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Residential Electric Bills Set to Increase by 30% Due to Offshore Wind Projects

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the staff of the Ridgewood blog

Long Beach Island NJ, A new analysis by Save Long Beach Island, Inc. shows that New Jersey electric bill payers and taxpayers will bear heavy costs for offshore wind projects, notably a 30, 40, and 50% increase in residential, commercial, and industrial electric bills respectively for the full 11,000 megawatt program. In light of these new findings, Save LBI is calling on New Jersey policymakers to scrutinize the benefits and costs of each project proposal and the potential for future price increases.

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