Study: RGGI Carbon Charge Now Costs More Than the Gas It Taxes

A new study by the Fiscal Alliance Foundation, a free-market think tank in Massachusetts, says the Regional Greenhouse Gas Initiative (RGGI) could add about $1.49 billion to New England's wholesale electricity costs this year. Here's the eye-opener: at today's prices, the RGGI carbon charge adds more to the cost of making electricity at a gas-fired power plant than the natural gas does. And it's about to get worse. Starting in 2027, the RGGI cap shrinks by 73% in six years. Pennsylvania got out just in time.

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