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Democrats freaking out over power prices

The article from Politico's Weekly New York & New Jersey Energy newsletter discusses the growing concern among Democrats regarding the rising electricity prices in New York. The state's ambitious climate goals, including achieving 70% renewable energy by 2030 and zero-emission electricity by 2040, are driving up costs due to investments in renewable energy infrastructure and the phase-out of cheaper, fossil fuel-based power. This has led to fears that high energy costs could become a political liability, especially as the state's Public Service Commission considers significant rate hikes for utility companies like Con Edison. Democrats are worried that these increases could alienate voters, particularly in an election year, and are pushing for more transparency and accountability from utility providers. There's also a debate about the effectiveness of current energy policies, with some advocating for a more balanced approach that might include nuclear power or natural gas as bridge fuels to manage costs while transitioning to renewables.

Read the Full Politico Article at:
[ https://www.politico.com/newsletters/weekly-new-york-new-jersey-energy/2025/03/17/democrats-freaking-out-over-power-prices-00232562 ]