This is what happens when you replace affordable, dependable, reliable, easily obtainable energy with expensive, unreliable energy at the whim of Government. I mean, great, the green energy is more expensive but less reliable!
Sticker shock awaits New Yorkers’ utility bills to fund renewables
New York is eager to move away from fossil fuels. Customers, though, will feel the switch in their wallets.
The state has largely funded the recent investments in clean energy, electric vehicle chargers, heat pumps and new transmission lines incrementally through piecemeal decisions by the quasi-independent Public Service Commission, which regulates utilities.
But larger bills for the aggressive transition are increasingly coming due, and it has the potential for sticker shock for ratepayers — a byproduct of the tremendous complexity of shifting from from fossil fuels to heat and power homes and businesses.
Some of the costs are already impacting utility bills, but more are set to hit in the coming years as projects come online.
“Financing them exclusively through rates, particularly on residential, is the least progressive mechanism for financing anything. We make no judgment whether you have the money to pay or you don’t have the money to pay,” John Howard, a commissioner on the Public Service Commission, said at last month’s meeting.
In other words, if your bills skyrocket and you cannot afford them, well, the Progressive NY government is saying f*** you. Deal. Suck it up. Freeze. I wonder if they have considered that citizens will start using more wood from cutting down trees, bringing in propane and natural gas from outside the state, or, simply packing up and leaving, bringing their tax dollars and businesses with them?
It will lead to blackouts and brown-outs. An inability to provide power during inclement weather, like snow and rain. And the extra cost for the energy for businesses will be passed on to the consumer, so, consumer goods, appliances, services, food, clothes, you name it will just go up up up. Great move!
One day the world will be in a spot where we can do away with polluting energy sources, but, it is not now.
And not one reporter will ask NY Governor Kathy Hochul if she herself has given up her own use of fossil fuels.
Read: Surprise: New Yorkers Will See Sticker Shock On Their Utility Bills »