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!
- Foundation claims APS funding isn’t running outPublished on 2019-02-13
- New Mexico News: Financing dominates education debatePublished on 2019-02-13
- Letters to the EditorPublished on 2019-02-12
- Transition to renewables shouldn’t cost ratepayersPublished on 2019-02-10
- Health Care, UniversallyPublished on 2019-02-05