Energy / Utilities

Deregulation shaved $15 billion from Ohio electric bills, lawmakers to meet Friday to re-regulate

CLEVELAND — “Consumers, businesses and industries saved $15 billion on electricity between 2011 and last year and are on course to save the same amount by 2020, the Northeast Ohio Public Energy Council, or NOPEC, said today.

The claim is based on joint research and statistical analysis completed for NOPEC by Cleveland State University’s Maxine Goodman Levin College of Urban Affairs and Ohio State University’s John Glenn College of Public Affairs.

But those savings, thanks to deregulation, could end soon.

…In releasing the results of the study, Chuck Keiper, NOPEC’s executive director said the CSU-OSU analysis shows that deregulation has kept prices lower than they would have been under traditional regulation.”

— John Funk, Cleveland Plain Dealer

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