{"id":1973052,"date":"2023-07-14T12:48:02","date_gmt":"2023-07-14T16:48:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-backed-new-jersey-wind-farm-will-raise-electric-bills-experts-say\/"},"modified":"2023-07-14T12:49:50","modified_gmt":"2023-07-14T16:49:50","slug":"biden-backed-new-jersey-wind-farm-will-raise-electric-bills-experts-say","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-backed-new-jersey-wind-farm-will-raise-electric-bills-experts-say\/","title":{"rendered":"Experts say the wind farm in New Jersey supported by Biden will increase electric bills."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-backed-new-jersey-wind-farm-will-raise-electric-bills-experts-say%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1973052&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div>\n<blockquote>\n<h2>Foreign company Orsted is set to receive $1 billion in green energy subsidies to complete controversial project<\/h2>\n<\/blockquote>\n<figure><figcaption>Getty Images<\/figcaption><\/figure>\n<\/div>\n<div>\n<p>A Biden administration-approved wind farm off the coast of New Jersey that will cost taxpayers nearly $1 billion in subsidies will also raise their utility costs, experts and lawmakers say.<\/p>\n<p>President Joe Biden&#8217;s Interior Department last week <a href=\"https:\/\/www.boem.gov\/renewable-energy\/state-activities\/ocean-wind-1\" target=\"_blank\" rel=\"noopener\">approved<\/a> what will be the nation&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-backed-new-jersey-wind-farm-will-raise-electric-bills-experts-say\/\" title=\"Experts say the wind farm in New Jersey supported by Biden will increase electric bills.\">largest <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-top-energy-regulator-lobbied-for-company-behind-admin-approved-wind-farm\/\" title=\"Biden\u2019s Top Energy Regulator Lobbied for Company Behind Admin-Approved Wind Farm\">offshore wind farm<\/a> located<\/a> about 13 miles off the coast of Atlantic City. One day later, New Jersey Democratic governor Phil Murphy <a href=\"https:\/\/apnews.com\/article\/offshore-wind-tax-credit-orsted-new-jersey-56697c884d5d5b7092da9461424e2c14\" target=\"_blank\" rel=\"noopener\">signed<\/a> a bill that provides Denmark-based company Orsted, which will build the wind farm, with <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fired-keystone-pipeline-worker-my-crisis-is-not-climate-but-putting-food-on-the-table\/\" title=\"Fired Keystone Pipeline Worker: My Crisis Is Not Climate but Putting Food on the Table\">lucrative tax breaks<\/a>. While that money was supposed to go to ratepayers to alleviate higher costs, the measure allows the foreign company to pocket the cash. As a result, the state&#8217;s Division of Rate Council\u2014an independent group that represents New Jersey ratepayers\u2014says the project will raise rates.<\/p>\n<p><strong>&#8220;It should be clear that statements claiming that this bill will not cost ratepayers additional costs are inaccurate,&#8221;<\/strong> the council said in a <a href=\"https:\/\/www.state.nj.us\/rpa\/docs\/S4019_A5651_CONCERNS%20FEDERAL%20TAX%20BENEFITS%20FOR%20CERTAIN%20QUALIFIED%20OFFSHORE%20WIND%20PROJECTS_6-26-23.pdf\" target=\"_blank\" rel=\"noopener\">statement<\/a>. Republican congressman Chris Smith (R., N.J.) similarly said the wind farm <strong>&#8220;will force residents\u2014who are already being crushed by an unfair tax burden and an exorbitant cost of living due to high inflation\u2014to pay more for their electric bills.&#8221;<\/strong> New Jersey&#8217;s nonpartisan legislative office also found that the project means rates <strong>&#8220;may be higher than otherwise&#8221;<\/strong> but could not give a more accurate assessment as Murphy failed to provide fiscal details.<\/p>\n<p>The wind farm reflects Biden&#8217;s emphasis on <strong>&#8220;tackling the climate crisis&#8221;<\/strong> through the Inflation Reduction Act, which provides hundreds of billions of dollars in green energy subsidies. Some of that money\u2014up to $1 billion, according to Republican state lawmaker Ed Durr\u2014will go to the foreign company Orsted, spending that Biden hopes will help the nation achieve a <strong>&#8220;<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/a-border-towns-democratic-mayor-has-had-enough\/\" title=\"A Border Town\u2019s Democratic Mayor Has Had Enough\">carbon pollution-free power sector<\/a>&#8220;<\/strong> by 2035.