Renewables Drain Economy

As if to underline what I blogged about yesterday, my article on some of the economic issues associated with renewable energy appeared in the Albuquerque Journal today.

The basic points are twofold: Yes, PNM (to name just one New Mexico utility) is raising rates for reasons unrelated to the state’s renewable mandate, but the mandate itself will drive up prices even further by mandating more expensive solar, biomass, and so-called “distributed” technologies.