
Gov. Kathy Hochul’s green-energy lunacy keeps socking New Yorkers, with the latest blow coming from the Empire Wind One offshore turbine project.
Team Trump has blocked it for now, and that’s great news (despite Eric Adams’ pleading that it should go forward): If it went into operation, New Yorkers would be forced to pay a brain-busting 2.5 times the market rate for energy, an independent analysis found.
The project won a sweetheart contract to provide energy at $155 per megawatt hour, as opposed to the wholesale-market rate of around $50, an effective subsidy on the order of $9 billion over the life of the facility.
Taxpayers will see their bills soar.
Why on earth, you might ask, is that jacked-up rate even on the table?
Because the New York Independent System Operator, the entity in charge of the state’s power grid, is mandated to buy “green” energy over cheaper and more reliable gas or nuclear.
Under Andrew Cuomo’s insane Climate Leadership and Community Protection Act, New York has to move to 70% renewable energy by 2030, and 100% zero-emissions energy by 2040.
Neither of those goals will be met, of course.
And even if they were, it would make virtually no difference in mitigating climate change, as greenhouse-gas output continues to rise unhindered elsewhere in America and from China, the world’s biggest emitter.
All the law and related policies will do is put ever-tighter squeezes on New Yorkers in pursuit of solar and wind energy and severely limit the available supply of power, boosting the risk of blackouts.
Lose-lose-lose, in other words.
Wind and solar are fine as limited backups, but they can’t, and won’t, replace fossil fuels and nuclear energy in the today’s economy any time soon.
It’s high time the climate radicals admit this and embrace an abundance agenda — and stop hurting everyday New Yorkers in the name of their fantasy ideology.