Colorado residential electricity consumers could pay as much as $6,400 to $9,280 total more in electricity costs per household than they do now through 2040, according to a report from the Common Sense Institute.
“Driven by state policy mandates to reduce greenhouse gas emissions, electricity prices are projected to grow at more than three times the rate of inflation and nearly 13 times the growth rate from 2010 to 2020,” according the report, which was released at the end of January. “Complying with state law will require an investment of $108 billion through 2050.”
The institute is “a non-partisan research organization dedicated to protecting and promoting the economy,” according to its website.
In 2019, the Colorado General Assembly enacted statutes committing the state to reducing greenhouse gas emissions by 50% by 2030 and 90% by 2050.
“From 2010 to 2020, average residential electricity prices were less than 10 cents per …