Ohio’s renewable energy goals were frozen in 2014 at 2.5%. Unless the Legislature acts they will resume increasing annually in 2017 until they reach a maximum of 12.5% in ten years. There is debate on how much the increased goals will cost householders. Currently the renewable-energy rider on electric bills averages 57¢ per month (1). Extrapolating this charge from 2.5% to 12.5% results in a predicted cost of $2.85.
However it is reasonable to expect that the cost will be smaller. Four companies in the AEP zone currently offer both zero 100% renewable energy. Details are given in Table 1. The resulting premium ranges from nothing to $6 per month. Since the goal is 1/8 of a dollar, dividing the premiums by 8 gives predicted charges ranging up to 75¢/month (2).
Table 1. Cost Premium of Renewable Energy as of 15 November 2014
|AEP||24 Months Fixed||$61.50||$67.50||$6|
|IGS Energy||12 Months fixed||$58.90||$60.90||$2|
|Star Energy Partners||12 Months Fixed||$61.90||$62.90||$1|
|24 Months Fixed||$68.90||$69.90||$1|
|36 Months Fixed||$71.90||$72.90||$2|
|Viridian Energy||12 Months Variable||$59.10||$59.10||0|
(1) Industrial Energy Users of Ohio website.
(2) Ohio has 4.457 million households (U.S. Census Bureau Quick Facts http://quickfacts.census.gov/qfd/states/39000.html) in 2014 they consumed 52,722 million kWh of electricity (Electric Power Monthly, Feb. 2015). These numbers lead to an average usage of 960 kWh per month. One MWh = 1000 kWh is a close approximation.