Ten years ago monthly residential electric bills were going up three to four dollars every year. In 2008 the General Assembly enacted electric deregulation (127-SB221). But electric bills went up just as rapidly after deregulation as they had before. In 2014 the General Assembly froze green energy goals at then-existing levels (130-SB130). But electric bills have gone up just as rapidly since the freeze as they had before the freeze. If green energy compliance costs had not decreased in the first half of 2015, electric rates would have soared at more than their historical levels. Why does the General Assembly want to halt progress in green energy?
Data in support of this statement can be found in Electric Power Monthly and in our July report to the Electric Mandates Study Committee.