Gov-wannabe Tom Suozzi is correct to be livid about Con Ed’s request for an 11% hike in electrical charges and 18% for fuel. But slightly than blame the corporate, Suozzi ought to level his finger at fellow Democrats — and doubtless himself, too. It’s their climate-change agenda that’s driving up the invoice.
Con Ed desires the hikes to fund “investments in clear vitality,” together with assorted infrastructure enhancements. All advised, it hopes to move alongside prices of $1.7 billion for renewable vitality to cut back its carbon footprint.
“New Yorkers have already got among the most costly electrical and fuel payments within the nation,” Suozzi gripes. “Asking my constituents to swallow a dramatic, single-year enhance to their electrical and fuel invoice is unreasonable once they already pay practically 50% greater than the typical US family.”
True, in 2020, New Yorkers coughed up a mean of 18.34 cents per kilowatt-hour of juice, vs. simply 13.15 cents nationally. But Suozzi absolutely backs transitioning to inexperienced vitality, which is exactly what’s driving up prices right here. Sure, he requires “stability” in order to not “crush” ratepayers, however he expects the feds to chip in to realize that stability.
Good day? Washington simply handed New York $13 billion in COVID “aid” money; how can anybody count on it to pay extra? And keep in mind: Nobody forced Albany to hunt carbon neutrality and declare conflict on fossil fuels. Former Gov. Andrew Cuomo banned fracking, blocked fuel pipelines and held up new gas-hookup permits. The state additionally handed fanciful carbon-emissions targets and laws meant to rework the financial system, no matter price.
State Senate Deputy Majority Chief Michael Gianaris similarly fumes that Queens residents are paying 300% extra for electrical energy: “Con Ed must reply for this,” he roars.
Please. Gianaris is aware of full effectively Con Ed doesn’t truly produce and promote electrical energy; it merely ships it from energy vegetation to prospects and passes alongside fees set by these vegetation. These charges largely replicate costs for pure fuel used to generate the juice — costs now hovering due to the inexperienced transition Gianaris and Suozzi demand (as does Gov. Kathy Hochul, who’s seeking to pressure it even quicker).
President Joe Biden deserves much blame, too: The prez killed the Keystone XL pipeline venture and banned oil and fuel leases offshore, on federal lands and in Alaska. His staff’s drafting guidelines that can make fossil-fuel manufacturing and use dearer. His Construct Again Higher plan would escalate the Dems’ Struggle on Vitality even additional.
In consequence, energy vegetation already face sky-high prices, which they move to shoppers. And the saddest half is that each one this ache gained’t do a lot to decrease international temps, particularly with China and India spewing greenhouse gases freely. (Plus, as Bjorn Lomborg notes, absent any motion, local weather change will imply the world will probably be “solely” 436 % as effectively off in 2100 as now, as an alternative of 450 %.)
Dems like Biden, Gianaris and Suozzi ought to admit it: It’s their inexperienced agenda that’s driving up vitality prices. As a substitute of griping, possibly they need to rethink these plans.