Energy

Filings show N.Y. green energy could cost consumers 64 percent more

Filings show N.Y. green energy could cost consumers 64 percent more

ALBANY ?— Electricity prices could rise 64 percent in order to cover inflation and the higher-than-anticipated costs that are becoming apparent in New York’s shift to renewable energy, according to a leading state agency.

“The impact of implementing ACE (Alliance for Clean Energy) NY’s requested relief … would be an increase in weighted average strike (base) prices of 64 percent,” reads part of the comments from the New York State Energy Research and Development Agency, which sets contracts for electricity sales by solar and wind developers.?

What that means for the consumer isn't clear as yet.??

High gas prices are a bigger problem then folks want to admit β›½

In the past month, the price of gasoline has risen substantially. However, it’s quickly pointed out that gasoline now constitutes a smaller portion of families’ budgets when compared to fifty years ago. The impact of these higher prices is often more psychological, as we tend to be more aware of the prominent gas station signs as we drive around town.

What’s frequently overlooked but crucial to understand is the significant role psychology plays in the economy. Even if gas prices are lower than they were a year ago, our attention tends to be fixated on recent fluctuations. We have a tendency to give more importance to what’s right in front of us rather than considering the broader context of our personal or business finances.

Although the direct consequences of elevated energy prices have been mitigated by better technologies and strategies adopted by families and businesses, one particular statistic that stands out for everyone is the price of gasoline. High gas prices provide a rationale for manufacturers, retailers, and even small businesses to push for higher prices, even if this is primarily a tactic to increase profits and wages.

This scenario presents a notable political dilemma for those in power, especially for Democrats on a wider scale. While they express genuine concerns about climate change and environmental preservation, this stance contradicts the objective of ensuring a consistent supply of affordable gasoline.

Active LP (Propane) Storage Wells In New York State

There are currently two areas in the Finger Lakes that are used for underground propane (LP gas) storage. They are Bath Petroleum Storage, owned by Finger Lakes LPG Storage, LLC between Campbell and Bath, and Harford Propane Storage owned by Enterprise Products Operating LLC outside of Hartford (south of Dryden) in Cortland County.

The existing LP storage facilities in our state don't get a lot of attention, as they are located in remote parts of the state, not necessarily known for their unique scenic beauty. But they are interesting facilities, and I encourage you to turn on the satellite view, zoom in, explore these wells and well data carefully.

If you are not seeing the wells, try zooming out one level first. Sometimes Google Maps over-zooms this map.