When Dems promise "affordability" what they actually mean is a 900% increase in electricity prices.
Inside Investigator (7/6/26) reports: "The latest round of carbon allowances auctioned off to buyers under the Regional Greenhouse Gas Initiative (RGGI) saw a clearing price that is up over 900 percent since the multi-state program began in 2008, potentially driving up the cost of Connecticut’s energy supply in a way far less visible to ratepayers than Connecticut’s public benefits charge. Connecticut was one of the first states to join RGGI, which auctions off carbon allowances that fossil-fuel power generators are required to own to sell their power to utility companies. Often referred to as a 'cap and invest program,' participating states, including Connecticut, each lower the number of allowances available for auction over time, driving up the prices paid by energy producers and thereby generating more auction revenue that is funneled to preferred energy programs. In 2008, the clearing price for the first auction of carbon credits was $3.07 per allowance; as of the latest auction in June 2026, the clearing price was $35 per allowance, according to RGGI’s auction history. The increase is even more pronounced when considering that the clearing price was mostly below $2 per allowance between September 2009 and March 2013. Following that, the price increased steadily before making a $10 jump between March and June 2026 when auction proceeds reached $642 million...Virginia, a political battleground state, left RGGI for a few years before rejoining in 2026. While re-entry into RGGI was projected to increase costs for ratepayers, Viriginia lawmakers passed a law to reduce the impact by using part of the RGGI auction proceeds as a credit toward ratepayers’ bills, according to VPM. Dominion Energy spokesman Jeremy Slayton told the news outlet that the cost of carbon allowances 'are a pass-through cost' to consumers."
https://mailchi.mp/americanenergyalliance.org/inconceivable?e=02e2394a9b
