A study by The Ohio State University and Cleveland State University found that electricity ratepayers in Ohio saved a total of $8.7 billion from 2016 through 2018 due to deregulation of retail electricity. These savings are realized through retail shopping, or customers finding a lower rate from a competitive retail electric supplier than the utility price-to-compare, and through lower prices in Standard Service Offering (SSO) Auctions, competitive auctions in which utilities procure electricity for their default service offering.
In weather news, above normal heat is forecasted to take hold over the bulk of the lower-48 in the 8-14 day window. A higher degree of probability for anomalous heat is in the Mid-Atlantic, New York, and New England, driving bullish risks to eastern power markets. Above normal precipitation risk also takes hold of most of the country, though the northeast is more likely to see normal rain levels.
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