Ohioans saved more than $40B on energy over 10-year period, report says

Consumer Energy Alliance (CEA) says new technologies and increased production significantly reduced the price of natural gas and saved Ohio energy consumers $40.2 billion between 2006 and 2016, the News and Sentinel reports. CEA released a report, “The Benefits of Ohio’s Natural Gas Production to Energy Consumers and Job Creators,” that shows residential users “saved almost $15 billion, while commercial and industrial users saved upwards of $25.3 billion,” the article reports. The report shows that “[p]rior to the shale revolution, prices for natural gas in Ohio peaked at $10.66” but have “steadily decreased to just under $4.” Additionally, “[m]ore than 700 new businesses have been established statewide to support the shale industry, bringing in over $63.9 billion in new investments.” For more, read the full article.

State Updates