It is a carbon tax. I pay taxes upon taxes upon taxes, going without. TV is gone, we dont have vacations, we keep piling debt on debt. We have 60+ year olds working 2 jobs at 50+ hours a week, 7 days a week, to afford lower income housing.
VEPCO is a monopoly killing taxpayers. Build nuclear and stop killing whales.
McAuliffe promised the revenue would be returned to ratepayers, which never did happen.
Billions of dollars have already been taxed on us. Why can't we afford heat for our homes? No one is paying for PiPP's for us taxpayers yet we're making out worse than those taking our money. VEPCO is NOT supposed to be in the business of wealth redistribution, but that govt is making it that way.
So far all this crap has done is cost us billions and more on the way without NOTHING I can see done for US who have to pay it!
Has the sky changed by any bit with this tax? NO. ZERO impact on the worlds' atmosphere because the Chinese are building coal plants! Worldwide demand for coal was set last year. This is nothing but a tax to fund 2 spending programs. Those beneficiaries are the govt bureaucracy and private contracting entites that spend the money.
The rest of the money is to be spent on various programs to improve energy efficiency or conservation in buildings, mainly in homes. Again, such programs have been supported by the taxpayers for decades and indeed the electricity ratepayers of Virginia’s two largest electric companies pay another monthly surcharge to subsidize such programs.
A body of contractors make their living doing this work and the individual recipients often do see substantially lower personal costs. But the utility-run programs have a long history of failing broader cost-benefit analyses, especially tests of any benefit to general ratepayers. There is no evidence the RGGI-funded programs are even evaluated or measured on these tests. Regardless, with billions being spent just in Virginia on new wind, solar and battery assets, claims that such programs reduce the need for new generation are without foundation.
The General Assembly likely will continue to impose that other “energy efficiency tax” on customers. One tax to subsidize those questionable activities is enough.