Latest Attack On Free Market Helps Big Utilities While Hurting Consumers
(Solon, Ohio) – The proposal introduced this week in the Ohio Legislature forcing Northern Ohio electric customers to subsidize uncompetitive and aging nuclear plants will further erode Ohio’s march toward a free market energy economy and cost consumers billions of dollars, said the Northeast Ohio Public Energy Council (NOPEC).
“We oppose this bill,” said Chuck Keiper, executive director of NOPEC. “This is yet another subsidy for big utilities that hit Northern Ohio electric customers in their pocketbooks. People who believe in a free market must defeat this bad idea.”
The legislation would create zero-emission credits for FirstEnergy Corp.’s Perry Nuclear Power Plant and the Davis-Besse Nuclear Power Station near Toledo. Under the proposal, the credits would be paid for by increasing electric rates for individuals and businesses up to 5 percent of their June 2015 total rate. The rate increase would hit 2 million Northern Ohio electric customers, including over 480,000 NOPEC customers.
NOPEC is a nonprofit council of governments that helps communities negotiate better deals on electricity and natural gas and currently offers energy choice to electric customers in 13 Northern Ohio counties.
“We’re not chipping away at the free market system. We’re taking chunks out of it,” said Ron McVoy, chairman of the NOPEC Board of Directors and a North Kingsville Village councilman. “We’re going to stand up for the free market and for our electric consumers.”
Download the full press release: Electric Customers will Pay the Price for Legislation to Prop Up Nuclear Power Plants