by David Tofsted
Candidate NM House, District 36
[David Tofsted, CASF member and a candidate for the NM House of Representatives in NM District 36, has also posted a similar analysis of the Grisham Energy Plan on his own web site at this link. Ed.]
SUMMARY:
Contained herein is a preliminary attempt to bound the cost of the proposed Grisham Energy Plan. This plan calls for renewable power in New Mexico to account for 50% of all electrical power used by 2030, and increases that to 80% by 2040. The current document attempts to assess the costs of the Grisham plan by three different methods, and by employing two sets of
assumptions for one of the methods. The metric used for assessing cost was the surcharge to the average NM household yearly electric bill. In each case the cost per household was found to be on the order of just over one thousand to several thousands of dollars of added expense per year over the full 20 years of the plan.
The lowest estimate obtained was $1,500. The high estimate was approximately $6,653. The remaining two estimates were $3,200 and $6,000. Based on the variability of assumptions and range of estimates it is Continue reading “An Analysis of the Grisham Energy Plan”