OVEC Subsidies Dramatically Increase, $100M in the first half of 2024

The OMA’s energy experts, Runnerstone LLC, recently published a memo detailing the dramatic increase in rider costs this year, totaling about $100 million from January through June.

By then, Ohio ratepayers will have paid ~$500 million in OVEC subsidies in total, including both pre-HB6 and HB6 subsidies, with a forecast of close to $1 billion by 2030. 2/14/2024