A new Cleveland State/Ohio State University study shows deregulation of electricity has saved Ohio consumers $23.9 billion since 2011. This study is particularly timely given the current energy debate taking place in Ohio.
Consider just this fact: While Ohio consumers will continue saving $3 billion per year by choosing electricity suppliers in a deregulated market, more and more of every Ohio electric bill is made up of charges that consumers have been ordered to pay to help bolster utility companies’ profits. The study shows that portion went from 35% to 43% from 2016 to 2018. And it is likely that percentage will only increase with the proposed legislation and regulations currently being considered.
For more information and to review the study, visit www.saveenergychoiceohio.org. Contact Mary Ripley at mripley@nopec.org or 440-249-6119 if you would like additional background and information on this issue. I’d be happy to put you in touch with the study’s authors and our leadership here at NOPEC for interviews and more details.
NOPEC is a nonprofit council of governments that works cooperatively to provide a competitive environment for energy and cost savings for the nearly 900,000 residents and small businesses it serves in more than 230 communities in 17 counties throughout Ohio.
