Ohio Administrative Code Title 4901:5 - Division of Forecasting
Ohio Administrative Code Title 4901:5, which pertains to the Division of Forecasting.
Overview of Ohio Administrative Code Title 4901:5 — Division of Forecasting
The Ohio Administrative Code (OAC) Title 4901:5 sets forth the rules and procedures governing the Division of Forecasting within the Public Utilities Commission of Ohio (PUCO). This division is responsible for collecting, analyzing, and projecting data related to energy demand, supply, and infrastructure to support informed regulatory decisions in the state’s utility sector.
Purpose and Role of the Division of Forecasting
The Division of Forecasting plays a critical role in Ohio’s energy regulation by providing data-driven insights and forecasts related to electricity, natural gas, and other utility services.
Its work helps PUCO and other stakeholders understand current and future energy needs, evaluate resource adequacy, and plan for infrastructure investments.
Accurate forecasting ensures reliable, efficient, and affordable utility service to Ohioans.
Key Responsibilities and Functions
Data Collection and Reporting
The Division gathers comprehensive data from utility companies, such as energy consumption, generation capacity, fuel sources, and infrastructure details.
Utilities are typically required to submit regular reports, which serve as the basis for forecasting analyses.
Energy Demand Forecasting
The Division analyzes historical consumption patterns along with economic, demographic, and technological factors to predict future energy demand.
These forecasts help utilities and regulators plan for capacity needs, preventing shortages or overbuilding.
Supply and Resource Forecasting
Alongside demand, the Division projects available energy supply, including generation resources, fuel availability, and new infrastructure projects.
This includes monitoring trends in renewable energy integration, energy efficiency programs, and market dynamics.
Model Development and Maintenance
The Division develops and uses complex forecasting models to simulate different scenarios and outcomes.
Models consider variables such as weather, policy changes, economic growth, and technology adoption.
Advisory Role
Forecasting results are used to advise PUCO commissioners, policymakers, and stakeholders on regulatory decisions affecting energy rates, resource planning, and infrastructure development.
It supports long-term planning efforts, including integrated resource planning and grid modernization initiatives.
Publication of Forecast Reports
Periodic reports summarizing forecasts, assumptions, and methodologies are published to maintain transparency and provide public access to data.
These reports are essential for utilities, policymakers, and consumers to understand Ohio’s energy outlook.
Importance of Title 4901:5
Supports Reliable Utility Services: By anticipating future demand and supply trends, the Division helps ensure that Ohio’s energy infrastructure remains adequate and reliable.
Informs Regulatory Decisions: Forecasting data guides PUCO in approving or modifying utility plans, rates, and infrastructure investments.
Encourages Efficient Resource Use: Accurate projections allow for better integration of renewable energy sources and energy efficiency programs.
Enhances Transparency: Regular reporting and data sharing promote accountability and informed participation by stakeholders and the public.
Summary
The Ohio Administrative Code Title 4901:5 establishes the framework for the Division of Forecasting under PUCO. This division plays a vital role in collecting and analyzing utility data, forecasting future energy needs and resources, and advising regulators to ensure Ohio’s utility system remains reliable, efficient, and responsive to changing conditions.
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