Overview
- An advocacy analysis from New Yorkers for Clean Air and Spring Street Climate Fund models roughly $270 in annual rebates per household and about $3 billion for grid upgrades and home improvements under a cap-and-invest approach.
- NYSERDA’s memo to the governor estimates average household energy costs could rise by $2,300 to $4,000 a year, with the most affected households seeing impacts above $4,100.
- The same memo projects New York gasoline prices could be about $2.23 per gallon higher by 2031 if the program proceeds without changes.
- NYSERDA also warns that accelerating deployments to meet CLCPA targets is currently infeasible because of a lack of market capacity for renewables, EVs, heat pumps and building retrofits.
- Gov. Kathy Hochul is citing affordability concerns as she signals potential changes or delays in budget talks, while Republican lawmakers push to return roughly $2 billion in NYSERDA and utility-collected funds to ratepayers as bill credits.