Contrary to the fevered fantasy of leftist catastrophic anthropogenic global warming acolytes, the federal government’s shift to a realistic energy policy will result in lower overall payments for power by Louisianans if not also greater economic development.
The recent federal budget bill that made profound changes in taxing and spending policy included among other things the imminent end of subsidies for wind and solar sources, effective elimination of fuel standards for vehicles that will encourage fossil fuel usage, and the ability of individual states to leverage those standards higher. This of course has created a panic attack on the left, with a particularly useless Democrat on the Louisiana Public Service Commission pontificating that the discouragement of the renewable sources will doom consumers to higher rates, under the facile assumption that the lower costs utilities paid for renewable generation will go higher without taxpayers footing part of the bill and that markets don’t prevail.
Of course, in that view there’s no consideration of those very taxpayers that include Louisianans who as a result of the budget reconciliation will see both permanently lower taxes and a reallocation of spending that better matches the genuine priorities of the people. And the supposition of higher-priced retail prices differs from assessments of energy policy experts generally, who note historical data show a distinct positive correlation between electricity pricing and proportion of power generated by solar and wind sources. They also note the inherent dishonesty in having hidden in subsidies the extra amount that citizens pay for greater wind and solar usage rather than out in the open in the form of higher charged rates.