STATE HOUSE, BOSTON, Jan. 13, 2025…..A new report promoted by conservative New England think tanks warns that the region’s decarbonization plans could add as much as $815 billion in electricity costs by 2050.

Kyle Murray, Acadia Center’s director of state program implementation and Massachusetts program director, said no grid planning “would put all power generation eggs in just one or two baskets.”

“Any low cost grid mix is going to include a portfolio of many resource categories, and we know that renewables are poised to anchor the most cost-effective portfolio for the region,” Murray said.

“Across the country, and in the Northeast, states with higher natural gas penetration have higher electricity rates – whereas states that have added more renewables have seen smaller electric rate hikes over the past two-plus decades,” Murray said.

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