Green Renewables: It's all about the Benjamins.
Every country that has attempted to force solar and wind energy sources on their national grid have all discovered the same thing: the cost of retail electricity jumps with the consumer being the ultimate chump that has to fork over more money to the providers.
Study out of University of Chicago has determined the same result happened in the 29 U.S. states that imposed Renewable Portfolio Standards (RPS).
"RPS "significantly increase average retail electricity prices, with prices increasing by 11% (1.3 cents per kWh) seven years after the policy’s passage into law and 17% (2 cents per kWh) twelve years afterward," the economists write."..."All in all, seven years after passage, consumers in the 29 states had paid $125.2 billion more for electricity than they would have in the absence of the policy,"
And the money flowing out of consumer wallets - for dubious climate change "improvements" - will only keep climbing faster as renewable % goals are increased.
And making the pain even worse for consumers. is the following comment from the researchers:
"But are renewables cost-effective climate policy? They are not. The economists write that "the cost per metric ton of CO2 abated exceeds $130 in all specifications and ranges up to $460, making it at least several times larger than conventional estimates of the social cost of carbon."
That last comment indicates the massive stupidity of today's virtue signaling politicians who could care less about the real impacts on society and constituents when imposing regulatory schemes that have been proven failures wherever implemented.