In February, Shout Bits exposed the fraud in Colorado’s renewable energy mandate law. The law was deceptive in that it purported to mandate 30% of the State’s electricity come from renewable sources. In reality, it shifts much of Colorado’s electricity from coal to more expensive and unpredictable natural gas. The law was fraudulent because it promised that utility rates would not go up more than 2%. No serious person believed the transition from cheap and stable coal to other energy sources costing 2 to 10 times as much would not raise their rates.

Reality hit today in a Denver Business Journal
report showing Denver residential electricity prices have exploded 21.4% in the past twelve months. Coal prices have remained stable, and natural gas prices have actually fallen 6.2%, so the only cause for the outrageous increase is the mandated switch to renewables and other green policies designed to punish energy consumption.

The left leaning newspapers in Denver won’t report on the cost to homeowners, only on the illusory ‘green’ jobs created by this huge new tax on homeowners. Colorado voters should consider the real cost of Gov. Ritter’s ‘green’ economy – higher prices, lost jobs, and a state in decline.