- Nov 30, 2021 4:49 pm GMT
I sure hope the fine people living in Rhode Island (RI) are aware that Sen. Sheldon Whitehouse supports and actively promotes policies that will raise their electricity prices through carbon taxes. RI is one of the six New England states that are part of NEPOOL, where ISO New England sets the marginal cost of electricity (LMP) based on the cost to supply energy from the marginal unit (usually a fossil fired unit), needed to meet demand. Even those RI electricity consumers that try to do the right thing by reducing their carbon footprint, i.e. replacing a gas guzzler with an EV, are penalized by having to pay a carbon tax on the electricity they use, even though they have "gone green". Talk about unintended consequences. Carbon taxes do not incentivize investments in "net-zero" emission generators, but carbon taxes definitely do raise the cost of electricity on consumers. Learn from the lessons of Alberta, carbon taxes unfairly penalize electricity consumers - even those choosing a "greener path" get penalized, having to pay a carbon tax on the electricity they use.
The next time someone tries to tell you that carbon pricing (tax) is good for the consumer or it incentivizes investment in renewable generation, show them this report from Alberta System Operator (AESO).
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