Green Industry gets its wish – energy costs “necessarily skyrocketing”
Investors Business Daily takes a hard look at the fact that electricity prices in our “carbon-constrained” world are “necessarily skyrocketing.” Electricity users (that means you) will soon see double-digit rate increases on your monthly bills.
Those who fancy themselves to be green progressives are about to get some unwelcome “progress.” Thanks in part to environmental rules, electricity bills are headed for double-digit increases.
‘Americans,” the Daily Beast/Newsweek reports, “are about to get another kick in the wallet.”
A review of regulatory filings by the news source found that “utilities are seeking permission to pass on hundreds of millions of dollars in new charges to customers to help upgrade aging infrastructure and build new or retrofitted power plants that comply with tougher environmental regulations.”
The filings indicate “at least 16 utilities covering 6.1 million customers are seeking rate hikes of 5% or more,” while “almost half of those want increases of 10% or more.”
The article goes on to note that the unfortunate citizens of Illinois could see rate increases of 40 to 60% over the next few years. Sadly, this “progress” is just the kind of pyrrhic victory – along with millions of job losses – that the good people at the Sierra Club cheer.
I just discussed these rate increases, over a million lost jobs, and the many other impacts of pending EPA regulations and green industry activism in my presentation to the Heat Exchange Institute meeting in Sedona, AZ on October 9th.