OH HB427

Authorizes electric distribution utilities to create voluntary demand response programs for residential and small commercial customers to reduce electricity demand during peak times

Allows utilities to take actions during peak periods such as adjusting air conditioner temperatures, reducing water heater temperatures, or cycling appliances for participating customers

Customers may override any individual demand reduction event, though utilities may set rules restricting future program participation for customers who override

Participating customers must be paid by the utility on an annual or per-event basis as approved by the Public Utilities Commission of Ohio

Requires the PUCO to evaluate program cost-effectiveness based on capacity prices and long-term grid savings, and mandates a legislative review within three years of implementation