State Policies, Not Federal Actions, Drive New York's Rising Energy Costs
Jonathan Lesser argues that New York's own climate and energy decisions, rather than Washington, are responsible for higher power prices.
In a recent commentary, Jonathan Lesser challenges Governor Kathy Hochul's claim that federal policies are inflating New York's electricity rates. He highlights several state-level measures that have contributed to higher prices: the 2014 ban on fracking, a prohibition on new pipelines, and the 2021 closure of the Indian Point nuclear plant, which once supplied cheap power. The plant's replacement with natural-gas facilities has increased costs and emissions.
Additionally, costly offshore-wind contracts, including one charging $160 per megawatt-hour, add to the burden on consumers. Lesser argues that blaming Washington is misplaced and outlines four straightforward actions to make energy more affordable and dependable for New Yorkers.
Why it matters
Understanding the true drivers of New York's energy bills informs policy debates on affordability and climate goals.
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