The High Cost of Obama's Regulation
John Hinderaker, Power Line
Remember when President Obama said that his policies would cause the cost of electricity to skyrocket? Well, the cost has skyrocketed, but not only because of Obama. In February, Robert Bryce of the Manhattan Institute released a study of the cost of renewable energy mandates. In most states, regulatory authorities have required utilities to obtain a specified portion of their power from renewable sources–wind, solar, and so on. Those energy sources are nowhere near as efficient as coal and natural gas, which means they cost far more per kilowatt hour. But the utility has to buy...
Remember when President Obama said that his policies would cause the cost of electricity to skyrocket? Well, the cost has skyrocketed, but not only because of Obama. In February, Robert Bryce of the Manhattan Institute released a study of the cost of renewable energy mandates. In most states, regulatory authorities have required utilities to obtain a specified portion of their power from renewable sources–wind, solar, and so on. Those energy sources are nowhere near as efficient as coal and natural gas, which means they cost far more per kilowatt hour. But the utility has to buy...
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