The Yankee Institute is pleased Gov. Malloy and his administration have recognized the failures of Connecticut’s RPS mandates in proposing the Solar Home Renewable Energy Credit. The RPS mandates increase the cost of electricity and create jobs in other states.
“Instead of reducing Connecticut’s electricity costs, second highest in the country, this proposal further complicates energy policy. Now in addition to ZRECs, LRECs and the RSIP we have SHREC,” said Zachary Janowski, Yankee’s director of external affairs. “The real solution is much simpler. Pass H.B. 6026 and put these expensive mandates on hold.”
Last month, the Yankee Institute released a study, Restoring Power, highlighting the General Assembly’s ability to reduce electricity costs with a simple change. We’ve lost control of our electricity bills, but if legislators take action they can put money back in the pockets of homeowners and employers. That’s the best way to create jobs in Connecticut.