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Author Topic: The Green New Deal could make electricity 28 times more expensive  (Read 348 times)

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Offline rangerrebew

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The Green New Deal could make electricity 28 times more expensive
« on: September 04, 2024, 07:48:18 am »
The Green New Deal could make electricity 28 times more expensive
By
David Wojick
|
September 3rd, 2024
 
Below I show how the Green New Deal can cause the average household electricity bill to go up a crushing $52,500. The reason is simple. Wind and solar require a lot of battery backup and we use a tremendous amount of electricity so the cost of all these batteries is many trillions of dollars.

Here is the basic derivation. It is kept simple and the numbers are all rounded off so they can be remembered. (The U.S. Energy Department should have done a detailed analysis long ago.)

https://www.cfact.org/2024/09/03/the-green-new-deal-could-make-electricity-28-times-more-expensive/
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Offline Free Vulcan

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Re: The Green New Deal could make electricity 28 times more expensive
« Reply #1 on: September 04, 2024, 09:37:53 am »
It's not about the cost, it's about the rationing. Only the 5% Marxist true believers are worthy of electricity and modern conveniences. The rest of you are expected to die Mr. Bond.
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Offline DefiantMassRINO

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Re: The Green New Deal could make electricity 28 times more expensive
« Reply #2 on: September 04, 2024, 10:48:20 am »
Libs can't comprehend supply and demand economies.

Their solutions will be demand side  - to sue electric companies for price gouging, implement price controls, implement peak demand pricing, increased electric device efficiency mandates, and rationing (re-branded with an Orwellian euphemism, like "Fair Share Distribution").

The Global Climate Change dogma does not permit adding supply that is generated from combustable fuels.

It's economic insanity.
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