Are efforts to mandate the use of solar, wind and other renewable energy sources a good idea? While many think so, the recent experience of Arizona seems to indicate otherwise. Arizona is embarking on an aggressive program to get 15% of its electricity from renewable sources by 2025. But according to a report by the respected Beacon Hill Institute, this initiative will hike electricity prices by 6%, reduce disposable income by over $300 million, and eliminate up to 4,100 jobs in the Grand Canyon State. Since the higher electricity prices will also serve as a regressive tax on the poor, maybe it’s time to pull the plug on this idea of renewable electricity mandates.
May 13, 2013 by Craig Rucker,
Craig Rucker is the executive director and co-founder of CFACT.