Why is the electric industry in Ohio deregulating?
The state of Ohio and several other states throughout the country have deregulated the electric utility industry to bring about competition among electric utilities and possibly lower electric rates. Because the electric utility industry is one of the last large monopolies in the country, the Federal government has been considering mandating electric deregulation for a number of years. The Ohio government preferred to take the lead and develop a deregulation law specific to Ohio before the Federal government mandated electric deregulation.
