New Jersey regulators today approved a 20% price increase on electricity. Why? Simple, see what the Daily Signal reports:
New Jersey’s energy master plan is more of the same. The goals of New Jersey “are entirely driven by the objective of reducing the state’s contribution to global CO2 emissions,” writes Mark Mills, an energy analyst and director of the National Center for Energy Analytics. “[B]oth recent history and the underlying technology realities make it clear that the goals aren’t achievable; and even if they could be achieved, would lead to a minuscule reduction in global CO2 emissions.” Mills suggests nuclear power as a better option for New Jersey’s environmental objectives. The Garden State’s plan offers dubious environmental benefits and devastating economic consequences. Mills says wind and solar “cause overall systems costs to rise, due to practical reasons relating to operating reliable grids while using unreliable and episodic wind and solar sources.” A major factor is the need to back up weather-dependent technologies with reliable and abundant fossil fuels and nuclear energy, requiring a duplication of effort and expense.
The current Governor, the one who sent old age folks to homes to die of COVID and who just announced the harboring of illegals in his home, by referral, will be gone in less than a year. But we all are suffering from his work. 25-45% insurance rate increases, 20% electric increases, and the list goes on. His bundle from Goldman buffers his world but not that of the citizens bearing these costs.
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