Renewable electricity mandate to zap ratepayers

By |2013-06-14T12:48:08+00:00May 13th, 2013|Just the Facts Radio|Comments Off on Renewable electricity mandate to zap ratepayers

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.