Daily Archives: May 26, 2016

Republicans can stop yammering about utility rates anytime now

Here’s a little shock to the system. Vermont’s own Green Mountain Power has some of the lowest electricity rates in New England. GMP has the second-lowest residential rates of any regional utility, the third-lowest commercial rates, and the absolute rock-bottom lowest rates for industrial customers.

New England industrial electric ratesYou know how the Republicans are always complaining about the high cost of power and how it’s forcing businesses to flee? Well, it’s horseshit, and they need to cut it out.

The data comes from the Edison Electric Institute, so don’t try to tell me somebody’s got their thumb on the scale.

It’s true that Vermont has relatively high power rates compared to the rest of the nation, but that’s because of built-in structural disadvantages for all of the Northeast, not because of excessive regulation or our green power policy. Indeed, it’s a testament to GMP management that it’s kept rates so low while moving aggressively toward a renewable future. It would also appear that Vermont’s regulatory structure is a lot smarter than it’s given credit for.

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The race for governor will offer a stark contrast

This year’s election will trigger a turnover at the top perhaps unprecedented in Vermont history. A new governor, lieutenant governor, attorney general, and new heads of the House and Senate will all be in place by next January. And heading into the campaign, Vermont’s two major parties are offering completely different visions of the state of our state and the mood of its people.

Republicans see Vermonters as tired of high taxes, government intrusion, and the restless reformism (as they see it) of the Shumlin administration.

You’d expect Democrats to be treading cautiously. They are in the tightrope position of simultaneously defending their tenure in power, and crafting a distinctive profile going forward. Not to mention its persistently strong incrementalist tendencies.

However. Driven by Bernie Sanders’ overwhelming success in our primary, the party is moving leftward. There is a sense that Vermonters are ready for even more decisive change, even more government, a more aggressive push to lift up the downtrodden and blunt the sharp edges of capitalism.

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