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In 1999, Ohio deregulated the state’s electricity market giving Dayton based businesses the power to choose their electricity provider. The deregulated market forced energy suppliers to be more efficient and to compete for customers – offering an opportunity for businesses of all sizes to compare energy plans from top energy suppliers and shop for the lowest electricity rates.
In most cases, Dayton businesses that take advantage of the competitive market can more effectively manage their monthly electricity costs by switching energy providers, plans and rates, as needed.
The Public Utilities Commission of Ohio, known as PUCO, is the public utilities commission of the U.S. state of Ohio, charged with the regulation of utility service providers, including electricity, natural gas, and telecommunications. PUCO was created to assure Ohioans adequate, safe and reliable public utility services at a fair price.
In doing so, PUCO impacts every business in Dayton – as it regulates all providers of utility services, including electric and natural gas companies, local and long-distance telephone companies, water and wastewater companies, rail and trucking companies. Recently, the PUCO gained responsibility for facilitating competitive utility choices for Ohio consumers.
As a Dayton business owner, it is important to understand that PUCO is also synonymous with the “Apples to Apples” energy comparison charts.
Utilities are the entities in charge of the operation and maintenance of the energy infrastructure, like wires and towers. The local utility in Dayton, Dayton Power and Light, is responsible for transporting electricity from the generators to residential homes and businesses in this specific region.
Energy providers in Ohio, like AEP Energy and Constellation are the competitive energy retailers. Each energy provider buys energy from the wholesale market (the generators) and then re-sells it to consumers (homeowners, renters, and businesses).
In most cases, the consumer, the homeowner, renter, or business, signs a contract with an energy provider for a specific energy plan. The basic energy plan details the rate class, the energy rate per kWh, the contract term length (6, 12, 24, 36 months), and other contract terms like cancellation fee policy.
Energy choice, also known as energy market deregulation, allows Dayton business owners to select their energy supplier. Ohio has been a deregulated market since January 1, 2001.
Dayton, also known as the Gem City, is located north of Cincinnati in the Miami Valley. The city was founded in April 1796 by 12 settlers known as the Thompson Party and officially incorporated in 1805. As of the 2017 census, the city had a total population of 140,371.
Dayton is known as the birthplace of aviation; the city was once home of Wilbur and Orville Wright, better known as the Wright Brothers. The city is also home to the National Museum of the United States Airforce.
Ohio small businesses employed 2.1 million people and grew by 11,689 net jobs in the latest SUSB census in 2013. The 2.1 million employees represent 46.2% of the total employees in Ohio. In total there 927,691 small businesses in Ohio making up 97.9% of the total businesses in the state.
Dayton’s economy is primarily supported by manufacturing, wholesale and retail trade, and services. The Wright-Patterson Air Force Base is Dayton’s largest employer, with more than 20,000 employees.
Another prominent driver in Dayton’s economy is healthcare. Hospitals in the Dayton area have an estimated combined employment of nearly 32,000 people with an economic impact of almost $7 billion.