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.
A quick look at your electric energy bill will reveal the “Temporary State Assessment Surcharge.” This assessment was scheduled to be reduced this year, saving electric consumers over $200 million. Extending the fee will cost all energy consumers (businesses, governments, schools, non-profits and residences) in the State $236 million in 2014 and $2.8 billion over the next six years.
For more information on environmental issues and legislation visit: www.bcnys.org/inside/envircom.htm