Craney & Fowler: New England could soon be without power

New Report Warns of Imminent Energy Instability in New England
A joint report compiled by various research and policy organizations reveals that New England residents and businesses can expect a doubling of electricity rates and rolling blackouts if stringent decarbonization plans are enforced in the region. The report, titled The Staggering Costs of New England’s Green Energy Policies, estimates compliance with these plans would cost $815 billion through 2050, resulting in significant increases in electric bills for families, businesses, and industrial customers.
The shift to green energy as the primary energy source is deemed unfeasible for the region’s electrical grid, with concerns raised over the grid’s ability to power the region within 11 years. Additionally, new Environmental, Social, and Governance (ESG) proposals could further exacerbate the situation by increasing the cost of natural gas heating for ratepayers.
The report also highlights the negative impact of ESG policies on public pension funds and the potential mass exodus of businesses and workers if net-zero policies are fully enacted. It calls for a sensible energy policy that strikes a balance between environmental stewardship, economic productivity, and individual ratepayer interests to ensure a prosperous and sustainable future for New England.

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