Anti-Renewable Policies Will Cost Ratepayers

The Mad King’s fever dream of energy dominance is designed to reward the fossil fuel industry and punish renewable energy. It will prove costly to both ratepayers and public health.

It’s also doomed to fail, according to energy economics experts.

Jamie Dickerson, senior director of climate and clean energy programs at the Acadia Center, said the actions taken by the regime to halt offshore wind projects and port infrastructure along the East Coast will “increase utility bills for families and businesses by hundreds of millions of dollars annually, jeopardize reliable power, and kill thousands of good-paying, union jobs.”

Dickerson noted these stoppages and withdrawn funding will make energy systems more vulnerable to extreme weather, weaken federal-state energy system planning and collaboration, and erode investor confidence and market stability that will, like the IEEFA said, undermine future investment in needed grid infrastructure.

“From any point of view, halting work on established wind projects that states energy officials are relying on to meet power needs, clean the air, and reduce system costs defies the facts and simply makes no sense,” Dickerson said.

To read the full article from ecoRI, click here.