Connecticut’s people suffer from some of the highest electricity rates in the nation. Why is that? The issue stems from the Renewable Portfolio Standard (RPS) rules.
Passed by the legislature in 1998, the RPS severely restricts the ability of utilities to find the cleanest and most efficient means of providing electricity to Connecticut’s residents and businesses, creating higher electric bills as a consequence. Paul Bachman, Adjunct Scholar at the Beacon Hill Institute (BHI) and co-author of Yankee Institute’s latest study, Re-Energize Connecticut: Toward Affordable Electricity for All, explains how to make energy more affordable. Read the full study here.
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