New Hampshire's Renewable Portfolio Standard : Ideological Insanity

A government that is run by progressive ideological insanity will fail the people that it is dedicated, by constitutional law, to support. But then this ideology is not about the people, it's about getting and keeping power and taking control. And what better way to crush the will of the people then under the boot of a suffocating government regulation.


When a persons options for gaining prosperity are artificially and systemically revoked as a matter of process to satisfy a particular ideology, and the only option left then is to leave the state or comply, lay down and accept your fate. Being a drone isn't all that bad, right? 


This is not how it was suppose to be. Goodness. How did we get to this point where the people are no longer in control?


The Disadvantage of RPS Outweigh the Benefits
Source: Paul Bachman, Michael Head, "The Economic Impact of New Hampshire's Renewable Portfolio standard," The Beacon Hill Institute At Suffolk University, February 2015.


March 20, 2015

The Beacon Hill Institute at Suffolk University (BHI) applied its State Tax Analysis Modeling Program (STAMP) model to estimate the economic effects of the New Hampshire Renewable Portfolio Standards (RPS).


The major findings show:

• The current RPS mandates will raise the cost of electricity by $70 million for the state's electricity consumers in 2025.
• New Hampshire's electricity prices are expected to rise by 3.7 percent by 2025, due to the RPS law.

These increased energy prices will likely hurt New Hampshire's residents and businesses and, in turn, inflict harm on the state economy. In 2025, the RPS is expected to:

• Lower employment by an expected 720 jobs;
• Reduce real disposable income by $70 million;
• Decrease investment by $10 million;
• And increase the average household electricity bill by $40 per year; commercial businesses by an expected $230 per year; and industrial businesses by an expected $3,655 per year.

Since electricity demand is flat, the RPS-mandated renewable sources will force utilities to retire existing coal and gas sources. Displacing coal and gas with solar and wind will lower the amount of dispatchable electricity generation under baseload conditions and force utilities to use peak electricity generation sources when wind and solar are not available.


Additionally, the way the law was written, by 2025 the state will require 9.5 percent of electricity to come from sources, which began generation prior to 2006, or to pay a compliance fee. Under a baseline scenario, most of this will be met with compliance payments, meaning that this share of the policy will contribute nothing to requiring cleaner sources of electricity, but will increase the cost of electricity that every individual and company will consume.


The RPS policy will not have an impact on reducing global emissions, but rather send jobs and capital investment outside the state.