<\/p>\n<p>Murphy, whose office did not return a request for comment, has an <strong>&#8220;Energy Master Plan&#8221;<\/strong> of his own, which aims to help New Jersey <strong>&#8220;achieve 100 percent clean energy by 2050.&#8221;<\/strong><\/p>\n<p>These efforts, however, are prompting concerns across the country that an increased reliance on green energy will lead to power blackouts and energy rations.<\/p>\n<p>A June <a href=\"https:\/\/freebeacon.com\/energy\/california-cant-generate-enough-power-to-fuel-its-electric-vehicle-mandate-report-finds\/\" target=\"_blank\" rel=\"noopener\">report<\/a>, for example, found that Californians will in the future not be able to consume the same amount of energy should they move forward with plans to rely on green energy production. Watchdog groups such as the North American Electric Reliability Corporation, meanwhile, have warned that an increase in green power generation and a decrease in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/buttigieg-says-americans-should-buy-electric-cars-so-they-never-have-to-worry-about-gas-prices-again\/\" title=\"Buttigieg Says Americans Should Buy Electric Cars So They \u2018Never Have To Worry About Gas Prices Again\u2019\">fossil fuel power plants<\/a> could lead to <a href=\"https:\/\/freebeacon.com\/energy\/majority-of-united-states-faces-elevated-risk-of-summer-power-blackouts-amid-green-energy-push\/\" target=\"_blank\" rel=\"noopener\">widespread energy shortages<\/a>.<\/p>\n<p>Green alternatives such as wind and solar rely on favorable weather conditions to operate at full capacity. If those conditions aren&#8217;t met, power demand can outpace supply. Coal and natural gas plants, by comparison, can be turned on and off at will\u2014but many states are retiring those plants in favor of wind and solar. <strong>&#8220;The system is closer to the edge,&#8221;<\/strong> North American Reliability Corporation director John Moura said in May. <strong>&#8220;More needs to be done.&#8221;<\/strong><\/p>\n<p>Beyond cost and reliability concerns, nautical business owners are also upset with the new offshore wind farm, arguing that their legal fishing space will shrink and they will not be able to navigate around the turbines. They also fear that the turbines could prompt marine life to change their migration patterns, thus making fishing more difficult.<\/p>\n<p>Environmental groups such as Clean Ocean Action have echoed those concerns. The group in January said the offshore wind farm efforts are <strong>&#8220;too much, too fast&#8221;<\/strong> and will hurt marine ecosystems.<\/p>\n<p>Orsted nonetheless is looking to <a href=\"https:\/\/us.orsted.com\/renewable-energy-solutions\/offshore-wind#project-list\" target=\"_blank\" rel=\"noopener\">expand<\/a> its operations up and down the east coast. If those efforts are anything like the company&#8217;s New Jersey projects, they will attract controversy.<\/p>\n<p><strong>&#8220;The hardworking people of New Jersey deserve better than Trenton&#8217;s plan to bail out foreign offshore wind corporation Orsted and give away billions of federal tax credits intended for ratepayers,&#8221;<\/strong> Rep. Smith said in a statement.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Foreign company Orsted is poised to obtain $1 billion in green energy subsidies for its contentious project. However, experts and lawmakers warn that the Biden-approved wind farm off New Jersey&#8217;s coast will burden taxpayers and increase utility expenses. President Biden&#8217;s Interior Department recently granted approval for this venture.<\/p>\n","protected":false},"author":2020,"featured_media":1973053,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-1973052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1973052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2020"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1973052"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1973052\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1973053"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1973052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1973052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1973052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}