CEA’s David Holt discusses how families across New York have been negatively impacted by political games which have artificially increased energy prices across the state by arbitrarily delaying upgrades and the construction of critical energy infrastructure.
Each project the Cuomo administration fought would have delivered more natural gas to a state hamstrung by a shortage of affordable energy. The high energy prices New Yorkers pay can be avoided by permitting more pipeline capacity. Instead, Russian LNG was imported to help the state and Northeast’s dire supply situation, even though ample supplies of domestic energy were available and waiting for delivery from nearby states. These local shipments would’ve also cut costs for state households that, per a 2017 analysis by Consumer Energy Alliance, pay 141 percent more than the national average for electricity.
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