Tag: energy costs

Connecticut GOP Unveils Plan to Reduce Energy Costs

The Center Square
Stephen Harding

Connecticut Republicans have unveiled a slate of proposals aimed at addressing rising electricity costs in the state, which they say are putting the squeeze on energy consumers.

The package of proposed policy changes, calls for setting limits on Power Purchase Agreements by utilities so that no contract can be for more than 100% over the wholesale electric market price while providing relief to ratepayers by tapping into $190 million in unspent pandemic-related federal funds to pay down rate increases.

Read the full story

Blumenthal and Other Democrat Lawmakers Urge Biden to Reduce Energy Costs

The Center Square

A group of Democratic senators are calling on President Joe Biden to provide more funding for fuel assistance with winter approaching. 

In a letter to Biden administration officials, Rhode Island Sen. Jack Reed, led by nearly 30 other Democrats, urged the White House Office of Management and Budget and U.S. Department of Health and Human Services to “take additional steps” to reduce energy costs for Americans through the Low-Income Home Energy Assistance Program. 

Read the full story

Commentary: The International Energy Agency’s Net Zero Roadmap Will Increase Energy Costs

Admin

Two years ago, efforts by climate activists and Environmental, Social, and Governance (ESG) investors to block investment in oil and gas production by Western companies appeared to have received a seal of approval from no less an authority than the International Energy Agency (IEA), when it published Net Zero by 2050: A Roadmap for the Global Energy Sector. As a result, attempts to achieve net zero carbon emissions (NZE) by 2050 became central to the “E” in ESG and the IEA’s net zero roadmap has come to define the NZE baseline for energy companies.

Read the full story

‘Fuel Poverty’ Stresses Pennsylvania’s Hospitals

The Center Square

Pennsylvania’s hospital administrators say rising energy costs driving worldwide “fuel poverty” threaten the stability of the entire U.S. health care system.

“Folks can’t pay to heat their homes,” Chuck DiBello, vice president of facilities and real estate for the Allegheny Health Network, told the Senate Majority Policy Committee. “They get sick and they come to the hospital – sometimes just to get warm.”

Read the full story

Leftists Blame War in Ukraine, Fossil Fuels, Deregulation of Electric Power for Connecticut’s 50 Percent Hike in Energy Costs

Susan Berry, PhD

Democrat officials in Connecticut, the state’s electric power giants, and their allies in the media are blaming a 50 percent increase in electric prices this winter in the state on Russia’s war with Ukraine, a reliance on fossil fuels, particularly natural gas, and the fact that Connecticut has a deregulated electricity market.

In a press release, dated November 17, state Attorney General William Tong (D) announced that, effective January 1, Eversource will double its rates from 12.05 cents to 24.2 cents per kWh, and United Illuminating will also double its rates from 10.6 cents to 22.5 cents per kWh.

Read the full story

Commentary: Biden’s Budget of Taxes, Taxes and More Taxes

Admin

Inflation is running rampant, federal spending is out of control, gas prices are at an all-time high and Americans are pessimistic on the future outlook of the economy. So what is President Joe Biden’s solution?

He has released a budget proposal that includes 36 tax increases on families and businesses totaling $2.5 trillion over the next decade. Alarmingly, this includes 11 tax increases on the oil and gas industry, taxes that will put a burden on households.

The budget doesn’t even include all the tax increases being pushed by Democrats because the budget omits the cost of tax increases within their stalled multi-trillion dollar Build Back Better Act. Instead of detailing these tax increases, the Biden budget includes a placeholder asserting that any new spending will be fully offset.

Read the full story

Commentary: Freedom Is the Essence of American Exceptionalism

Admin
Well Head where fluids are injected into the ground

President Joe Biden has continuously stated that “climate change” is the highest priority of his administration, fueled by Build Back Better spending. We are witnessing the disastrous impacts that establishing the wrong priorities can have.

On the day Biden became President, America was energy independent, our borders were secure, and the world was relatively peaceful.

Biden has done everything possible to shut down, curtail, and undermine American energy production. First, he shut down the permitted Keystone Pipeline. Then he eliminated fracking on federal lands, and slowed permits for new oil fields.

Read the full story

Experts Slam Biden’s Plan to Build Government-Funded Wind Farms

Admin
Dan Kish

Energy experts criticized President Joe Biden’s plan to prioritize wind farms, arguing wind power is costly, inefficient and indirectly produces greenhouse gas emissions.

Wind energy, like solar, is often unreliable since it is intermittent, or highly dependent on nature and out of the control of suppliers, according to the experts. Higher reliance on wind to produce even a fraction of a nation’s energy supply, therefore, cou ld lead to higher prices depending on the weather.

“Both wind and solar have Achilles heels in that they’re intermittent,” Dan Kish, a senior fellow at the Institute for Energy Research, told the Daily Caller News Foundation in an interview.

Read the full story