The Coming Green Energy Bailout
Renewable power operators in New York are seeking rate increases to cover rising costs, blaming government mandates and subsidies for the increased expenses.
- Renewable power operators in New York are requesting rate increases to cover rising costs.
- Large offshore wind developers are asking for an average 48% price adjustment.
- The Alliance for Clean Energy NY is requesting an average 64% price increase.
- Green energy developers blame government mandates and subsidies for increasing costs.
- Renewable power could become two- to five-times more expensive than natural gas power.
The Coming Green Energy Bailout
Renewable power operators already want rate increases for their subsidized projects.