OP-ED: Raising Electric Rates in Hopes of Lowering Electric Rates in the Future

May 8th, 2010 | By | Category: Energy Conservation, Legislation

Early Wednesday morning, the Connecticut legislature passed a sweeping energy bill with the laudable goal of lowering electricity prices in Connecticut. The measures adopted in the bill, however, are much more likely to push prices up than to drive them down.

The energy legislation now sitting before Gov. M. Jodi Rell increases electricity prices for Connecticut’s residents and businesses by requiring them to assume the costs and risks of new electric generation development and supply procurement, plus the costs for investing in new solar infrastructure, making Connecticut more reliant on solar energy at a time when it is one of the most expensive sources of energy.

via OP-ED: Raising Electric Rates in Hopes of Lowering Electric Rates in the Future | CT News Junkie.

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2 Comments to “OP-ED: Raising Electric Rates in Hopes of Lowering Electric Rates in the Future”

  1. living for realism says:

    The editorial makes sense, these companies probably have experience in markets across the United States, and the choice to buy energy from these companies has been a choice many Connecticut residents have. A competitive market requires companies work for their customers. If people didn’t enjoy their experience with these companies they could always go back to the utility or go to another provider, so yes they are looking out for us. Their goal is to provide their customers with the lowest price and many offer renewable products as well. If they aren’t doing a satisfactory job they would go out of business.

    The proposed bill is a classic example of the legislature taking a blind eye to the consequences of a bill. They didn’t look for prior experience or to see if this plan had worked elsewhere. Actually some of the procurement tools they give the utilities actually have failed in the past and raised rates. The legislature wanted to say they got something done, and because the bill says it will lower rates, they think it will work. Can’t wait to see the outrage when bills increase by 15% or more.

  2. Paula Panzarella of Fight the Hike, doesn’t agree with this person’s opinion.

    “It’s a shame CT News Junkie didn’t identify Mr. Kooper with his full title:
    Jay L. Kooper is the President of the Retail Energy Supply Association (a national trade association of 13 competitive energy marketers with operations nationwide) and Director of Regulatory Affairs, Hess Corporation.

    “Does anyone really think the oil companies have our best interests at heart? — especially in light of the loss of life from the BP disaster and the ecological catastrophe from the oil spill.

    “Mr. Kooper’s comments are just a scare tactic to prevent energy reform. In the past four years, many Connecticut businesses have closed specifically because of energy costs. Other businesses cited the cost of electricity as a reason not to move to Connecticut. Tens of thousands of ratepayers are in jeopardy. Mr. Kooper’s solution of staying with the status quo is ridiculous.

    “The governor really needs to take the high road and protect consumers and businesses by passing this legislation.”

    She points out that his op-ed in CTNewsJunkie isn’t much different from his comments in a recent article: http://www.reuters.com/article/idUKN1713609520100317

    Fight the Hike is a grassroots consumer and business coalition that for four years has been fighting for lower electric rates in Connecticut and the promotion and development of clean renewable energy in the state.

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