HB15
Amend competitive retail electric service law
Summary
The bill amends various sections of the Ohio Revised Code related to competitive retail electric service, including changes to the certification process for electric utilities and the regulation of competitive retail electric services. It establishes requirements for electric utilities to provide competitive services and outlines the conditions under which these services may be regulated or exempt from regulation. The bill also addresses the taxation of electric company property and repeals certain sections of previous legislation.
Rationale
The bill introduces regulatory frameworks and requirements for electric utilities, which may conflict with Libertarian principles advocating for minimal government intervention in markets. However, it does contain elements that support competition and consumer choice, aligning partially with the LPO's emphasis on free markets.
Risks and Concerns
- Increased government regulation may stifle competition.
- Potential for cronyism in utility certifications.
- May lead to higher costs for consumers due to regulatory compliance.