Southern and eastern Ohio offer companies competitive operating cost advantages. In addition to wage rates below national and regional averages, eastern Ohio has some of the cheapest natural gas in the western hemisphere thanks to the prolific Utica shale formation underneath eastern Ohio.
Electric generation in Ohio has been deregulated. Customers can shop for the best rates. Large users with the most consistent loads will be able to obtain the lowest rate per kilowatt hour (kWh). Bundled electric rates (complete costs: generation, transmission and distribution) are available for customers of AEP Energy Services.
Ohio has a strong, pro-business tax climate that supports industrial development in SEO. By eliminating all but the Commercial Activity Tax (CAT), Ohio ranks in the top five best states by independent sources.