Navigating the Complexities of Ohio House Bill 6
Ohio House Bill 6, also referred to as the Ohio Clean Air Program, was passed into law back in July of 2019 and it went into effect in October. The bill’s primary purpose is to subsidize two FirstEnergy Solutions/Energy Harbor nuclear power plants and two coal plants. Reports estimate that $170 million a year will be generated by ratepayers in both the commercial and residential sectors. Of that, roughly $150 million will go to the power plants and the remaining $20 million to six solar energy projects in the state. Although these changes have the potential to boost costs for commercial and industrial customers, a savvy and strategic approach can help keep your energy budget on track. Here’s what you need to know about Ohio House Bill 6:
- Ratepayers will receive a monthly surcharge ranging from $0.854 and up to $2,400 for large-scale industrial operations between 2021 and 2027.
- After January 2020, an additional $1.50 surcharge will begin
- Renewal energy target for Ohio reduced from 12.5% by 2027 to 8.5% by 2026.
- Utilities able to stop energy efficiency programs once energy usage reductions reach 22% by 2027.
Per the FirstEnergy website, Ohio Edison, The Cleveland Electric Illuminating Company, and The Toledo Edison Company are not accepting new Ohio Energy Efficiency C&I Programs at this time and until further notice.
Ohio House Bill 6 involves many complex and potentially costly changes. With the right insight and strategy in place, however, it is possible to keep your energy budget in tact and energy goals on track. Talk to your Premier Power Solutions energy consultant today about how to make the best energy choices for your business.