity pricing". For this reason, Ohio electric prices tend to peak at different parts of the day. That's especially true in the summer due to high use. House Bill 427 [https://search-prod.lis.state.oh.us/api/v2/general_assembly_136/legislation/hb427/00_IN/pdf/] allows utilities to reduce their electric load during peak hours through demand response programs. If passed, PUCO would evaluate each demand response [https://www.energy.gov/oe/demand-response] program based on whether it would lower prices and help protect the Ohio grid. Once approved, utilities would offer customers bill credits in exchange f...
