energy costs Archives - The Connecticut Star

Connecticut GOP Unveils Plan to Reduce Energy Costs

February 28, 2024February 27, 2024 The Center Square

Connecticut Republicans have unveiled a slate of proposals aimed at addressing rising electricity costs in the state, which they say are putting the squeeze on energy consumers.

The package of proposed policy changes, calls for setting limits on Power Purchase Agreements by utilities so that no contract can be for more than 100% over the wholesale electric market price while providing relief to ratepayers by tapping into $190 million in unspent pandemic-related federal funds to pay down rate increases.

Blumenthal and Other Democrat Lawmakers Urge Biden to Reduce Energy Costs

October 19, 2023October 18, 2023 The Center Square

A group of Democratic senators are calling on President Joe Biden to provide more funding for fuel assistance with winter approaching.

In a letter to Biden administration officials, Rhode Island Sen. Jack Reed, led by nearly 30 other Democrats, urged the White House Office of Management and Budget and U.S. Department of Health and Human Services to “take additional steps” to reduce energy costs for Americans through the Low-Income Home Energy Assistance Program.

Commentary: The International Energy Agency’s Net Zero Roadmap Will Increase Energy Costs

July 1, 2023 Connecticut Star Staff

Two years ago, efforts by climate activists and Environmental, Social, and Governance (ESG) investors to block investment in oil and gas production by Western companies appeared to have received a seal of approval from no less an authority than the International Energy Agency (IEA), when it published Net Zero by 2050: A Roadmap for the Global Energy Sector. As a result, attempts to achieve net zero carbon emissions (NZE) by 2050 became central to the “E” in ESG and the IEA’s net zero roadmap has come to define the NZE baseline for energy companies.

Leftists Blame War in Ukraine, Fossil Fuels, Deregulation of Electric Power for Connecticut’s 50 Percent Hike in Energy Costs

November 29, 2022November 28, 2022 Susan Berry, PhD

Democrat officials in Connecticut, the state’s electric power giants, and their allies in the media are blaming a 50 percent increase in electric prices this winter in the state on Russia’s war with Ukraine, a reliance on fossil fuels, particularly natural gas, and the fact that Connecticut has a deregulated electricity market.

In a press release, dated November 17, state Attorney General William Tong (D) announced that, effective January 1, Eversource will double its rates from 12.05 cents to 24.2 cents per kWh, and United Illuminating will also double its rates from 10.6 cents to 22.5 cents per kWh.

Connecticut Leaders Blast Higher Energy Costs

November 20, 2022November 20, 2022 The Center Square

Connecticut energy consumers will be digging deeper into their pockets this winter with the state’s two largest utilities seeking hefty rate increases.

In a filing to the state Public Utilities Regulatory Authority, Eversource is proposing to increase electric rates charged to consumers by nearly 50%, or $85 per month for the average customer.

White House Adviser Claims High Gas Prices Necessary for ‘Future of the Liberal World Order’

July 4, 2022July 3, 2022 Admin

White House economic adviser Brian Deese on Thursday told CNN that high gas prices were a necessary inconvenience to preserve the “future of the liberal world order,” amid the ongoing Russian invasion of Ukraine.

The average price of gas exceeded $5 per gallon for the first time in U.S. history in early June.

Commentary: Biden’s Budget of Taxes, Taxes and More Taxes

April 4, 2022April 3, 2022 Admin

Inflation is running rampant, federal spending is out of control, gas prices are at an all-time high and Americans are pessimistic on the future outlook of the economy. So what is President Joe Biden’s solution?

He has released a budget proposal that includes 36 tax increases on families and businesses totaling $2.5 trillion over the next decade. Alarmingly, this includes 11 tax increases on the oil and gas industry, taxes that will put a burden on households.

The budget doesn’t even include all the tax increases being pushed by Democrats because the budget omits the cost of tax increases within their stalled multi-trillion dollar Build Back Better Act. Instead of detailing these tax increases, the Biden budget includes a placeholder asserting that any new spending will be fully offset.