The Baker Administration will today introduce new regulations that set specific limits on sources of greenhouse gases, the emissions linked to climate change. State officials indicate that the regulations could increase costs to electric ratepayers by as much as 2 percent.
The new rules aim to reduce the state’s carbon emissions 25 percent below 1990 levels by 2020, as required by state law.
Robert Rio, Senior Vice President of Government Affairs at AIM, issued the following statement:
“The 4,000 member employers of Associated Industries of Massachusetts are extremely disappointed with the Baker administration’s new electricity sector regulations. The administration openly admits that these rules will increase Massachusetts electric rates that are already among the highest in the nation.
“The increases produced by the proposed rules, when combined with other pending cost increases, could raise the electric bills of Massachusetts employers some 10 percent in the next year alone.
“These regulations are ultimately unnecessary. The administration could have chosen to work with the legislature to change the Global Warming Solutions Act to allow for alternative ways for the electricity sector to meet these obligations. Instead, the administration has turned a blind eye to the corrosive impacts that high electric rates are having on struggling Massachusetts companies.
“The cost increases produced will harm consumers as well through higher rents, taxes and other costs of doing business.
“AIM supports clean energy and is a leader in working with the administration to transition the power sector to cleaner sources. These regulations are a setback to that effort."