Members of the Ohio House Public Utilities Committee this week heard from numerous important stakeholders who support House Bill 247, legislation sponsored by Rep. Mark Romanchuk (R-Mansfield) that would protect customers’ electricity costs by reforming the PUCO rate setting process in favor of markets.
In his proponent testimony, OMA Energy Committee Chair Bradley Belden, VP-Administration, Belden Brick Company, questioned why policymakers would consider subsidies for electric generation and urged lawmakers to approve the bill to put a stop to above-market charges layered on the distribution portion of customer bills.
OMA Government Affairs Committee Vice Chair Luke Harms, Sr. Manager, Government Relations, Whirlpool Corporation, also provided proponent testimony saying, “Above-market charges are an issue of concern for manufacturers of all sizes because they drive up energy costs without delivering any additional benefit to customers. And this is happening at a time when market prices are in decline and electric bills should be dropping, not rising.”