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Ohioans enjoy below average energy rates when compared to the rest of the U.S. states according to the Institute for Energy Research. More than 80 percent of Ohio's generation comes from coal-burning generators. However, as states begin to incorporate renewable resources into their energy portfolio, gas-fired energy sources will be subject to emissions regulations. This could make energy rates unpredictable as Ohio energy providers find solutions to adhere to emissions standards while trying to keep costs down. As an observer of the Midwest Greenhouse Gas Reduction Accord, carbon dioxide regulations could shape energy rates as more and more neighboring states begin adopting them.
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When seeking out retail energy providers in the Ohio area, ratepayers should consider the shifting energy climate nationally. As there is no way to inexpensively separate and collect greenhouse gases from combustion-based energy sources, Ohio ratepayers can expect to see a correlation between any future changes in their state's energy portfolio and their monthly natural gas costs as well as overall Ohio electricity rates. Coal will continue to deliver inexpensive and reliable energy to customers in Ohio for a long time, but more and more environmental regulations are leading energy providers to seek out new ways of supplying power.
By keeping an eye out for rates offered from other Ohio energy providers, customers choosing the best natural gas or electric company can stay aware of the lowest possible prices available to them.
See Also: Akron, Cincinnati, Cleveland, Columbus, Dayton, and Toledo.
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