News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Area Agency on Aging 10B, Inc.

Levin Furniture

Akron Children's Hospital


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Ruling cuts back regulation of natural gas prices
PUCO allows Dominion East Ohio and Columbia Gas to abolish "standard rate" for businesses
by WKSU's KABIR BHATIA


Reporter
Kabir Bhatia
 
In The Region:
Rulings by the state this week ratchet back on regulation of gas prices for businesses in just a few months -- and prepare the state to do the same for residential customers in as little as four years. WKSU's Kabir Bhatia has more.
The Public Utilities Commission of Ohio approved a plan to eliminate regulated rates for business customers of Columbia Gas and Dominion East Ohio. Right now, all customers who don’t choose another option get the regulated rate – which is set at an auction overseen by the state.

The gas companies pushed for the change, which will apply to Dominion’s business customers this April and could apply to homeowners in 2017.

Under the new plan, customers will have to shop around for deals from independent retailers.

PUCO spokesman Jason Gilham says that encourages competition among suppliers, and should lower gas prices. And if it doesn’t work out, “If we see it as unjust or unreasonable or it wasn’t beneficial to consumers, that nothing precludes us from going back to the standard choice offer.”

But Ohio Consumers’ Council spokesman Marty Berkowitz says the state-auction has been working well as another alternative, though utilities don’t like it. 

“It would be easier for them to just compete against each other without having to compete against that lower standard rate. We feel that the rate has been successful for customers. And it’s also a benchmark so that marketers can shoot for that amount to entice customers to buy their product.”

The change for business customers is a given. But it doesn’t automatically apply to residential customers. That will require a new set of filings and hearings to take effect in 2017.
Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

The Black Keys guitar tech's moment in the spotlight
Nice job, Vivian. It's always nice to hear about the unsung heroes getting their due! Thank you, Chuck Johnston (Full disclosure - I'm a friend of the Carney fa...

Akron's Tuba Christmas: A resounding blast of holiday spirit
Nice piece, Vivian! Looking forward to hearing you move from flute to tuba on Saturday. Love hearing your interviews and this seemed extra special since I kno...

Cleveland Hugo Boss workers are fighting for their jobs again
Bro. Ginard; I support your effert to keep your jobs, I understand all about concesions, I was a Union offical from 1965 until 1991 and the company th...

Asian Carp control could benefit from bill passed by House, heading to the Senate
help me fight the battle against invasive carp by method of harvest

Ohio's Portman supports lifting limits on party political money
If Portman was legitimately concerned about outside groups influence on elections he would have supported the DISCLOSE act. Instead he helped block it being bro...

Study shows trade with China has cost more than 3 million U.S. jobs
I disagree with James Dorn! If we don't change the playing field and make it a fair competition the whole US industry will be weaker and weaker. Eventually all ...

Video of Cleveland police shooting a 12-year-old is critical to the investigation
While I think this is a very unfortunate, the fact is that police are trained to aim for the large mass of a human to stop them. If they aimed for the leg it w...

Wayne County teacher says he was fired for criticizing dairy
This is bull crap Smithville Schools have changed ever since the new school I'm so ashamed at the district I wish I could pick my house up and move it to anothe...

White Castle is closing its five Northeast Ohio restaurants
you should open a white castle in logan ohio.i'm pretty sure you disappointed,thank you...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University