Rep. Fedor: Energy Freeze Jeopardizes Economic Investment, Costs Consumers
Ohio to become first state to move backward on energy efficiency standards
May 29, 2014
 
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Today, State Rep. Teresa Fedor (D-Toledo) voted against Senate Bill 310, legislation to suspend Ohio’s—by most accounts, successful—advanced energy standards. The bill makes Ohio the first state to reverse Renewable Portfolio Standards (RPS) by eliminating targets for advanced energy and freezing targets for renewable energy.


“Ohio must continue to promote a diversified energy portfolio,” said Rep. Fedor. “I agree with Jason Slattery, Director of Solar at Rudolph/Libbe Inc. that S.B. 310 would eliminate this diversification and weaken Ohio for years to come.”


Recent estimates project that Ohio ratepayers will pay up to $150 for the two years that the energy efficiency standards are on hold. Commercial customers face an average of $31,000 more than their current rates. Overall, freezing the state’s advanced energy standards could undercut $6 billion in potential capital investment in the state.


“The unfortunate result of today’s legislative vote will be higher electricity costs for business and consumers,” said Rep. Fedor.


In 2008, the Ohio legislature passed RPS with overwhelming bipartisan support. Over the past six years, these energy standards helped create thousands of jobs and saved Ohio ratepayers $1.03 billion with over $4 billion in potential savings projected over the next 10 years. A study by FirstEnergy estimated that consumers save two dollars for every dollar spent on energy efficiency standards.


The controversial bill was widely expected to pass the House last week, but the bill was pulled from the committee schedule at the last minute. After struggling to find support from their members, the GOP pushed the bill through committee Tuesday.

 
 
 
  
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