One watt at a time: Why electric rates are so highEDITORIAL
November 16. 2017 3:03AM
It all adds up.
Every time government tinkers with New Hampshire’s electricity market, the costs end up buried in your electric bill.
Force companies to buy renewable power at above-market rates, and you make up the difference.
Impose limits on carbon dioxide emissions from power plants, and consumers end up with the tab.
Add up those nickels and dimes over decades of well-meaning meddling, and New Hampshire residential electric customers end up paying 45 percent more than the national average for each kilowatt.
A new study commissioned by Americans for Prosperity-NH analyzes how government decisions led to higher electric rates for New Hampshire residents. State director Greg Moore outlines his group’s findings today.
High electric rates are one of New Hampshire’s biggest hurdles to economic development. Lowering utility bills would attract high-tech and manufacturing businesses that want to capitalize on New Hampshire’s well-educated workforce and low-tax environment.
The Legislature has several bills to consider in January that would each lower electric bills, including cutting renewable energy mandates, sending all RGGI revenues back to consumers, and repealing the systems benefits charge.
None of these bills would bring our electric rates down to the national average, but it all adds up.