New York electric costs increase at nearly double the national average
The cost of electricity in the state grew by about 12 percent from March 2006 to March 2007, the council's Public Policy Institute reported. New York manufacturers paid the 12th highest rates in the country and New York residential rates are now 62 percent above the national average, according to the report.
"It's because of coal," said council spokesman Matthew Maguire. "New York state compared to the nation relies very heavily on natural gas for generation and relatively little on coal. In recent years the price of coal has been relatively stable and the price of natural gas has been going up."
The report comes as Gov. Eliot Spitzer and the Legislature seek to reduce energy costs for businesses and to create a fast-track approval system for new power plants to increase supply. A major sticking point, however, remains coal. Senate Majority Leader Joseph Bruno is pushing for the use of what he calls "clean coal," a reference to new technology that results in less polluting emissions than traditional coal-burning power plants.
But Spitzer isn't sold on the newer technology, especially as he works to cut the emissions that contribute to global warming. He is pushing technology cleaner than even new coal processes.
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Hydro One delivery rates go up
THUNDER BAY - Hydro One seasonal customers will face bigger increases in their bills than the utility's residential customers as a result of an Ontario Energy Board approval of a rate hike.
Hydro One received permission to increase its delivery charge, retroactive to last year.
It says it needs the money to maintain and upgrade its infrastructure, much of which was installed in the 1950s.
The utility is notifying customers that new statements reflect higher delivery rates which were not charged in 2018 and the first half of this year, due to delay in receiving the OEB's permission.
The amount that customers' bills will increase by depends…