You have read about Your Survival Guy’s front row seat to the offshore wind follies, here, and here. Now, New Yorkers’ eyes are popping at the wind folly facing them. Donna Andersen of the New York Post reports that a new analysis found that New Yorkers would be forced to pay 2.5 times the market rate for electricity to support their own offshore wind farm. She writes:
New Yorkers would be forced to pay 2.5 times the market rate for electricity generated by the Empire Wind One offshore wind farm if the deal goes through, according to an independent financial analysis.
The Trump Administration paused construction of the controversial project — 54 turbines in the Atlantic Ocean some 14 miles south of Long Island — last week, saying it needs further review. The project has seen strong backing from Gov. Kathy Hochul and Mayor Eric Adams.
Trump’s move was welcomed by those who claim the project is going to overcharge taxpayers.
On his first day in office, President Trump signed an executive order pausing all offshore wind development. The order read:
Temporary Withdrawal of Areas. Consistent with the principles of responsible public stewardship that are entrusted to this office, with due consideration for a variety of relevant factors, including the need to foster an energy economy capable of meeting the country’s growing demand for reliable energy, the importance of marine life, impacts on ocean currents and wind patterns, effects on energy costs for Americans –- especially those who can least afford it –- and to ensure that the United States is able to maintain a robust fishing industry for future generations and provide low cost energy to its citizens, I hereby direct as follows:
Under the authority granted to me in section 12(a) of the Outer Continental Shelf Lands Act, 43 U.S.C. 1341(a), I hereby withdraw from disposition for wind energy leasing all areas within the Offshore Continental Shelf (OCS) as defined in section 2 of the Outer Continental Shelf Lands Act, 43 U.S.C. 1331. This withdrawal shall go into effect beginning on January 21, 2025, and shall remain in effect until this Presidential Memorandum is revoked.
Action Line: You shouldn’t have to pay multiple times the market rate for electricity so your local politicians can claim a win on their personal agenda. Don’t fall for the follies. Click here to subscribe to my free monthly Survive & Thrive letter.
