Legislature OKs power line roadwork hudsonvalley360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hudsonvalley360.com Daily Mail and Mail on Sunday newspapers.
ALBANY (TNS) — Electricity prices could rise 64% 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
In February, the Port of Albany said the costs to build a wind tower factory have grown to $604 million from earlier estimates of $350 million, necessitating more aid. This month, wind developers Equinor and BP said they would need to renegotiate contracts in light of inflation. It was not immediately clear what impact these increases could have on consumer electricity prices. The strike price represents a base line that power generators are guaranteed for their electricity. And NYSERDA’s 64 percent estimate represents an average increase, weighted by the size of the projects, if all the increases were approved.
Readers sound off on a sustainable grid, unprotected beaches and an Emmett Till memorial nydailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nydailynews.com Daily Mail and Mail on Sunday newspapers.