How HB15 Affects Ohio Electric Intro Plans - NEW HB15 RULES TARGET TRICKY INTRO PLANS
[Variable rate plans under HB15 must follow new rules. Learn why these are important to Ohio electricity customers and how they help save money.]_When HB15 takes affect this summer, it changes the rules for variable rate month-to-month plans. Find out how it may help you save more on your Ohio electricity._
If you've shopped for cheap electricity rates [https://www.ohenergyratings.com/electricity-rates], then you've likely bumped into an electric intro plan. These plans often offer cheap short term rates that can save you a lot of money. But many Ohio families end up paying much more than they expect when the plans switch terms after they expire. That's why Ohio lawmakers have created new rules that can protect homeowners from these surprise rate spikes. But what is HB15 and how will it affect Ohio electric intro plans?
WHAT IS HB15?
House Bill 15 [https://www.dickinson-wright.com/news-alerts/ohio-house-bill-15-odonnell-shimp] (HB15) is a massive energy reform bill. The Ohio General Assembly passed the bill on April 30th and is likely to be signed into law. Right now, the new law is projected to go into effect early August.
The bill is primarily focused on encouraging more in-state electric generation to answer Ohio's growing energy demands. We've talked about HB15 previously, but these are some of the major parts of the bill [https://www.ohenergyratings.com/blog/ohio-hb15-seeks-en...
