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.

The Coming Green Energy Bailout
  • 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.