From a Republilcan legislative news release
Senator Michael Testa and Assemblymen Erik Simonsen and Antwan McClellan (all R-1) said opposition is growing to Governor Phil Murphy’s Energy Master Plan (EMP), which would cost every New Jersey homeowner tens of thousands of dollars and put residents at risk during emergencies.
“Governor Murphy’s Energy Master Plan could cost every New Jersey resident $52,000, according to an analysis of the massive cost to implement the governor’s green energy scheme,” said Senator Testa. “For many Garden State families, the huge expense of Murphy’s energy plan would prove to be a disaster plan that would saddle them with unbearable costs they cannot afford. It’s nothing less than a hidden green energy tax on New Jerseyans that will cost us hundreds of billions of dollars.”
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One group, Affordable Energy for New Jersey (AENJ), calculated the total cost to New Jersey taxpayers for Murphy’s energy plan at $525 billion.
The coalition’s white paper estimates electric bills across the state will skyrocket by $155 billion, the cost of meeting the electric vehicle mandate will reach $176 billion, and electrifying homes, apartments and businesses in the state could exceed $65 billion.
The report from AENJ also raised concerns about the lack of energy redundancy that could impact the ability of New Jerseyans to heat their homes and cook food during power outages if Murphy’s plan for a fully electrified New Jersey is implemented.
