Northeast braces for higher electricity bills as Virginia re-enters cap-and-trade
TL;DR
Virginia’s return to RGGI is driving a spike in carbon allowances, risking higher Northeast electricity bills as data centers and gas prices push wholesale costs; states weigh using auction revenue for relief and efficiency, while Republicans attack affordability and Democrats defend reliability and renewables investments.
Topics:businesspolitics#cap-and-trade#electricity-prices#northeast-energy-policy#politics#rggi#virginia
- The Northeast is set for a star turn in the affordability debate Politico
- State Carbon Markets: Development and Uncertainty JD Supra
- Virginia Enacts Legislation To Rejoin RGGI, Re-Entry Expected By Late May Carbon Herald
- Virginia’s carbon market comeback risks a multistate affordability crunch E&E News by POLITICO
- From the 2026 session to what’s next: Expanding our work in Virginia Clean Air Task Force
Want the full story? Read the original reporting
Read on Politico