New Mexico has a renewable portfolio standard (RPS) that mandates that so-called “renewable” sources account for 10 percent of all power generated by 2011; 15 percent for 2015; and 20 percent for 2020 and thereafter. While environmentalists would have us believe that these government regulations will create jobs and spur economic growth, the real story is far different. According to a new study commissioned by the American Tradition Institute and the Rio Grande Foundation finds that New Mexicans will pay $2.3 billion more for electricity than they otherwise would because of the RPS. The new study can be found here. A “quick findings” page can be found here.
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RGF in the News!
- Ethics Commission is not all it’s cracked up to bePublished on 2018-10-21
- New Mexico’s Permian, San Juan Basins Lead Methane Reductions In WestPublished on 2018-10-19
- Foreign teachers pay dearly to fill empty jobs in New MexicoPublished on 2018-10-11
- Editorial: Gov. should have specified which licenses are in, outPublished on 2018-10-10
- Rio Grande Foundation applauds Gov. Martinez’s executive order on licensing re...Published on 2018-10-04