Energy & Environment
With industrial and commercial electric power costs about 40 percent above national averages, energy costs are the second most significant cost-competitiveness factor cited by our members. In part, New York’s high energy costs are driven by a growing array of state-imposed assessments – the System Benefit Charge, the Renewable Portfolio charge, and new costs related to the purchase of CO2 emission allowances – which together add nearly 10 percent to the cost of electric power. Without access to affordable and reliable supplies of energy in the state, New York businesses are forced to move elsewhere, taking jobs and support for the economy with them and impacting our global competitiveness.
For more information on environmental issues and legislation visit: www.bcnys.org/inside/envircom.htm
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Fix New York