News and Analysis
OMA Connections Partner Scioto Energy reports that Ohioans can expect lower costs for electricity generation in 2020, thanks to a 13% drop in the wholesale electricity market from this time last year. This is the result of continued strong natural gas production, as well as gas storage inventories returning to healthy levels.
While generation costs are going down, distribution and transmission costs are going up. Scioto Energy’s experts say Ohio’s controversial House Bill 6, which is now law, will bring new charges to your utility delivery invoice in order to provide generous subsidies to nuclear and coal plants. These charges, however, are not expected to hit Ohio consumers until 2021. 1/2/2020
The U.S. Energy Information Association forecasts a 2.2% decrease in CO2 emissions for 2019, once all the data is collected for the past 12 months. The decrease is due almost solely to fewer emissions from coal. This is especially noteworthy considering the U.S. continues to set records for energy use. 1/2/2020