- July 19, 2021
- Posted by: Stratford Team
- Category: Business
Credit: (AP Photo/Mel Evans, File; AP Photo/Michael Dwyer, File)File photos: Business groups in New Jersey fear the cost of subsidizing nuclear and offshore wind power, cornerstones of the Murphy administration’s clean-energy agenda.
For many months, consumer advocates and business groups have unsuccessfully pressed the Murphy administration to assess what the state’s clean-energy goals will do to the cost of electricity in New Jersey.
Now, one of the state’s largest business organizations, the Chemistry Council of New Jersey, has done its own in-house analysis on how those policies would impact its 45,000 members.
For manufacturing firms, the industry group says its results project both a steep rise in energy bills for its commercial power consumers over the short term and long haul. And that increase is just for the existing subsidy customers pay to nuclear power plants and for offshore wind, once turbines start operating off the Jersey…