$12.5 million plunder of Energy Efficiency Fund threatens to hurt consumers and economy says environmental groups
The proposed 2018 RI State Budget will “raid $12.5 million from ratepayer-funded, cost-effective energy efficiency programs” says nonprofit organizations Acadia Center and People’s Power & Light (PP&L) setting a “dangerous precedent.”
In a press release the two groups “emphasize that these are not state funds, they are rate-payer funds collected specifically to bring much-needed energy savings to all Rhode Islanders. Diverting the funds from the efficiency programs will cost Rhode Island ratepayers more money.”
“Rhode Island’s ratepayer-funded energy efficiency programs have provided $2.3 billion in economic benefits to residents and businesses since 2008, a fourfold return on investment,” said Erika Niedowski, Policy Advocate at Acadia Center. “Rhode Island has worked hard over the last decade to become a national leader on energy efficiency, and diverting these funds would cost ratepayers money and represent a big step backwards for our economy.”
Acadia Center is a non-profit, research and advocacy organization committed to advancing the clean energy future. People’s Power & Light’s mission is to make energy more affordable and environmentally sustainable in New England.
Read the full story from RIFuture.org here.