Re-regulation of Ohio’s power market “will get a long, hard look at the Statehouse this year,” as American Electric Power Company Inc. (AEP) pushes a proposal arguing that “deregulation is harming [AEP] so much that its remaining power pants in the state are too expensive to operate and has made it too costly to build new ones,” Columbus Business First reports. However, “developers building natural gas-fueled power stations in the state,” which are privately funded, “warn that a return to a regulated marketplace would force them out and make it more expensive for Ohio electricity consumers.” Companies with high power consumption also “want to keep the ability to shop for the lowest rates through retailer energy sellers,” according to the article. AEP has said it will continue to allow customers to shop for power. For more, read the full article.
Will Ohio lawmakers re-regulate state’s power market in 2017?
