Electric Price Increases Due To Green Energy Schemes

The state of Maine experienced nearly a 40 percent increase in the price of electricity over a period of only one year. The culprit?

The truth is, Maine’s price spike reflects something more fundamental: policy choices.

Earlier this year, a coalition of New England think tanks, including Maine Policy, published a report on the costs of state-level decarbonization plans. It warned that without dispatchable energy sources like natural gas or nuclear to balance renewables, electricity bills across the region could double by 2050.

Instead, if electricity rates continue to increase at the rate they are, the report’s predicted energy bill doubling would occur by the end of 2027, rather than 2050. 

Here is the problem. We have the same problem in North Carolina, albeit less severely. Interestingly, our socialist governor, Josh Stein, criticized rate increases proposed by Duke Energy even though he and his comrades have been directly responsible for pushing green energy schemes in our state that drive prices upward. He is a huge hypocrite.

The John Locke Foundation states:

In the long term, it would be much better for ratepayers in North Carolina to repeal the Carbon Plan law or at least amend it to make its carbon neutrality requirement a goal instead, secondary to the needs of consumers for reliable and least-cost electricity.