A lot can be spun from the results of the Nov. 2 election, but one fact is uncontrovertible: Pennsylvanians are sick of centrally planned, highly regulated, gimmick-driven economic policy. It hasn’t worked, and now they want results.
And is there a greater example of useless, wasteful government scheming than the commonwealth’s Alternative Energy Portfolio Standard? Coupled with the many subsidies and breaks granted to wind, solar and biomass interests, citizens get doubly whacked in their taxes and in their utility bills.
Outgoing Gov. Ed Rendell signed the state’s current AEPS in 2004, which requires major utilities to get 18 percent of their power generation from renewable resources by 2020. At least .5 percent must come from solar. This requires investor-owned utilities such as PECO Energy and PPL to drop some of their cheaper, more efficient sources of electricity like coal and gas, which keep your bills more affordable. By force of Pennsylvania law, the power companies will instead have to sell you — at a higher price — kilowatts created by wind turbines and solar panels.
Common sense tells most people (the exception being economics-challenged environmentalists) that this will inevitably increase overall electricity costs, which not only hit your power bill, but also pass through all industries and businesses into the products and services that you use. But there is a little bit of research that verifies these facts as well.
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