A Video Message about Energy Costs: Michael W. Wise, Co-Chair Energy Practice

Attention Business Owners: Deregulated Electricity Offers Substantial Savings
Deregulated electricity continues to offer substantial savings for American businesses. The green states on the map are the 17 US states (plus Washington D.C.) that offer some level of deregulated electricity pricing. 
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Attention Ohio Business Owners: Options for Managing the Price of Your Electricity Continue to Get Better
Over the last 20 years, numerous states have enacted laws deregulating the electricity market to provide consumer choice. In many cases, the market did not materialize as quickly as lawmakers envisioned. Soaring wholesale electricity prices and numerous non-bypassable charges barred competitors from entering the market. Currently, a retail electricity market is beginning to develop and retail electric suppliers are competing for your business, giving rise to new choices. 
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Renewable Energy Projects in 2010: Federal initiatives and incentives create renewed interest
Background

Renewable energy is generally defined as energy derived from on-going natural processes. Examples include solar, wind, biomass, geothermal and flowing water. Historically, energy derived from renewable resources has come at a higher price than energy derived from traditional energy resources such as coal and natural gas. Generators using traditional resources (Fossil-fuel) have had the advantage because they could draw on billions of dollars of infrastructure and developed technology. However, recent government legislation, a societal focus on the reduction of carbon emissions, the growing cost and scarcity of oil, and a policy objective of energy independence has spurred the growth of investors and companies willing to commercialize renewable energy.
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Reducing Electricity Costs in Ohio

A recent McDonald Hopkins Alert, entitled Manage the Price of Your Electricity, discussed new options that are available for a company to reduce its electricity costs. These same opportunities exist for natural gas. A company can reduce its natural gas costs by taking its load to auction and/or by negotiating directly with natural gas providers in order to secure a better rate for its natural gas. Our professional team at McDonald Hopkins can assist with the challenges of navigating these options in both the electricity and natural gas areas. 
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Manage the Price of Your Electricity

New Choices

Business owners in many states have new opportunities to reduce their electric bills. Those businesses spending at least $10,000/month on electricity are in the best position to save. This opportunity is fluid and we can help you understand your choices. 
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