NEW STUDY: States That Have Rejected Shale Development Have Higher Electricity Prices
The Global Energy Institute at the U.S. Chamber of Commerce last week released its state-by-state comparison of electricity prices. The states with the highest prices were: Alaska, California, Connecticut, Hawaii, Massachusetts, New Hampshire, New York, and Rhode Island.
The average price across the states was 10.5 cents per kilowatt hour.
According to the Institute, “of the eight states that experienced a decline in their electricity rates from 2016 to 2017, half of those states are either awash with shale gas (Pennsylvania and Ohio), or directly border them (Delaware and Maryland).” States like New York, which have placed restrictions on natural gas exploration, have experienced electricity price increases.
The institute also notes that some state restrictions have become so cumbersome that “some states are importing Russian gas from across an ocean instead of utilizing shale from just a few hundred miles away.” (Back in January, Connecting the Dots explored the impact of New York’s restrictions.)
As a reminder, the Metals Service Center Institute is a member of the Energy Equipment and Infrastructure Alliance (EEIA), which advocates for full development of shale resources, while protecting the environment, health, and safety.