NYS Climate Law Could Raise Home Energy Bills by Thousands, Memo Warns

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Source: City & State New York
NYS Climate Law Could Raise Home Energy Bills by Thousands, Memo Warns
Photo: City & State New York
TL;DR Summary

A NYSERDA memo estimates that fully implementing the Climate Leadership and Community Protection Act could raise average New Yorkers' energy costs—upstate gas/oil households may incur over $4,100 in gross costs and NYC about $2,300, plus roughly $2.23 per gallon for fuel—though affordability measures could reduce net costs to around $2,500 (upstate) or $1,500 (NYC). High-efficiency electrification could yield savings (about $1,500 upstate, $800 in NYC). Gov. Hochul is weighing changes to the law amid bipartisan pushback and federal hurdles, while advocates argue for expanding clean-energy initiatives instead of rolling back policies.

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