Report Warns Renewable Mandates Could Cost New England Ratepayers Hundreds of Billions
By Tim Dunn | Boston Herald
The study found Bay State ratepayers would bear the highest costs in New England for renewable energy plans.
A new study has found that New England ratepayers would save an estimated $400-$700 billion by replacing planned offshore wind and solar projects in the region with natural gas and nuclear power.
The study, Alternatives to New England’s Energy Affordability Crisis, estimated the economic effects of meeting the region’s energy needs through 2050 with nuclear and natural gas plants, modeling the cost of energy portfolios in the six New England states to reflect the result of decarbonization plans in the Independent System Operator of New England (ISO-NE).
“New Englanders are being asked to bankroll an energy experiment tha...
