NY ratepayers will pay for $2.1B offshore wind plan, but won’t get the energy

New York state ratepayers will pick up the tab for the Cuomo Administration’s multi-billion dollar plan to jump-start the offshore wind industry, but most won’t benefit from the energy produced.

Only consumers in Long Island and New York City will be able to access the wind-powered energy that’s going to be generated in the waters off the state’s Atlantic coast in the years to come.

As soon as 2020, typical residential ratepayers could see an increase of up to 76 cents a month in their electric bills as the state goes all-in on offshore wind as a critical piece of the state’s renewable energy future, The Journal News/Poughkeepsie Journal has learned.

That’s in addition to the average $2 per month charge state ratepayers are already paying for the bailout of three struggling upstate nuclear power plants for the next ten years.

Poughkeepsie Journal

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