Authored by Palmer Schoening via RealClear Wire,
Dependable, low-cost electricity is essential to keeping the lights on for millions of American family-owned businesses.
It is the type of essential item that touches nearly every aspect of our lives; the bakery relies on ovens, the repair shop on power tools, and the local grocer on refrigeration, and on and on. A consistent and affordable power source ensures that they can operate without interruption and keep prices competitive for their customers despite low margins and a fragile economy. Unfortunately, misguided federal policies now threaten to further disrupt our electric grid and could cause these business to shutter.
In the last several years, the U.S. has rapidly pivoted from a common sense, ‘all-of-the-above’ energy strategy to one motivated by the singular desire to eliminate fossil fuel-generated electricity. That goal of a energy change could even be somewhat defendable if not for the fact that our economy and power grid are clearly not ready for the rushed and reckless transition that federal regulators are rushing.
Like all other areas of the economy, energy markets adhere to the basic laws of supply and demand….
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