Consumer Price Effects of Deregulated Electric Generation Markets: The Case of Ohio and the Midwestern United States by William M. Bowen (Professor Emeritus of Urban Studies and Public Affairs Energy Policy Center, Levin School of Urban Affairs), Edward (Ned) Hill (Economic Development and Public Policy John Glenn College of Public Affairs and City and Regional Planning), Andrew Thomas (Executive-in-Residence and Director of the Energy Policy Research Center, Levin School of Urban Affairs), Ruoran Liu (Executive-in-Residence and Director of the Energy Policy Research Center, Levin School of Urban Affairs), Mark Henning (Energy Policy Research Center, Levin School of Urban Affairs).

Publication Date: July 5, 2023

Abstract: This study investigates the effects of electric utility restructuring on (a) the cost of generated electricity, (b) increases in the regulated portions of customers' bills, and (c) changes in customers’ average total electricity price in restructured states relative to similar states that remained regulated. The results across the tests indicate that restructured generation markets benefited consumers through lower price growth or price declines. However, in Ohio, increases in charges authorized by regulators offset savings from competitive wholesale generation.

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