The onset of Winter is once again highlighting the electric grid’s declining reliability. But unlike the cold Winter, a less reliable grid is not inevitable. It is a self-inflicted problem caused by monopoly electricity providers and growing renewable energy mandates that thwart competitive power markets.
Instead of creating incentives to efficiently serve customers, the current regulatory structure rewards investments into politically favored projects that jeopardize the core goals of maintaining a safe, reliable, and affordable electricity grid. The result: too many consumers are paying higher costs for less efficient and more dangerous electricity.
The troubles facing Hawaiians exemplify the growing national problem. Hawaii imposes both burdensome renewable energy mandates and perpetuates a monopoly model for generating electricity. Both regulations foster the declining quality and rising costs plaguing our electricity generation system.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
The Rising Costs From Monopoly Utilities And Excessive Energy Mandates
Wayne Winegarden
The onset of Winter is once again highlighting the electric grid’s declining reliability. But unlike the cold Winter, a less reliable grid is not inevitable. It is a self-inflicted problem caused by monopoly electricity providers and growing renewable energy mandates that thwart competitive power markets.
Instead of creating incentives to efficiently serve customers, the current regulatory structure rewards investments into politically favored projects that jeopardize the core goals of maintaining a safe, reliable, and affordable electricity grid. The result: too many consumers are paying higher costs for less efficient and more dangerous electricity.
The troubles facing Hawaiians exemplify the growing national problem. Hawaii imposes both burdensome renewable energy mandates and perpetuates a monopoly model for generating electricity. Both regulations foster the declining quality and rising costs plaguing our electricity generation system.
Click to read the full article in Forbes.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.