Study: Lack of competition to blame for Ohio electricity cost increases

A new study by Ohio State University says most of the electricity cost increases in the state since 2008 are due to a lack of competition in the market.

Midwest Energy News
Contact: Kathiann M. Kowalski

With Ohio’s energy and energy efficiency standards again under attack, a new policy paper from Ohio State University attributes the lion’s share of electricity cost increases since 2008 to utilities and provisions that insulate them from full competition. None of Ohio’s transmission and distribution utilities have moved to the Market Rate Offers envisioned when lawmakers enacted Senate Bill 3 in 1999, noted lead author Noah Dormady. Instead, the utilities continue to get rates based on Electric Security Plans, or ESPs.

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