FOR IMMEDIATE RELEASE
CONTACT: (603) 369-4301
May 2, 2013
CONCORD, NH – The New England Ratepayers Association applauds the Connecticut State Senate for Passing SB1138, which would allow large-scale hydro into the state’s Renewable Portfolio Standard.
“This bill is a step in the right direction to reducing the cost of electricity to ratepayers in Connecticut and throughout New England,” said Marc Brown, President of the New England Ratepayers Association. “Our organization opposes Renewable Portfolio Standards, which unquestionably raise the cost of electricity to ratepayers. However, adding large-scale hydro should increase competition within the RPS, which will result in lower electricity costs for ratepayers.”
The bill would potentially allow for electricity to purchase electricity from large-scale hydro in lieu of more expensive wind, solar and biomass. Legislators specifically brought up proposals like the Cape Wind Project off the coast of Massachusetts—which has a power purchase agreement that pays them approximately three times the going rate for electricity when discussing the benefits of adding large-scale hydro to RPS.
“We hope that the Connecticut House of Representatives, Governor Malloy as well as legislators in other New England states will follow the precedent set by the Connecticut State Senate and allow large-scale hydro as a part of RPS. This bill sheds light on the fact that RPS is having a negative effect on ratepayers and more competition is needed to reduce the bloated electricity rates currently paid by consumers throughout New England. ”
For more information, contact email@example.com or visit www.neratepayers.org.